Indonesian Political, Business & Finance News

Hoax! Whoosh High-Speed Rail Debt to be Paid Off in Two Months

| Source: ANTARA_ID Translated from Indonesian | Finance
Hoax! Whoosh High-Speed Rail Debt to be Paid Off in Two Months
Image: ANTARA_ID

Jakarta (ANTARA/JACX) – A post on the Instagram social media platform claims that the debt for the Whoosh High-Speed Rail project will be paid off within two months using funds from Danantara, without involving the State Revenue and Expenditure Budget (APBN). The post narrates as if the debt repayment is certain to occur in the near future. The narrative in the post reads: “The Whoosh debt will be paid off in another 2 months with funds from Danantara!” However, is it true that the Whoosh High-Speed Rail debt will be paid off in two months? Explanation: Based on investigations, no information or official statements from the government or credible media have been found mentioning that the Whoosh High-Speed Rail project debt will be paid off within two months. Cited from ANTARA, the government is indeed discussing schemes to settle the project’s debt, but there is no certainty regarding repayment within that timeframe. Finance Minister Purbaya Yudhi Sadewa stated that the debt restructuring process for the Whoosh High-Speed Rail project has been completed and is awaiting an official government announcement. However, details of the restructuring results, including the payment mechanism and repayment period, have not yet been officially announced. Therefore, the claim that the Whoosh High-Speed Rail debt will be paid off in two months is untrue information or a hoax.

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