Rosan States Whoosh Restructuring Discussions Complete, Next Step is Talks with China
JAKARTA - The Investment Management Agency Daya Anagata Nusantara (Danantara Indonesia) has confirmed that the debt restructuring for the Jakarta-Bandung High-Speed Rail project, or Whoosh, has been completed.
Danantara Indonesia CEO Rosan Roeslani stated that the resolution of Whoosh’s debt has been discussed with Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono (AHY) and Minister of Public Works Dody Hanggodo.
The solution for resolving Whoosh’s debt, found by Danantara together with the government, will now be followed up with the Chinese side.
“So the solution is already there, and it will be followed up by the team to talk with the Chinese side. The solution is already there, and yesterday we also did some sounding. Insya Allah, this can be resolved soon,” Rosan said when met at the Ministry of Investment and Downstreaming/BKPM office in Jakarta on Thursday (23/4/2026).
“The scheme is currently being fine-tuned, but it will indeed be conveyed directly by the Coordinating Minister for Infrastructure; it’s better that way. But it’s already there, the solution for the restructuring,” he added.
Previously, Finance Minister Purbaya Yudhi Sadewa also stated that the restructuring process for the Jakarta-Bandung high-speed rail project, or Whoosh, has been completed. The government is just waiting for the time to officially announce the results.
“It’s already done, just waiting to be announced,” Purbaya said after the PT SMI 2026 Symposium in Jakarta on Wednesday (22/4/2026).
He claimed to have met with the Chinese Finance Minister. In that meeting, he emphasised that the Indonesian government’s decision on the restructuring has been taken, so China, as the project partner, does not need to worry.
According to him, international trust is an important factor, especially for strategic projects involving foreign investors.
However, Purbaya was not yet willing to reveal the details of the restructuring results. He asked for further explanations to be awaited after the official announcement.
“Later after it’s announced by Mr AHY. I think I don’t have the right to talk about it now. Later, ask Mr AHY once it’s announced. But clearly, it’s already decided, just not the time to announce yet,” Purbaya said.
The Indonesian consortium, represented by PT Pilar Sinergi BUMN Indonesia (PSBI), holds 60 per cent of the shares. Meanwhile, the Chinese consortium through Beijing Yawan HSR Co. Ltd holds 40 per cent.
PSBI itself consists of four state-owned enterprises: KAI, PT Wijaya Karya (Persero) Tbk or WIKA, PT Jasa Marga (Persero) Tbk, and PT Perkebunan Nusantara VIII (Persero) or PTPN VIII.
KAI is the majority shareholder of KCIC with a 51.37 per cent ownership.
Based on the latest records, in the first semester of 2025, KCIC recorded a loss of Rp 1.6 trillion. Of that amount, KAI had to bear Rp 1.42 trillion as the largest shareholder in PSBI.