November 11, 2025 | 12:22 pm
TEMPO.CO, Jakarta - Chief Operating Officer of Danantara Indonesia, Dony Oskaria, assures that the Investment Management Agency will participate in negotiating the restructuring of the Jakarta-Bandung high-speed train's debt, also known as Whoosh.
"The President has conveyed that it will involve the government and Danantara. This is certainly the best solution, and Danantara will certainly handle Danantara's portion," said Dony at Graha Mandiri on Tuesday, November 11, 2025.
Dony stated that Danantara will be involved in the debt restructuring process, particularly with regard to Whoosh's operations. He said that the government's role is related to infrastructure.
Dony stated that Danantara is responsible for the operational aspect of Whoosh. He hopes that the high-speed train passengers will increase in the future.
"We are responsible for the operational aspect of Whoosh, so that Whoosh can provide more optimal services," said Dony.
The Whoosh project was initially estimated to cost US$6.02 billion. However, during its course, there was a cost overrun, increasing the cost to US$7.22 billion. About 75 percent of the total cost was financed through loans from the China Development Bank, amounting to US$5.415 billion.
With an annual interest rate of 2 percent on the principal debt and 3.4 percent on the cost overrun, PT Kereta Cepat Indonesia-China (KCIC) must pay $120.9 million in interest each year.
CEO of Danantara Indonesia, Rosan Roeslani, stated that they have coordinated with the Ministry of Finance to formulate comprehensive loan repayment options. "We are evaluating several feasible payment schemes, ensuring that none of them will burden the State Budget," said Rosan.
Ferry Firmansyah, Anastasya Lavenia Yudi, and Han Revanda Putra contributed to the writing of this article
Editor's Choice: Key Points from Prabowo's Speech on Taking Up Whoosh High-Speed Train Debt
Click here to get the latest news updates from Tempo on Google News
State Land Fraud Scheme Uncovered in Indonesia's Whoosh Rail Project
5 menit lalu
The alleged corruption scheme involved falsifying land ownership, making state assets appear private before selling them to the government.
KPK Probes Alleged Corruption in Land Acquisition for Whoosh High-Speed Train
2 jam lalu
Indonesia's KPK said the probe is in its preliminary stage and focuses on Whoosh's land-related issues rather than the project's implementation.
GoTo Announces Extraordinary Shareholders' Meeting Amid Gojek-Grab Merger Plan
5 jam lalu
Based on its announcement on the Indonesia Stock Exchange, Monday, November 10, 2025, GOTO will hold an EGM on December 17, 2025 from 10: 00-12: 00 WIB.
Garuda Indonesia: Citilink Receives Rp14.9 Trillion from Danantara
1 hari lalu
Allocation of funds from Danantara to Citilink is greater than to Garuda Indonesia due to several reasons. What are they?
Indonesia Confirms Plan to Merge Tech Giants GoTo and Grab
1 hari lalu
The state-owned Investment Management Agency, Danantara, is likely to be involved in facilitating the merger process between GoTo and Grab.
Garuda Indonesia Faces Business Disputes in Singapore and the US
2 hari lalu
WAKIL Direktur Garuda Indonesia Thomas Oentoro mengatakan ada lima kontijensi dalam catatan atas laporan keuangan perseroan pada 30 Juni 2025.
Indonesia Weighs Using State Budget to Repay Whoosh Debt
2 hari lalu
Economic Affairs Minister Airlangga Hartarto discussed using the state budget to repay the debt of the Jakarta-Bandung high-speed rail, Whoosh.
Danantara Cuts Capital Injection for Garuda Indonesia to US$1.4 Billion
2 hari lalu
Garuda Indonesia (GIAA) said the planned capital injection from state-owned Danantara was cut to US$1.4 billion from Rp29.8 trillion.
Danantara Injects US$1.4 Billion Capital into Garuda Indonesia
2 hari lalu
The capital injection for Garuda Indonesia from Danantara was revised down from Rp 29.8 trillion to US$1.4 billion, or approximately Rp 23.6 trillion.
Danantara Indonesia to Invest Rp20 Trillion in Chicken Farms to Support the Free Meal Program
3 hari lalu
Indonesian Agriculture Minister is confident that chicken farming can strengthen the national supply of chicken and eggs and support the Free Nutritious Meal program (MBG).
