DPR Cecar KAI Boss Regarding The Loss Of Fast Train Projects

JAKARTA - Commission VI of the House of Representatives highlighted and criticized the debt of the Jakarta Bandung High Speed Rail (KCJB) project, which burdens the finances of the state-owned rail transportation company.

Member of Commission VI of the Indonesian House of Representatives, Hasani Bin Zuber, said that the project's losses were a burden that had to be borne by KAI. He said the project lost Rp2.69 trillion in 2024. Meanwhile, in the first semester of 2025 the loss reached Rp1 trillion.

"The Jakarta-Bandung bettersh high-speed train project, this is quite large, it was recorded a loss of Rp. 1 trillion in the first semester of 2025, this of course burdens PT KAI itself," he said in a working meeting with KAI President Director Bobby Rasyidin with Commission VI of the DPR, at the DPR Building, Parliament Complex, Jakarta, Wednesday, August 20.

"My question is, what is PT KAI's strategy to reduce operational losses in the future? Is there a break event point scenario that has been prepared?," he continued.

Similarly, a member of Commission VI of the PDI-Perjuangan faction, Darmadi Durianto, said that KAI as the majority shareholder of PT Pilar Sinergi BUMN Indonesia (PSBI), which is part of the KCIC consortium, also bears the debt-freeness of the funch project.

Furthermore, Darmadi said the financial burden of the KCIC project loss could be more than IDR 4 trillion in 2025.

"I see that there is a huge debt that must be borne by the train in the KCIC project. You hold more than 58 percent of PSBI shares. PSBI is 60 percent strong, China is 40 percent. If it is calculated in 2025 it can be a financial burden and from KCIC losses it can reach more than IDR 4 trillion," said Darmadi.

In fact, said Darmadi, in just six months, the financial burden borne by KAI reached IDR 1.2 trillion.

From the KCIC burden itself, it has been Rp950 billion multiplied by two. Already more than Rp4 trillion. 2024, that's Rp3.1 trillion," he said.

Darmadi projects that by 2026 KAI's debt could reach IDR 6 trillion. According to him, if it is not resolved immediately, it will burden other subsidiaries, which should record profits, instead of sinking by debt interest expense.

"Because if you don't (do it) you can't get tantiem, the salary goes but tantiem can't, because you will lose finances and the burden of KCIC," he explained.

Meanwhile, a member of Commission VI of the House of Representatives from the PDD-Perjuangan faction, Rieke Diah Pitaloka, said that KAI's total investment in PT. Pillar Sinergi BUMN Indonesia (PSBI). He said that since early 2025 he had invested IDR 7.7 trillion in capital for KCIC.

For your information, the project consortium includes several parties, KAI is the highest shareholder with ownership of 58.53 percent. Then, WIKA 33.36 percent, Jasa Marga 7.08 percent, and Perkebunan Nusantara 1.03 percent. PBSI holds 60 percent of the shares in KCIC as the job operator.

Rieke assessed that there needed to be a detailed explanation. Moreover, he said that until now there has been no formation of a new consortium.

"Including the national strategic project, it costs an investment of US$7.2 billion or equivalent to Rp116 trillion. Losses in the first semester of 2025, please check with each other on the data, record a loss of Rp1.65 trillion from investments in PSBI, KAI losses of that amount," he explained.

In addition, Rieke also requested that national strategic projects not be borne by SOEs. Moreover, he said, the company is a state-owned company that provides public services.

"It can collapse. If public services in the transportation sector collapse once again, it will have an impact on various things," said Rieke.