Purbaya Reveals KCIC's Debt Payment Is The Responsibility Of The Aerospace, Not The State Budget
JAKARTA - Minister of Finance Purbaya Yudhi Sadive emphasized that the State Revenue and Expenditure Budget (APBN) funds will not be used to pay off the debt of the railway project led by PT Kereta Cepat Indonesia China (KCIC).
Purbaya explained that the decision was taken because dividends from SOEs that had previously entered the state treasury had now been transferred to the Danantara Investment Management Agency (BPI).
Thus, he assessed, Danantara has sufficient capacity to handle the payment obligations.
"But when it has been separated, and all dividends enter the Danantara, Danantara is able to pay for it. So it's not unpaid, but Danantara, not the state budget, it seems. The direction I want to go there," he told the media crew, Wednesday, October 15.
When asked whether the KCIC debt issue would be discussed in the Danantara, Purbaya replied that his party would still pay close attention to the situation in its capacity as a member of the Danantara Supervisory Board.
"I'll see, this is a supervisory board meeting for me first, I want to see what it looks like," he said.
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Menanggapi adanya dua opsi terkait penyelesaian utang yakni pelimpahan kepada pemerintah atau suntikan dana ke PT KAI.
Purbaya menuturkan, jawaban tersebut belum tegas. "Itu mah kaga tegas," tuturnya.
Sebagai informasi, total investasi proyek Kereta Cepat Jakarta–Bandung mencapai sekitar 7,27 miliar dolar AS atau setara Rp120,38 triliun (dengan asumsi kurs Rp16.500 per dolar AS).
Sekitar 75 persen dari nilai proyek tersebut dibiayai melalui pinjaman dari China Development Bank (CDB) dengan bunga 2 persen per tahun.
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Responding to two options related to debt settlement, namely delegation to the government or injection of funds to PT KAI.
Purbaya said, the answer was not firm. "That's firm," he said.
For information, the total investment in the Jakarta Fast Train project reached around 7.27 billion US dollars or equivalent to Rp120.38 trillion (assuming an exchange rate of Rp16,500 per US dollar).
About 75 percent of the project's value is financed through a loan from the China Development Bank (CDB) with a interest rate of 2 percent per year.