Head of BP BUMN Dony Oskaria: Whoosh Restructuring Final Soon Announced

Head of BP BUMN Dony Oskaria/PHOTO: Teddy Kurniawan-VOI

JAKARTA - The Head of the State-Owned Enterprises Management Agency, Dony Oskaria, ensures that the process of restructuring SOEs continues to be rushed, including the completion of the Whoosh High-Speed Train which is said to be in the final stage.

The government targets that the entire restructuring process will not only be completed on time, but also fix the foundation of SOEs' business.

At the Presidential Palace complex in Jakarta, Tuesday, April 7, Dony said the government had completed a study related to Whoosh and was just completing the formal process. "The completion of Whoosh that has been finalized, this will be conveyed," said Dony.

He said that in the next one to two weeks he and the Minister of Finance would meet with journalists to explain the final results of the completion of the project. According to Dony, the process now is to enter the signing stage.

Dony is not yet willing to open the details of the debt figure of Whoosh that has been restructured. Likewise the portion of ownership that will be taken by the Ministry of Finance. However, he emphasized that the direction of the settlement was clear and would be resolved soon.

"The most important thing is that public services are not disrupted and will actually get better with clarity about the funding structure rather than our Fast Train," he said.

According to Dony, the government is now choosing to focus on solving problems, not re-unpacking who is the cause. This attitude is also used in dealing with various other SOEs, including large impairments in the work company.

He emphasized that the main goal of restructuring was not merely to close old problems, but to make SOEs healthier, especially in terms of governance. Therefore, the evaluation of red plate companies is carried out continuously to ensure that the management process runs correctly.