JAKARTA - President Director of PT Kereta Api Indonesia (Persero) or KAI, Bobby Rasyidin admitted that the debt burden for the Jakarta-Bandung high-speed rail project would be a time bomb for his company.
The statement answered questions from several members of Commission VI of the DPR who highlighted the mounting debt of the high-speed rail project.
"The KCIC problem, which was conveyed earlier, is indeed a time bomb made (KAI)," he said in a meeting with Commission VI of the DPR, at the DPR Building, Parliament Complex, Jakarta, Wednesday, August 20.
Bobby also asked Commission VI of the DPR to explore the problems that occurred within KAI, including problems originating from the high-speed rail project. Remember, Bobby himself was only appointed as Director of KAI.
"So we ask that one more time, maybe in the form of an FGD to understand more deeply and we are sure that in the next week we can understand all the obstacles. The problems that exist in KAI," he said.
Meanwhile, Deputy Chairman of Commission VI of the DPR, Andre Rosiade, revealed that the DPR had discussed the solution to solving the KCIC problem with the Anagata Nusantara Power Investment Management Agency (BPI Danantara) at the previous meeting.
Therefore, Andre also asked the KAI board of directors to coordinate with Danantara Indonesia.
"I ask Mr. Bobby to coordinate, every month KAI is invited by Danantara to evaluate its performance. There please discuss it with the Managing Director, please talk about (KCIC). In Danantara's RKAP 2025, one of them is the problem of thisASH," said Andre in response to the statement of the President Director of KAI.
Previously, 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.
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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.
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