Danantara Will Send A Team To China To Negotiate Fast Train Debt

Danantara Indonesia Chief Operating Officer (COO) Dony Oskaria. (Mery Handayani / VOI)

JAKARTA - Danantara's Chief Operation Officer (COO) Dony Oskaria said his party would send a team to China to negotiate the debt for the Jakarta-Bandung high-speed rail project (KCJB) or known as

Dony said the team consisted of representatives of Danantara Indonesia and also the government. He revealed that he is currently arranging the right time to dispatch the team.

Furthermore, Dony said that his party was also being discussed further with the Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono.

"We are setting the time. Our relationship is also good (with China), good communication and so on," he told reporters in Jakarta, Thursday, October 23.

The head of the BUMN Regulatory Agency (BP) said the discussions that would be held with the Chinese side were related to the loan period, including interest rates.

This is a point of our negotiations, right. Regarding the term of loan, interest rates. Then there are also several currencies that we will also discuss with them," he explained.

Dony said, a number of options for resolving theseqsh debts are being studied. He ensured that later the final decision taken would certainly benefit the high-speed train.

"Of course there are several options in the study. Of course there are pluses and minuses, respectively. Well, we will present all these alternatives later and which one is the best," he said.

Dony also said that it was not difficult to settle her debt. This is because PT Kereta Cepat Indonesia China (KCIC) as the operator has a positive EBITDA.

"That's a problem that in my opinion, it's not too difficult actually, corporately because after the corporation, the company's EBITDA is positive. It's just a matter of what to do with the installments, that's all. So it's not complicated and we will definitely solve it," he said.