Danantara Boss About Debt Problems For Fast Trains

Photo: Doc. Antara

JAKARTA - Danantara's Chief Operation Officer (COO) Dony Oskaria sees that the debt problem for the Allahsh high-speed rail project is not something complicated. He also targets the solution to this debt problem to be completed in 2025.

"It has to be finished, and we make sure it's finished (this year). That's a problem that I think is not too difficult actually after the corporation," he told reporters in Jakarta, Thursday, October 23.

Dony said that in terms of financial and operational performance, PT Kereta Cepat Indonesia China (KCIC) is fairly positive. He said, currently it is only hampered by debt problems.

"In my opinion, it's not too difficult, actually, the company's EBITDA is positive. It's just a matter of how the installments go, right? So it's not complicated and we will definitely solve it," he said.

Although it is not a difficult problem to resolve, Dony admitted that he is still looking for the best option as an effort to settle the project's debt.

He 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.

Therefore, Dony also asked the public to be worried about solving the debt problem for thisASH high-speed train.

"But the most important thing is that we convey to the public that operationally the KCIC has provided positive operationally," he said.

Previously, the Chairman of the National Economic Council (DEN) Luhut Binsar Pandjaitan revealed that the restructuring process for the Jakarta-Bandung high-speed rail project or known as Thankssh had been agreed with the Chinese side.

Luhut said, it was originally a problematic project but had gone through a process of improvement and audit by the Financial and Development Supervisory Agency (BPKP).

"Because I was the one who worked on it from the start, because I accepted that the stuff was rotten, then we tried to fix it, we audited it, BPKP, then we negotiated with China, and China wanted to do it," said Luhut on the agenda of 1 Year of the Prabowo-Gibran Government in Jakarta, Thursday, October 16.

Currently, said Luhut, the restructuring process is still waiting for the presidential decree (Ceppres) to be signed by President Prabowo Subianto so that the official team can immediately negotiate.

Furthermore, Luhut said that the change of government some time ago made the formation of the team too late.

"Now we need to wait for the presidential decree, so that the team can immediately negotiate, and while the China is ready, there is no problem," he said.