JAKARTA - Minister of Finance Purbaya Yudhi Sadewa admitted that he had not discussed further about the settlement of the debt for the Indonesia-China High-Speed Train (KCIC) or Whoosh project with the State Palace.
"Later, I have not been called for that matter," said Purbaya as quoted by ANTARA, Thursday, February 12.
According to Purbaya, the final discussion regarding the financial restructuring of KCIC still uses the 50:50 scheme, so not all debt burden is borne by the State Budget (APBN).
However, the Minister of Finance will ensure the continuation of the plan to settle the debt for the Jakarta-Bandung High Speed Train project after receiving a call from the Palace.
"As far as I remember, it's still 50:50. It hasn't been invited there," he said.
Previously, Secretary of State Prasetyo Hadi said the source of payment for the Whoosh development debt came from the state budget. He said this after a press conference regarding the I Quarter Economic Stimulus and the Readiness for Idul Fitri Transportation 2025 at Gambir Station, Jakarta, Tuesday (10/2).
The Minister of Law and Human Rights explained that the discussion was still in the finalization stage. The process of negotiation and technical discussions on the payment mechanism is led by Danantara Indonesia CEO Rosan Roeslani.
President Prabowo Subianto previously ordered his ministers to find the best scheme to solve the problem of the Jakarta-Bandung Whoosh high-speed train debt, including details related to numbers, and the best debt settlement scenarios that the government can take.
The order was given by President Prabowo to the line of ministers during a limited meeting (ratas) at the Presidential Palace, Jakarta, Wednesday (29/10/2025) evening.
The problem of resolving the debt for the Jakarta-Bandung High Speed Train (KCJB) Whoosh project has become a public spotlight given the burden of debt from the project reaching Rp. 116 trillion.
Coordinating Minister for Infrastructure and Regional Development Agus Harimurti Yudhoyono said the restructuring of the finances of the Indonesia-China High-Speed Train (KCIC) or Whoosh project still requires a process and time.
The government, he said, is also studying the establishment of a national high-speed train committee to strengthen cross-ministerial and agency coordination in managing the project.
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