Finance Ministry to take over Whoosh high-speed rail debt and management

Indonesia's Ministry of Finance will assume responsibility for the debt restructuring and management of the Jakarta-Bandung high-speed rail project, commonly known as Whoosh. Finance Minister Purbaya Yudhi Sadewa confirmed the ministry's upcoming role following a recent meeting.

This decision signifies a critical intervention by the government to address the financial complexities surrounding the high-speed rail line. The Ministry of Finance's involvement is expected to provide a structured approach to managing the project's existing debts and overseeing its ongoing financial operations.

The move aims to ensure the long-term viability and operational success of the Whoosh train service. By taking control of the financial aspects, the government seeks to stabilize the project and potentially attract further investment or streamline its financial framework. The specifics of the debt restructuring and management plan are anticipated to be detailed following the ministry's formal assumption of control.