Indonesia Takes Over Whoosh Rail
4 articles from 1 country
Indonesia's Ministry of Finance is set to acquire a 60% stake in the Jakarta-Bandung Whoosh high-speed railway operator, KCIC. This move includes taking over the project's debt restructuring and management. The transfer is targeted for completion by mid-September.
Indonesian Finance Ministry to Take Over 60% Stake in Whoosh
- Indonesia's Finance Ministry will take over a 60% stake in the operator of the Jakarta-Bandung Whoosh high-speed railway, KCIC, by mid-September. - The stake will be transferred from the state-owned enterprise consortium PT Pilar Sinergi BUMN Indonesia to the ministry, managed through Special Mission Vehicles. - The Chinese consortium Beijing Yawan HSR Co. Ltd. will retain its 40% ownership, and…
Finance Ministry to Take Over 60% of Whoosh Shares, Target Completion September 2026
- Indonesia's Ministry of Finance will take over 60% of Whoosh high-speed train shares from PT Kereta Cepat Indonesia China (KCIC). - The transfer, expected by mid-September 2026, will place the major…
Finance Ministry to take over Whoosh high-speed rail debt and management
- Indonesia's Ministry of Finance will take over the debt restructuring and management of the Jakarta-Bandung high-speed rail project. - Finance Minister Purbaya Yudhi Sadewa confirmed the ministry's …
Indonesia Eyes Tax Relief for State Firms, Discusses Whoosh Rail Debt
- Dony Oskaria, COO of Danantara Indonesia and Head of the BUMN Management Agency, met with Finance Minister Purbaya Yudhi Sadewa. - The meeting focused on strategic coordination regarding state-owned…