The Indonesian Investment Authority (BPI Danantara) will intervene to resolve the losses and debt issues of state-owned construction companies caused by the Jakarta-Bandung High-Speed Railway (Whoosh) project. Danantara's Chief Operating Officer stated that Danantara is preparing solutions for debt payments related to the high-speed railway project and the restructuring of state-owned enterprises participating in the project consortium. This high-speed railway project is part of the work program for the restructuring cluster of Danantara Asset Management Company, expected to be completed by the end of the year. Danantara will propose several alternative steps to the government to resolve the project's debt issues. He mentioned that assessments are being conducted from both operational and debt perspectives, and long-term solutions will be proposed that will not affect the future operational performance of the related enterprises. Four state-owned enterprises under Indonesia's pillar sinergi BUMN Indonesia (PSBI), namely Indonesian Railway Company (KAI), Wijaya Karya (WIKA), Jasa Marga (JSMR), and Perkebunan Nusantara I (PTPN), hold 60% of the shares in Indonesia China High-Speed Railway Company (KCIC), which operates the Whoosh high-speed railway project.
The Indonesian Investment Authority (BPI Danantara) will intervene to resolve the losses and debt issues of state-owned construction companies caused by the Jakarta-Bandung High-Speed Railway (Whoosh) project. Danantara's Chief Operating Officer stated that Danantara is preparing solutions for debt payments related to the high-speed railway project and the restructuring of state-owned enterprises participating in the project consortium. This high-speed railway project is part of the work program for the restructuring cluster of Danantara Asset Management Company, expected to be completed by the end of the year. Danantara will propose several alternative steps to the government to resolve the project's debt issues. He mentioned that assessments are being conducted from both operational and debt perspectives, and long-term solutions will be proposed that will not affect the future operational performance of the related enterprises. Four state-owned enterprises under Indonesia's pillar sinergi BUMN Indonesia (PSBI), namely Indonesian Railway Company (KAI), Wijaya Karya (WIKA), Jasa Marga (JSMR), and Perkebunan Nusantara I (PTPN), hold 60% of the shares in Indonesia China High-Speed Railway Company (KCIC), which operates the Whoosh high-speed railway project.