The head of Indonesia's State-Owned Enterprises Supervisory Agency and Chief Operating Officer of the Investment Management Agency revealed that the debt restructuring negotiations for the Jakarta-Bandung High-Speed Railway not only involve China's proposed 60-year repayment period but also cover core issues such as interest payments and repayment currency. Former Coordinating Minister for Economic Affairs Luhut had stated that the repayment period might be extended to 60 years, but he clarified that the relevant agreement has not been finalized, and the Indonesian negotiation team will visit China again soon for consultations.
Chinese Foreign Ministry spokesperson Guo Jiakun responded that since its opening in 2023, the Jakarta-Bandung High-Speed Railway has operated safely and stably, transporting over 11.71 million passengers, creating a large number of local jobs and promoting economic development along the route. He emphasized that project evaluation should consider social benefits comprehensively rather than focusing solely on financial data, and reiterated China's willingness to continue supporting high-quality operations.
Currently, the focus of disputes between the two sides includes the 60-year repayment plan not yet being finalized; interest rates and the possibility of local currency settlement are pending; the Indonesian delegation plans to visit China soon for further discussions. This debt restructuring negotiation highlights the ongoing coordination between China and Indonesia in major project financing cooperation, with China's social-benefit-oriented stance and Indonesia's pursuit of better financial conditions forming a dynamic balance.
The head of Indonesia's State-Owned Enterprises Supervisory Agency and Chief Operating Officer of the Investment Management Agency revealed that the debt restructuring negotiations for the Jakarta-Bandung High-Speed Railway not only involve China's proposed 60-year repayment period but also cover core issues such as interest payments and repayment currency. Former Coordinating Minister for Economic Affairs Luhut had stated that the repayment period might be extended to 60 years, but he clarified that the relevant agreement has not been finalized, and the Indonesian negotiation team will visit China again soon for consultations.
Chinese Foreign Ministry spokesperson Guo Jiakun responded that since its opening in 2023, the Jakarta-Bandung High-Speed Railway has operated safely and stably, transporting over 11.71 million passengers, creating a large number of local jobs and promoting economic development along the route. He emphasized that project evaluation should consider social benefits comprehensively rather than focusing solely on financial data, and reiterated China's willingness to continue supporting high-quality operations.
Currently, the focus of disputes between the two sides includes the 60-year repayment plan not yet being finalized; interest rates and the possibility of local currency settlement are pending; the Indonesian delegation plans to visit China soon for further discussions. This debt restructuring negotiation highlights the ongoing coordination between China and Indonesia in major project financing cooperation, with China's social-benefit-oriented stance and Indonesia's pursuit of better financial conditions forming a dynamic balance.