Indonesia's finance minister plans to travel to China to discuss high-speed rail debt

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The Finance Minister recently met with the Chief Executive Officer of the Board of Investment (BPI) to discuss, among other things, the debt solution for the Jakarta-Bandung High Speed Rail (KCIC) project, known as the Whoosh project, in the midst of the government's efforts to finalize the project's financing package.He said the two had a wide-ranging discussion, including the KCIC debt issue, and that while the atmosphere of the discussion was favorable, the exact form of the debt settlement was still being explored.

Discussions between the technical teams continue, howeverThe general direction is becoming clearer. He was almost certain toTraveled to China together to discuss the follow-up of the projectBut the departure plan depends on clearPersons to be met and specific programsOtherwise the trip to China would have had no clear objective. This follows the executive's trip to the Ministry of Finance to meet with the Minister, a meeting he confirmed also centered around theWhoosh Project Debt Payment SolutionsExpand.

He emphasized thatParties need to work together and reach agreementWe will not discuss the project's progress until after the meeting, and the project's timetable and other relevant elements have been finalized, and the two sides also discussed other matters. The meeting reflected theEfforts by the Government of Indonesia and Related Parties to Resolve the Debt of the Whoosh Project and Advance Project Financing, the subsequent progress is worth watching.

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