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Purbaya Bakal Negosiasi Ulang dengan China Bahas Utang Whoosh
Purbaya Will Renegotiate with China Regarding Whoosh Debt
JPNN | Local Language | News | Dec. 5, 2025 | Shifting Geopolitical Alliances
Finance Minister Purbaya Yudhi Sadewa has announced plans to renegotiate the debt settlement with China concerning the Whoosh Jakarta-Bandung high-speed rail project. The Ministry of Finance is finalizing the negotiation plan in collaboration with Danantara Indonesia, with technical teams from both sides preparing to discuss the optimal approach. Although the details are still unclear, the overall objective is defined.
Purbaya confirmed that he and Danantara Indonesia are ready to travel to China for negotiations but emphasized the importance of first determining the proper counterpart and the settlement scheme to be proposed. He noted uncertainty about whether the meeting would be with the China Development Bank (CDB) or the National Development and Reform Commission (NDRC), and said travel plans will proceed only once these details are confirmed.
The Whoosh High-Speed Rail project currently carries a debt burden estimated at around USD 7.2 billion (approximately Rp 116 trillion), which has increased due to cost overruns from the initial budget of USD 6.07 billion.