[RSS] Indonesia’s high-speed rail faces financial ‘time bomb’, seeks to rework debt

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[RSS] Indonesia’s high-speed rail faces financial ‘time bomb’, seeks to rework debt

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Indonesia is considering a plan to renegotiate a debt linked to the China-funded Jakarta-Bandung high-speed rail project, as its operator faces a financial “time bomb” due to ticket sales alone being unable to cover the costs of the high-interest loan. The rail line, known as Whoosh, connects the capital Jakarta with the city of Bandung in West Java in 45 minutes – much shorter than by car, which can take up to three hours. The US$7.27 billion project has, however, been dogged by controversies...

Source: https://www.scmp.com/week-asia/economic ... e=rss_feed
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