The Aporia
Yuniar, R. W. (2026, September 15). Who will shoulder the debts behind Indonesia’s China-backed Whoosh railway? South China Morning Post. https://www.scmp.com/week-asia/economics/article/3367600/who-will-shoulder-debts-behind-indonesias-china-backed-whoosh-railway?utm_source=rss_feed
Yuniar, Resty Woro. “Who will shoulder the debts behind Indonesia’s China-backed Whoosh railway?” South China Morning Post, 15 Sept. 2026, https://www.scmp.com/week-asia/economics/article/3367600/who-will-shoulder-debts-behind-indonesias-china-backed-whoosh-railway?utm_source=rss_feed.
Yuniar, Resty Woro. “Who will shoulder the debts behind Indonesia’s China-backed Whoosh railway?” South China Morning Post, September 15, 2026. https://www.scmp.com/week-asia/economics/article/3367600/who-will-shoulder-debts-behind-indonesias-china-backed-whoosh-railway?utm_source=rss_feed.
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The Indonesian government plans to transfer the annual debt of about 1 trillion rupiah ($56.5 million) for China-backed Whoosh railway into state accounts, a move that has raised concerns among critics who warn taxpayers will subsidize the losses. The project, which connects Jakarta to West Java’s provincial capital in just 45 minutes, was initially budgeted at $6.02 billion but has now ballooned to about $7.3 billion. Operated by Kereta Cepat Indonesia-China (KCIC), a joint venture between Chinese and Indonesian state-owned companies, the railway aims to reduce travel time significantly compared to driving, which can take up to three hours. Despite government assurances that the debt burden is manageable over 80 years, critics argue that taxpayers will bear the brunt of financing this costly infrastructure project.