Can't find what you're looking for?
View all search resultsCan't find what you're looking for?
View all search resultsThe President also instructed that the high-speed railway project be extended to Banyuwangi, East Java, broadening the expansion plan that was initially intended to reach only Surabaya.
resident Prabowo Subianto has insisted that responsibility for the debt incurred by the Jakarta-Bandung high-speed railway, dubbed Whoosh, ultimately lies with him, as the government considers covering its loans using the state budget.
“I’m now responsible for Whoosh,” the President said at the launch of the new Tanah Abang train station on Tuesday, emphasizing that public transportation should not be judged by its financial losses but by the benefits it brings to the people.
“There’s no problem, because we pay [the debt amounting to] Rp 1.2 trillion [US$71.81 million] annually. The benefits, such as reduced traffic, less pollution and faster travel, must all be taken into account,” he said.
Prabowo described railway projects as part of the public service obligation (PSO), in which the government subsidizes 60 percent of the cost while the public covers 20 percent. He added that if the administration continues to crack down on corruption, there would be “sufficient funds available” to serve the people, including to cover Whoosh’s debts.
“The money comes from the people, from taxes and the nation’s wealth. Therefore, we must prevent any leakage. We must put an end to abuse and corruption. The people’s money cannot be stolen and we will ensure that public services are returned to the people,” he said.
The President also instructed that the high-speed railway project be extended to Banyuwangi, East Java, broadening the expansion plan that was initially intended to reach only Surabaya also in East Java.
Coordinating Infrastructure and Regional Development Minister Agus Harimurti Yudhoyono revealed on Monday that the repayment of Whoosh’s debt may be backed by the government and funded through the state budget.
Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.
Thank you for sharing your thoughts. We appreciate your feedback.
Quickly share this news with your network—keep everyone informed with just a single click!
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Get the best experience—faster access, exclusive features, and a seamless way to stay updated.