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Regulations 1 month ago
PREMIUM
Finance Ministry's Whoosh takeover plan raises technical, efficiency risks
In this year’s first half alone, the Indonesian SOE consortium that operates the Whoosh high-speed railway incurred a loss of Rp 5.1 trillion ($282.5 million), widening from Rp 4.9 trillion logged in the entirety of last year.
Politics 1 year ago
PREMIUM
Prabowo instructs AHY to safeguard Jakarta-Surabaya HSR project
The coordinating infrastructure minister says the government aims to draw on the lessons from the Jakarta-Bandung HSR project in ensuring an airtight development plan for the service's second route connecting Jakarta with its East Java capital Surabaya, which he says will be a "breakthrough" in cross-Java mobility.
Regulations 1 year ago
PREMIUM
Government funding key to Surabaya expansion, says Whoosh operator KCIC
Though a preliminary study is underway on Whoosh's Surabaya extension as a necessary development, the question of who will foot the bill looms large, with the government insistent on not dipping into the state coffers and operator KCIC insisting it can't go it alone.
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