Indonesia Moves Forward With Train Stake Transfer
Indonesia continues plans to shift a majority stake in the Whoosh bullet train operator to state agencies despite missing a September target. The operator struggles with loan repayments while officials evaluate fiscal sustainability and debt options.
Indonesia is advancing a plan to transfer a 60% stake in the operator of a $7.3 billion bullet train to state agencies, despite missing a September deadline. The ownership shift follows a leadership change within the finance ministry that disrupted the original timeline. The restructuring involves absorbing project liabilities while balancing fiscal sustainability for the high-speed rail line.
