Analysts said the deficit may continue for decades and will likely affect the state-owned enterprises behind the project. — The Jakarta Post
JAKARTA: The Jakarta-Bandung high-speed railway, dubbed Whoosh, is expected to face a deficit of 3.15 trillion rupiah (US$200mil) in its first year of operation, according to a December 2023 financial projection seen by The Jakarta Post.
The projection also shows that Kereta Cepat Indonesia China (KCIC), the consortium responsible for the project, is seeking to close the gap through what it calls cash deficiency support (CDS), which experts say will most likely come from bank loans.
