China-backed Whoosh rail locks Indonesia in a financial bind

China-backed Whoosh rail locks Indonesia in a financial bind

Indonesia’s Jakarta–Bandung high-speed rail, known as Whoosh, was launched as a statement of national ambition—proof that Southeast Asia’s largest economy could adopt cutting-edge transport infrastructure. Yet as operations continue, the project now faces a deeper test: a complex financial burden that has placed Indonesia in a delicate policy dilemma, one that demands both prudence and […] The post China-backed Whoosh rail locks Indonesia in a f…

China’s Financing Model for Whoosh Rail Triggers Debt Sustainability Debate in Indonesia: Ambition Meets Financial Reality

Indonesia’s Jakarta–Bandung high-speed rail, known as Whoosh, was inaugurated with the ambition of projecting the country into a new era of modern infrastructure. As Southeast Asia’s first high-speed rail system, it symbolized Indonesia’s rise as a regional economic heavyweight capable… The post China’s Financing Model for Whoosh Rail Triggers Debt Sustainability Debate in Indonesia: Ambition Meets Financial Reality appeared first on The Asia Li…