Indonesia Seeks Debt Relief from China for Whoosh Railway Project | Vantage with Palki Sharma | N18G #Firstpost
Indonesia Seeks Debt Relief from China for Whoosh Railway Project | Vantage with Palki Sharma | N18G
Indonesia is in talks with China to restructure debt linked to its $7.3 billion high-speed rail project, Whoosh — the first bullet train in Southeast Asia. Built under China’s Belt and Road Initiative, the Jakarta–Bandung line was launched in 2023 but is now operating at a loss, with low passenger numbers and high costs. Indonesia’s sovereign wealth fund, Danantara, is leading debt talks as the government rules out using public funds. China calls the project a success, but Indonesia’s losses highlight wider struggles, as countries from Zambia to Sri Lanka seek to renegotiate Chinese loans amid mounting repayment pressures.
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Indonesia News | Debt Relief Request | China Loans | Whoosh Railway Project | High Speed Rail Indonesia | Jakarta Bandung Railway | Economic News | Belt And Road Initiative | China Indonesia Relations | Firstpost | World News | News Live | Vantage | Palki Sharma | News
#indonesia #china #whooshrailway #debtrelief #firstpost #vantageonfirstpost #palkisharma #worldnews
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