Posted in: Whoosh

The Whoosh debt debacle: what the need for speed will cost Indonesia

Analysis, Economy, Infrastructure, Policies, Whoosh

Intended to symbolise Indonesian national pride when it began operations in October 2023, Whoosh has a speed of 350 kilometres per hour and a massive price tag of over US$7 billion, funded by Chinese state-owned finance providers. Indonesia’s Whoosh debt now amounts to US$5.4 billion (75 percent of total project costs), triggering criticism across the country and a corruption investigation.

Indonesia at Melbourne is supported by:

Melbourne Law School Asia Institute Centre for Indonesian Law, Islam and Society Indonesia Forum Faculty of Arts Indonesia Democracy Hallmark Research Initiative

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Date created: 1 July 2015

Editor: Ary Hermawan

Editorial board:
Professor Tim Lindsey
Dr Tim Mann
Aron Corbett

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