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Indonesia faces fiscal dilemma over $7.27bn high-speed rail debt
Indonesia’s Jakarta–Bandung high-speed rail project, known as Whoosh, has cost an estimated $7.27bn (around IDR120.7 trillion), with 75% of the investment financed by debt from China, CNBC Indonesia reports. The operator, PT Kereta Cepat Indonesia China (KCIC), now faces mounting pressure to service both principal and interest payments. [...]