# Indonesia to Take 60% Control of China-Funded Whoosh Railway 2026-08-06T14:21:54+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Indonesia will take a controlling 60% stake in PT KCIC, operator of the $7.3 billion Whoosh high-speed railway linking Jakarta and Bandung, Finance Minister Purbaya Yudhi Sadewa said. Chinese state-owned firms will retain 40%. An agency under the finance ministry will acquire the stake and repay the project’s outstanding loan without using the state budget, officials said. Danantara chief operating officer Dony Oskaria said the transaction would be completed by mid-September. The 142-kilometre railway has faced land acquisition, pandemic-related delays and cost problems. Officials did not disclose the stake’s value or the terms for transferring the loan. ## Coverage - economictimes.indiatimes.com Tags: China funding, debt, Indonesia, infrastructure, Whoosh railway Canonical: https://indianopinion.org/indonesia-to-take-60-control-of-china-funded-whoosh-railway/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/indonesia-to-take-60-control-of-china-funded-whoosh-railway/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.