Indonesian high-speed railway’s debts spark debate over who should pay the bill

Indonesia is pushing back against calls to tap the state budget to cover mounting debt from its China-backed high-speed railway, while Beijing has signalled it is open to repayment restructuring talks to ensure the line remains operational.
The dispute over who should shoulder the debt highlights deeper concerns about the project’s long-term viability, the role of Indonesia’s sovereign wealth fund and whether the current financing model risks setting a troubling precedent for future…