# Indonesia Whoosh high-speed rail operations and financing

> Live situation record from CLSTR: https://clstr.news/situations/indonesia-whoosh-high-speed-rail-operations-and-financing
> Updated: 2026-10-06T12:00:05.000Z. Sources: 12. Developments: 2.

The Whoosh high-speed rail service, connecting Jakarta and Bandung, has seen significant growth in foreign ridership, particularly from Malaysia. Data from early September 2026 indicates that Malaysian travelers represent approximately 42.8% of all foreign passengers since the service began operations.

In October 2026, the Indonesian government initiated a transfer of the project’s debt to the Ministry of Finance. This restructuring involves the state-backed investment agency Danantara acquiring the share portfolio of PT Pilar Sinergi BUMN Indonesia, which holds a 60% stake in the rail operator PT Kereta Cepat Indonesia China (KCIC).

## Timeline

### 2026-10-06: Danantara invests US$250 million in US energy firm HighPeak Energy

Danantara Investment Management is investing US$250 million in Texas-based HighPeak Energy to secure assets in the Permian Basin and facilitate energy technology transfers to Indonesia.

7 sources. https://clstr.news/cluster/indonesia-transfers-whoosh-high-speed-rail-debt-to-ministry-of-finance

### 2026-09-13: Whoosh high-speed rail sees surge in Malaysian tourists

Malaysian tourists represent the largest group of foreign passengers on Indonesia's Whoosh high-speed rail, accounting for over 42% of all foreign riders since the service began operations.

6 sources. https://clstr.news/cluster/whoosh-high-speed-rail-sees-surge-in-malaysian-tourists

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Cite as: Indonesia Whoosh high-speed rail operations and financing. CLSTR, https://clstr.news/situations/indonesia-whoosh-high-speed-rail-operations-and-financing