Business Feasibility Study of the Indonesia-China High-Speed Rail Project

Authors

  • Yoeyong Rahsel Institut Bakti Nusantara, Lampung, Indonesia
  • Andino Maseleno Institut Bakti Nusantara, Lampung, Indonesia

DOI:

https://doi.org/10.38035/sjam.v3i3.883

Keywords:

Business Feasibility, Project Analysis

Abstract

The Indonesia-China High-Speed Rail Project is a strategic national infrastructure project operated by PT KCIC, a joint venture between a consortium of Indonesian state-owned enterprises (PSBI) and China Railway International. Although it promises modern connectivity with a travel time of 40 minutes, the project faces a major challenge in the form of cost overruns from the initial estimate to approximately US$7.27 billion (around Rp118.37 trillion). This study aims to evaluate the business viability of a post-operational project, focusing on financial aspects (profitability), economic aspects (social impact), and an analysis of investment risks resulting from construction delays and debt burdens.

References

Badan Pusat Statistik. (2023). Statistik Transportasi Indonesia.

Ekonomi Transportasi. Literatur mengenai dampak transportasi terhadap ekonomi. Husein Umar. (2005). Studi Kelayakan Bisnis. Jakarta: Gramedia Pustaka Utama. Kasmir. (2017). Studi Kelayakan Bisnis. Jakarta: Raja Grafindo Persada.

Kementerian Badan Usaha Milik Negara Republik Indonesia. (2022). Proyek Strategis Nasional dan Infrastruktur.

Kementerian Perhubungan Republik Indonesia. (2023). Proyek Kereta Cepat Jakarta–Bandung.

Manajemen Keuangan. Literatur mengenai analisis kelayakan finansial.

PT Kereta Cepat Indonesia China. (2023). Profil Perusahaan dan Operasional Kereta Cepat Jakarta–Bandung.

Suliyanto. (2010). Studi Kelayakan Bisnis. Yogyakarta: Andi Offset. World Bank. (2020). Infrastructure Development and Economic Growth.

Downloads

Published

2025-12-25

How to Cite

Rahsel, Y., & Maseleno, A. (2025). Business Feasibility Study of the Indonesia-China High-Speed Rail Project. Siber Journal of Advanced Multidisciplinary, 3(3), 164–172. https://doi.org/10.38035/sjam.v3i3.883

Issue

Vol. 3 No. 3 (2025): (SJAM) Siber Journal of Advanced Multidisciplinary (October - December 2025)

Section

Articles

License

Copyright (c) 2025 Yoeyong Rahsel, Andino Maseleno

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Copyright :

Authors who publish their manuscripts in this journal agree to the following conditions:

  1. Copyright in each article belongs to the author.
  2. The author acknowledges that the Siber Journal of Advanced Multidisciplinary (SJAM) has the right to be the first to publish under a Creative Commons Attribution 4.0 International license (Attribution 4.0 International CC BY 4.0).
  3. Authors can submit articles separately, arrange the non-exclusive distribution of manuscripts that have been published in this journal to other versions (for example, sent to the author's institutional repository, publication in a book, etc.), by acknowledging that the manuscript has been published for the first time at SJAM.

Most read articles by the same author(s)