Business Feasibility Study of the Indonesia-China High-Speed Rail Project
DOI:
https://doi.org/10.38035/sjam.v3i3.883Kata Kunci:
Business Feasibility, Project AnalysisAbstrak
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.
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Hak Cipta (c) 2025 Yoeyong Rahsel, Andino Maseleno
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