Purbaya Responds to Jokowi’s Whoosh Statement
- * Key People: * Purbaya Yudhi Sadewa: Minister of Finance, responding to Jokowi's views.
- * Project Focus: The Jakarta-Bandung Fast Train project,also known as Whoosh (and previously KCJB).
- * Jokowi's View: Whoosh isn't just about making money.It's about: * Reducing traffic congestion in Jakarta and Bandung (estimated cost of congestion: IDR 100 trillion/year).
Hear’s a breakdown of the relevant facts from the provided text:
* Key People:
* Purbaya Yudhi Sadewa: Minister of Finance, responding to Jokowi’s views.
* Joko Widodo (Jokowi): 7th President, stated the Jakarta-Bandung Fast Train project (Whoosh) should be measured by social benefits and also financial profits.
* Project Focus: The Jakarta-Bandung Fast Train project,also known as Whoosh (and previously KCJB).
* Jokowi’s View: Whoosh isn’t just about making money.It’s about:
* Reducing traffic congestion in Jakarta and Bandung (estimated cost of congestion: IDR 100 trillion/year).
* Reducing pollution.
* Increasing people’s productivity.
* Saving time.
* Having a social return on investment.
* Purbaya’s Response: Agrees with Jokowi, stating Whoosh has a regional progress mission. He believes the economic benefits will be greater if areas around stations and the train line are developed to stimulate local economies.
* Investment: The Whoosh project requires an investment of approximately US$7.2 billion.