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

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

Yoeyong Rahsel (Institut Bakti Nusantara, Lampung, Indonesia)
Andino Maseleno (Institut Bakti Nusantara, Lampung, Indonesia)

Article Info

Publish Date
25 Dec 2025

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.

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Journal Info
Siber Journal of Advanced Multidisciplinary
Website

Abbrev

SJAM

Publisher

Siber Nusantara Publisher

Subject

Humanities Economics, Econometrics & Finance Engineering Health Professions Law, Crime, Criminology & Criminal Justice Materials Science & Nanotechnology

Description

Siber Journal of Advanced Multidisciplinary (SJAM) is a journal devoted to the publication of scientific articles published by Siber Nusantara Research and under the umbrella of the Yayasan Sinergi Inovasi Bersama (SIBER) and published 4 times a year, namely April, July, October, and January. SJAM ...