Bogor, West Java, Oct. 11 -- Indonesia's Finance Minister Purbaya Yudhi Sadewa stressed that the State Budget will not be used to pay the debt of the Jakarta-Bandung high-speed railway managed by PT Kereta Cepat Indonesia China (KCIC).

He said the project's financing should be handled by sovereign wealth fund Danantara Indonesia, the super holding of state-owned enterprises (SOEs).

PSBI, a subsidiary of state-owned railway operator PT Kereta Api Indonesia (KAI), holds a 60 percent stake in KCIC.

"This should be handled by Danantara, which receives around Rp80 trillion (US$4.8 billion) annually in SOE dividends," Sadewa said on Friday.

He reiterated that the government will not bear the project's financial burden.

Danantara Chief Oper...