Jakarta, Sept. 8 -- Indonesia's Ministry of Finance has sufficient internal resources to fulfill debt repayment obligations for the Whoosh Jakarta-Bandung high-speed rail project following a planned mid-September ownership transfer, an official said on Monday.

Speaking at the Presidential Palace, Finance Minister Purbaya Yudhi Sadewa stated that the government will not seek external investors to service the project's debt, as required capital will be drawn from state-owned enterprises operating under the ministry's purview.

"No, the money is already there," Purbaya said.

Under the restructuring plan, the ministry will acquire a 60 percent stake in PT Pilar Sinergi BUMN Indonesia (PSBI)-a consortium comprising state rail operator PT KAI...