Many Investors Interested to Fund LRT
Reported by Erna Martiyanti | Translated by Rizky Mawardi
Jakarta Provincial Government will move the allocation of PT Jakarta Propertindo government equity for Light Rail Transit (LRT) development. There is Rp 4.4 trillion budget in the last two years.
Just ask to financing big players
LRT development needs budget Rp 4.5 trillion up to Rp 5 trillion. PT Jakpro will cooperate with third party to cover the budget shortage.
Satya Heraghandi, PT Jakpro Director, admitted has no worry with budget shortage for LRT project. According to him, many abroad and local consortium companies are ready to join.
Jakpro PMP Focused on LRT“Just ask to financing big players,” he said, Wednesday (6/8).
Jakarta Provincial Government must propose permit to city council before moving the equity. The equity movement will not change the existing bylaw (perda).
First stage of LRT will construct Kelapa Gading-Velodrome (East Jakarta) lane by six kilometers. Jakpro will join with Korean Rail Network Authority (KRNA). The project’s groundbreaking is slated on June 22, 2016.
