PT. Jakarta Propertindo (Jakpro) proposes Rp 3.5 trillion for additional Government Equity Participation (PMP) in order to build Light Transit Rail (LRT).

We propose Rp 3.5 trillion for additional PMP. Hopefully we could get it from APBD-P

PT. Jakpro President Director, Satya Heragandhi said, additional PMP is proposed on Revision City Budget (APBD-P) 2017, considering LRT construction is targeted to finish in August 2018. 

"We propose Rp 3.5 trillion for additional PMP. Hopefully we could get it from APBD-P," he expressed, Sunday (7/9).

He said that his side has received PMP funds Rp 1.2 trillion. But it was considered not enough to cover the construction expense which requires budget up to Rp 6.8 trillion.   

"So, PMP that we propose on APBD-P is outside from Rp 1.2 trillion which has been appointed this year," he confirmed.

He explained, additional PMP is proposed to cover the previous funds shift of PMP 2016. Actually, it was appointed that his side will get Rp 2.95 trillion for PMP 2016 funds. But due to the shift, his side only received Rp 1 trillion.