City Proposes Additional PMP for PT Jakpro

City Administration has proposed additional government investment (PMP) to PT Jakarta Propretindo (Jakpro) for the national strategic project of three venues of 2018 Asian Games. It was listed in 2017 APBD-P's General Policy for City Budget Priorities and the Tentative Budget Platform (KUPA-PPAS).

Principally the local loan can be realized. Because it has no legal protection, we prefer to choose PMP

Jakarta BPKD Acting Head, Michael Rolandi said, the city previously had a plan to give local loan schemes on PT Jakpro in completing the project of Pulomas Equestrian Park, Bike Race Stadium and Kelapa Gading-Rawamangun LRT. But it had no legal protection, so it was cancelled.

Council Committed to Ensuring Additional PMP for Asian Games Project

"Principally the local loan can be realized. Because it has no legal protection, we prefer to choose PMP," he stated, Tuesday (8/8).

In 2015, he had budgeted Rp 1 trillion and was realized in 2016. Then, he continued to allocate Rp 1.2 trillion to be disbursed this year.

"We plan to add the nominal up to Rp 3.46 trillion. So, it will be totally Rp 4.662 trillion in 2017 APBD-P," he disclosed.