Financing Scheme for MRT Phase 3 and 4 Construction Involves Private Sector
Reported by Budhi Firmansyah Surapati | Translated by Maria Inggita
PT. MRT Jakarta (Perseroda) and the private sector have designed Phase 3 (East-West Line) and Phase 4. Of the total value, the private sector is targeted to absorb 40 percent of total financing.
Therefore, the East-West line and Phase 4 are sought from private funding of 40 percent
PT. MRT Jakarta President Director William P. Sabandar mentioned that in the initial phase, namely Phase 1 and 2, the entire development relied on financial support from the government. So far, JICA as the government's partner had committed to completing Phase 1 and 2 financings.
"We have a case study from England's Elizabeth Line where there is the involvement of the private sector. Therefore, the East-West line and Phase 4 are sought from private funding of 40 percent," he stated, Thursday (6/30).
Japan Commits to Boost Construction of Phase 2 MRT JakartaHe explained that during a visit to England some time ago, his side also visited Crossrail International, which manages the Elizabeth Line in England. Elizabeth Line is a commuter line connecting the east and west of London.
He conveyed that the line construction was not all financed by the state. For example, the construction of stations and depots on the Elizabeth Line involves the private sector with the potential benefits offered.
The construction of Phase 3 (East-West Line) has a length of about 87 kilometers from Balaraja to Cikarang. He estimated that the construction budget to reach Rp 160 trillion.
Meanwhile, Phase 4 (Fatmawati-TMII) has a length of about 12 kilometers with an estimated budget of around Rp 22-30 trillion.
"In addition to England, we also visited France, Luxemburg, and South Korea, outside of Japan. The response has been very good," he said. the overall value, private sector is targeted to absorb up to 40 percent of total financing.
PT. MRT Jakarta President Director William P. Sabandar mentioned that in the initial phase, namely Phase 1 and 2, the entire development relied on financial support from the government. So far, JICA as the government's partner had committed to completing Phase 1 and 2 financings.
"We have a case study from England's Elizabeth Line where there is the involvement of the private sector. Therefore, the East-West line and Phase 4 are sought from private funding of 40 percent," he stated, Thursday (6/30).
He explained that during a visit to England some time ago, his side also visited Crossrail International, which manages the Elizabeth Line in England. Elizabeth Line is a commuter line connecting the east and west of London.
He conveyed that the line construction was not all financed by the state. For example, the construction of stations and depots on the Elizabeth Line involves the private sector with the potential benefits offered.
The construction of Phase 3 (East-West Line), he added, has a length of about 87 kilometers from Balaraja to Cikarang. He estimated that the construction budget to reach Rp 160 trillion.
Meanwhile, Phase 4 (Fatmawati-TMII) has a length of about 12 kilometers with an estimated budget of around Rp 22-30 trillion.
"In addition to England, we also visited France, Luxemburg, and South Korea, outside of Japan. The response has been very good," he said.
