Senin, 7 Sya'ban 1439 / 23 April 2018

Senin, 7 Sya'ban 1439 / 23 April 2018

Sandiaga says Jakarta LRT's investment value US$25 billion

Jumat 05 Januari 2018 07:00 WIB

Red: Reiny Dwinanda

Light Rail Transit (LRT) project at Jakarta - Cikampek toll road, Bekasi, West Java, on December 26, 2017.

Light Rail Transit (LRT) project at Jakarta - Cikampek toll road, Bekasi, West Java, on December 26, 2017.

Foto: Republika/Putra M. Akbar

REPUBLIKA.CO.ID, JAKARTA -- Jakarta's Vice Governor Sandiaga Salahuddin Uno stated that the city administration was ready to build a world-class Light Rail Transit (LRT) through a cooperation with private sectors with an investment value of US$25 billion.

"We have a group of Ratu Prabu Energi, one of the big business in Indonesia that brought a settled concept to build more than 200 kilometers additional LRT in Jakarta and surrounding areas," Sandiaga said here on Thursday.

The Vice Governor expected that the total investment on this project was about US$25 billion and it would be built in five years from 2020 to 2025. The total funds raised is about Rp320 trillion (US$ 23,8 billion).

Also read: Two infrastructure project funding schemes set as model

"This is a full business to business concept with no government support in providing guarantees and involves Korean, Chinese and Japanese investors. And we are very happy because this is a very concrete proposal to solve congestion problem in the capital city," Sandiaga said.

He said PT Ratu Prabu Energi has coordinated with BPTJ (the Transportation Management Agency of Jakarta) and the Ministry of Transportation. The project plan will continue to be developed and a comprehensive study will be conducted during the project.

"This project will ensure that Jakarta will have a rail-based transport that is similar to major cities abroad," Sandiaga added.

 

Sumber : Antara
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