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Jakarta considering US$25 bln LRT proposal: Sandi

Friday, 05 January 2018 | Barratut Taqiyyah Rafie

KONTAN.CO.ID - JAKARTA. Jakarta Deputy Governor Sandiaga Uno has said that the city administration is considering an offer from PT Ratu Prabu Energi to develop a 200-kilometer light rail transit (LRT) project with a US$200 billion investment value.

“Today, Ratu Prabu Energi,  one of the largest business groups in Indonesia, visited us to offer a mature concept for the construction of 200-kilometer LRT project in Jakarta and surrounding cities,” Sandiaga said on Thursday at City Hall as reported by Antara.

He added that the project was a full business-to-business (B2B) scheme without government guarantee and would be implemented between 2020 and 2025.

“The project will involve investors from South Korea, China and Japan. We are happy because the proposal is a concrete measure for solving traffic congestion in the capital,” Sandiaga added.

Sandiaga said he was informed that Ratu Prabu Energi had already talked to the Greater Jakarta Transportation Body (BPTJ) and the Transportation Ministry about the project.

The city administration will carry out a comprehensive feasibility study on the project, Sandiaga said, adding that such a massive project would create many jobs and would help Jakarta have better public transportation.

Source : The Jakarta Post

Reporter: Barratut Taqiyyah Rafie
Editor: Barratut Taqiyyah Rafie