Letter: Fate of monorail project
| Fri, 08/20/2010 10:33 AM
Transportation Minister Freddy Numberi has said the government will
begin to build the long-abandoned monorail project possibly in 2013
(Aug.12).
The key word here is “possibly”, which in reality can also be interpreted as “perhaps or maybe”.
Does anybody involved in this project really understand what “project
finance” is and what it takes to conclude a financing package, otherwise
known as the “financial close”? Was this project categorized as a Build
Operate Own (BOO), Build Operate Transfer (BOT), Build Lease Transfer
(BLT) or another type of contract?
At the end of the day, who is going to have legal responsibility, who is
going to pay for it, and how? Looks like the minister and the governor
neither know what they are talking about, nor how to get it done.
Please... get a financial advisor to provide proper advice. There are
plenty around, namely international banks located in Jakarta itself.
Razique
Jakarta
