PT MRT Jakarta names new

PT Mass Rapid Transit (MRT) Jakarta general shareholders meeting (RUPS) appointed new directors to lead the consortium on Friday, according to an official.
Jakarta Investment and Promotion Agency (BPMP) head Catur Laswanto said on Friday that the meeting had agreed to replace the whole board of directors because most of them had finished their tenures last month.

"The meeting appointed Dono Boestami as the new president director," Catur said.Dono, who replaced Tribudi Raharjo, was previously the CFO of Indonesia Infrastructure Finance.

The meeting, which lasted for about 30 minutes in the Sari Pan Pacific Hotel in Central Jakarta, also saw Muhammad Nasir appointed the new construction director, replacing Wahyu Subagyo Yusuf; Albert Tara appointed the operational director replacing Rachmadi; and Tuhiyat appointed the finance director, replacing Erlan Hidayat who served as PT MRT Jakarta finance director for only 10 months.
Both Nasir and Albert were high-ranking officials with state-owned railway operator PT KAI, while Tuhiyat was the treasury head of state-owned mining company PT Antam.
"We replaced all the directors to refresh PT MRT. The new directors have to implement all of the [MRT's] development stages. The city administration is giving the new directors a chance to work on the existing agenda," Catur said.
All of the outgoing directors, except Rachmadi who was currently performing a minor haj in Saudi Arabia, attended the meeting. The city administration as the majority shareholder was represented by Hasan Basri, the Jakarta administration's secretary's assistant for the economy.
Jakarta Governor Joko Widodo had earlier said that the Jakarta administration would immediately start the construction of the MRT as part of its grand plan to beat the capital's frustrating gridlock.
The first MRT track, set to connect Lebak Bulus in South Jakarta and the Hotel Indonesia traffic circle in Central Jakarta, will have six underground stations, seven elevated stations and is planned to serve around 173,420 passengers per day.
The cost for the first phase of the 15.7-kilometer-long MRT will be partially funded by a ¥ 120 billion soft loan from the Japan International Cooperation Agency (JICA). (dic)

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