TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsKAI seals Rp 2.38t to develop RI's railway sector
State-owned train operator PT Kereta Api Indonesia (KAI) and its subsidiary PT KAI Commuter Jabodetabek (KCJ) have secured a Rp 2
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
S
tate-owned train operator PT Kereta Api Indonesia (KAI) and its subsidiary PT KAI Commuter Jabodetabek (KCJ) have secured a Rp 2.38 trillion loan (US$196.07 million) with four state-run and privately owned banks to help develop the railway transportation system in the country.
The banks are PT Bank Nasional Indonesia (BNI), PT Bank Rakyat Indonesia (BRI), PT Bank Mandiri (Mandiri) and PT Bank Central Asia (BCA).
KAI financial director Kurniadi Atmosasmito said the loan would be used for a number of projects such as purchasing more train cars for PT KCJ, in a bid to increase the number of passengers it carries daily to 1.2 million people by 2019.
'The commuter line transports 600,000 passengers a day at the moment,' Kurniadi said on Monday as quoted by Antara news agency.
In order to reach the target, he said, the company needed to increase the number of train cars from the current 860 units to 1,440 units.
The company will also use the loan to expand many train stations across Jakarta and its greater area such as Bogor and Depok, both in West Java, so that each station can accommodate 10 cars per train.
Currently, most train stations can only accommodate eight cars per train, in some stations like Klender in East Jakarta they can only handle five cars per train.
'We need more cars and have to expand the train stations and develop the networks because the demand is increasing every year,' he added. (nfo)(+++)
