City Council to recommend additional MRT funds
The Jakarta Post
The Jakarta Council is prepared to recommend an increase in the MRT development budget after councilors visited the first phase of the project in Lebak Bulus, South Jakarta.
“When they asked us to [financially] support the project, we first needed to evaluate it ourselves because the requested amount is not small,” said City Council Speaker Prasetyo Edi Marsudi on Monday, as quoted by tribunnews.com
The first phase of the MRT project, connecting Lebak Bulus Terminal and the Hotel Indonesia Traffic Circle, requires an additional Rp 2.56 trillion (US$191 million) to expedite completion of the project. At present, around 75 percent of the first phase has been completed.
City-owned company MRT Jakarta recorded that available funds for the first phase of the project amounted to Rp 14.18 trillion, while it needs up to Rp 16 trillion.
In addition to increased funds for the first phase, the company has asked for an additional Rp 22.5 trillion for the second phase, which connects the HI Traffic Circle with Kampung Bandan. The MRT is targeted to be operational in March 2019.
The financing of the MRT project consists of 49 percent from the central government and the remaining 51 percent on loans from Japan International Cooperation Agency (JICA).
“We will hold a meeting with MRT Jakarta at city council headquarters soon to discuss details,” Prasetyo said. (wnd/yan)
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