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Jakarta Post
The Jakarta Post
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Central government supports $26b LRT project

  • News Desk
    News Desk

    The Jakarta Post

Jakarta | Mon, January 8, 2018 | 12:43 pm
Central government supports $26b LRT project Transportation Minister Budi Karya Sumadi (Antara/Wahyu Putro A)

Transportation Minister Budi Karya Sumadi has expressed support for a proposal from PT Ratu Prabu Energi to develop a 200-kilometer light rapid transit (LRT) project with a US$200 billion investment value in Jakarta.

“Actually, Ratu Prabu conveyed the plan to us a year ago. Basically, the government gives privates companies the opportunity to carry out investments,” Budi said during his visit to Tanjung Priok Port in North Jakarta on Sunday as reported by kompas.com.

The government welcomed any investments in the infrastructure project because the state allocated a limited amount of funds for infrastructure, he added.

However, Budi said Ratu Prabu had to submit a concrete proposal to ensure the project would be in line with the government's transportation master plan for the city.

Read also: Jakarta considering US$25 billion LRT proposal: Sandiaga

Last week, Jakarta Deputy Governor Sandiaga Uno said the city administration was considering Ratu Prabu's proposal.

He said the project would be a business-to-business scheme entirely without government guarantees and that it would be implemented between 2020 and 2025.

Sandiaga said the city administration would carry out a comprehensive feasibility study on the project. (bbn) 

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