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Finance Ministry approves Greater Bandung LRT project
West Java acting governor Bey Triadi Machmudin confirmed that the Finance Ministry has approved the construction of the Greater Bandung Light Rail Transit (LRT) project after a meeting between the two parties on Monday.
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Passengers wait for a Greater Jakarta light rail transit (LRT) train at Dukuh Atas Station in Setiabudi, Jakarta on Dec. 21, 2023. The Finance Ministry has approved the construction of the Greater Bandung LRT project, West Java acting governor Bey Triadi Machmudin said on Feb. 19, 2024. (Antara/Rifqi Raihan Firdaus)
T
he Finance Ministry has approved the Greater Bandung Light Rail Transit (LRT) project following a meeting with the West Java provincial administration on Monday, acting governor Bey Triadi Machmudin has said.
Bey said both the ministry and state-owned infrastructure financing firm PT Sarana Multi Infrastruktur (SMI) considered the project to be attractive for investors.
“This [project] is one which has sparked interest among investors,” Bey said in Bandung on Monday, as quoted by Kompas.com.
“Together with PT SMI and the Finance Ministry, we will soon decide what kind of packages will be offered.”
During Monday’s meeting, the ministry approved the building of two corridors for the LRT, the Babakan Siliwangi-Leuwipanjang route and Leuwipanjang-Tegalluar route.
All termini will be within Bandung city, except the one in Tegalluar which is in neighboring Bandung regency’s Cileunyi district.
The construction process will be run under a public-private partnership scheme involving the private sector with government guarantees.
