Bali's first light rail transit (LRT) system will involve investors from South Korea and Indonesia, Transportation Minister Budi Karya Sumadi said on Monday in Jakarta.
ali's first light-rail transit system will involve investors from South Korea and Indonesian parties, Transportation Minister Budi Karya Sumadi said on Monday in Jakarta, adding that there are currently no investors from China joining the project.
"There are two [investors], from [South Korea and from within the country]," Budi said to House of Representative Commission V, which oversees public works and transportation, at the House complex in Senayan, as quoted by Kompas.
The minister emphasized that the government was open to all investors interested in the Bali LRT project. "As far as I know, Korea is still on board, and there are also some local investors who are interested. The more investors we have, the better," he said.
The LRT project, part of the larger Bali Urban Railway development plan, marks the island's first rail-based public transit initiative.
The overall project aims to connect several key locations on the island, including I Gusti Ngurah Rai International Airport, Seminyak, Canggu, Nusa Dua, Sanur and Ubud. It will be carried out in four phases, with the total cost estimated at US$20 billion.
Phase 1 will cover a 16-kilometer route from I Gusti Ngurah Rai Airport to Kuta Central Park, Seminyak, Berawa and Cemagi. Phase 2 will extend 13.5 km from I Gusti Ngurah Rai Airport to Jimbaran, Udayana University and Nusa Dua.
The initial stage, phase 1A, involves constructing a 6.04-km underground LRT track from I Gusti Ngurah Rai to Jl. Sunset in Kuta, with an expected cost of $876 million.
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