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Jakarta Post

US$450m from govt for MRT

  • Agnes Winarti

    THE JAKARTA POST,

JAKARTA   /   Fri, February 20 2009   /  10:49 am

The city administration will sign an agreement with the central government to receive US$450 million for the construction of the MRT project. “We hope to sign a $450 million grant agreement with the government by March. It will be the second package of a total of four loan packages for the MRT [Mass Rapid Transit] project,” Jakarta Governor Fauzi Bowo said Thursday after a meeting with the newly elected management board of PT MRT Jakarta (MRTJ). “We will review the project within a month,” said MRTJ newly assigned president director Tribudi Rahardjo, who was previously vice director of contractor firm Pembangunan Jaya Group. We will first summon consultants to evaluate the project’s progress and consider the possibility of speeding it up.” Recently, Fauzi said the city had held discussions with the central government, including the transportation minist...