TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Transjakarta becomes city-owned company

Transjakarta has officially been transformed into a city-owned company with a new board of directors and goals of improving service and reducing subsidies

Corry Elyda (The Jakarta Post)
Jakarta
Fri, March 28, 2014

Share This Article

Change Size

Transjakarta becomes city-owned company

T

ransjakarta has officially been transformed into a city-owned company with a new board of directors and goals of improving service and reducing subsidies.

The city bus service was previously run by the Jakarta Transportation Agency.

Governor Joko '€œJokowi'€ Widodo and city-owned property developer PT Jakarta Propertindo (Jakpro) signed the new company'€™s premises at City Hall into existence on Thursday. The governor also swore in the five members of its new board of directors.

Steve Kosasih, former finance director of state-owned forestry company Perum Perhutani, was sworn in as president director; Andi Patriota Wibisono of venture capital firm PT Bahana Artha Ventura as finance director; Sri Kuncoro '€” not Tri Kuncoro as reported previously '€” of state-owned train company PT KAI as general affairs and human resources director; Heru Herawan '€” not Heru Isnadi as reported previously '€” of PT KAI as operational director; and Wijanarko, also from PT KAI, as technical director.

Chaidier Patonnory was appointed as chairman of the board of trustees and Lindung Paido Tua Simanjuntak as a member.

'€œI hope that with the Transjakarta'€™s transformation into a city-owned company, the subsidy it runs on can be reduced gradually and finally phased out,'€ Jokowi said at the ceremony.

The governor, however, asked the new management not to raise the bus fare of Rp 3,500 (30 US cents).

The city administration has so far allocated around Rp 800 billion in subsidies to maintain the ticket price, which has not been raised in 10 years.

Jokowi said the initial capital for PT Transjakarta was Rp 1.5 trillion while Jakpro, which owns a 1 percent share, fronted Rp 10 billion.

The governor also said that the new management would not terminate cooperation with the nine companies operating Transjakarta buses, such as state-owned Perum Damri and PT Trans Batavia. Transjakarta has only 450 buses, 750 short of the estimated ideal number for Jakarta. Up to 350,000 people per day use Transjakarta.

New president director Steve Kosasih said his team would immediately study the real conditions of the Transjakarta before making any decisions.

'€œI cannot set any targets right now as our company has not yet been officially registered with the Law and Human Rights Ministry,'€ he said.

Steve said, however, that his ambition was to lure more people to take the buses and make Transjakarta the backbone of the city'€™s public transportation network.

{

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.