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Jakarta Post

Several Jakarta-owned companies leave capital injections untouched: Official

  • News Desk

    The Jakarta Post

Jakarta   /   Thu, November 15, 2018   /   02:29 pm
Several Jakarta-owned companies leave capital injections untouched: Official The Jakarta Council's budget committee discusses the revised 2018 state budget at the council's building in Central Jakarta on Aug. 29. (kompas.com/Nursita Sari)

Several city-owned companies have left some of the funds granted to them through the city budget untouched for years, Jakarta city secretary Saefullah has revealed.

He said the companies had requested capital injections for projects, but had yet to start them.

“There are 10 companies [with unused capital injections], so there is about Rp 4.4 trillion [US$297.76 million] left unused,” Saefullah said on Wednesday, kompas.com reported.

“About Rp 2.6 trillion [of the projects] are in progress, according to their proposals, while some are in the procurement process,” Saefullah said.

He said city-owned PT Jakarta Propertindo (Jakpro) would return its capital injections of Rp 650 million to the city administration. The capital had been granted in 2013 for JakPro to acquire private water company PT Pam Lyonnaise Jaya (Palyja).

Furthermore, Rp. 1.8 trillion was unused with no attached plans.  

He said the city had yet to provide the legal basis for redistributing the unused capital injections.

“We will discuss it [with Jakarta Council’s budget committee],” he added.

According to the city administration’s evaluation and monitoring website, publik.bapedadki.net, as of Nov. 15, only 55 percent of the city budget, Rp 41.39 trillion, had been used, from the total Rp 75.09 trillion.

Saefullah said funds had been left untouched because some projects had failed to procure contractors on time, causing delays. (ami)