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City council approves Rp 360 billion budget to host Formula E
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Eco-friendly racers: Venturi Formula E drivers Felipe Massa (front) and Edoardo Mortara (back) pose during the presentation of the Venturi electric Formula E car for the 2018-2019 season in Monaco on Nov. 30. (Reuters/Eric Gaillard)
T
he Jakarta Council has approved Rp 360 billion (US$25.3 million) in funding for the city to host the Formula E race for electric cars in 2020. The city administration had proposed a budget of Rp 345.9 billion.
In response to the approval, Jakarta Governor Anies Baswedan said he would proceed with conducting comparative and feasibility studies to prepare for the event.
“From our preliminary study, hosting the Formula E will boost our economy by up to Rp 1.2 trillion. That will be for Jakarta alone,” Anies said on Wednesday, noting that pre-events, the main event and side events would also put Indonesia as a country in the spotlight.
Concurring with Anies, Jakarta Council Speaker Prasestyo Edi Marsudi said he was looking forward to the event.
“Maybe the Formula E could be a new source of income for the city, especially if we could make it regular, just like Singapore and Malaysia. [The city council] would not mind, as long as we have the budget,” he said.
“It wouldn’t be enough to hold it only once. There should also be F1 Indonesia, for example, from [the National Monument in Central Jakarta] to the Semanggi interchange,” he added.
No details were divulged as to how the funds for the event might be used.
