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View all search resultsAfter a meeting with the President on Wednesday, Coordinating Economic Minister Airlangga Hartarto announced that the cost of the second phase of the MRT expansion has increased by 15.5 percent from its initial estimation to Rp 26 trillion (US$2.5 billion).
The system's operator, PT. MRT Jakarta, held a signing ceremony Tuesday in the Indonesian capital to award the 4.6 trillion rupiah ($316 million) contract to a joint venture between Sumitomo Mitsui Construction and Indonesian state-owned firm PT. Hutama Karya.