TEMPO.CO, Jakarta - Jakarta Youth and Sports Agency have proposed a budget reaching Rp934 billion in the city’s draft regional budget (APBD) 2020 to host the world’s eco-friendly race for electric cars, Formula E.
“We propose funding for the operational cost and the insurance fee,” said the agency head Firdaus during a meeting on the city’s draft budget in the Commission E of Jakarta Legislative Council or DPRD, Thursday, August 15.
Firdaus explained that the operational cost would amount to 22 million pound sterling or some Rp378 billion and the insurance fee would be 35 million euro or Rp556 billion.
The agency also prepared a budget of Rp600 million to disseminate the event by establishing a pre-event, 2019 Jakarta Fun Race.
In addition, Jakarta has earmarked Rp360 billion in the 2019 revised regional budget for the commitment fee of the capital city as the host. Therefore, the total budget plan to host Formula E values up to Rp1.3 trillion.