Lupa Kata Sandi? Klik di Sini

atau Masuk melalui

Belum Memiliki Akun Daftar di Sini


atau Daftar melalui

Sudah Memiliki Akun Masuk di Sini

Konfirmasi Email

Kami telah mengirimkan link aktivasi melalui email ke rudihamdani@gmail.com.

Klik link aktivasi dan dapatkan akses membaca 2 artikel gratis non Laput di koran dan Majalah Tempo

Jika Anda tidak menerima email,
Kirimkan Lagi Sekarang

Jakarta-Bandung High-Speed Rail Project Cost Overruns; KAI Explains

1 September 2021 19:29 WIB

TEMPO.CO, JakartaState-run railway operator PT KAI's Director of Finance and Risk Management, Salusra Wijaya, revealed the main cause of the over budget in the Jakarta-Bandung high-speed rail project.

He said it was mainly due to the cost overrun on the contruction project (EPC) and land acquisition. According to Salusra Wijaya, the land acquisition process was quite difficult given the long route of the railway and passing through commercial areas.

“Several industrial areas are also relocated, so it is quite costly,” said Salusra in a meeting with the House of Representatives' (DPR) Commission VI on Wednesday, September 1.

The over-budget was also attributable to the financing costs. The delay of the high-speed rail project caused the financial burden in the form of interest during the construction to rise. Besides, the head office and pre-operation costed more than they should.

“Due to the delay of this project, the operating cost and other costs increased. This is also quite tough because the 142-kilometer long route requires a strong signal so this is highly costly to maintain the safety and security standard,” Salusra underlined.

In detail, the increase in EPC cost was estimated at US$0.6 billion to US$1.2 billion, land acquisition costs at US$0.3 billion, head office and pre-operation costs at US$0.2 billion, funding cost at US$ 0.2 billion, and other costs at US$ 0.05 billion.

Thus, the estimated cost overrun at the Jakarta-Bandung high-speed rail project was around US$1.4 billion to US$1.9 billion or equal to around Rp27.17 trillion, from the initial plan of US$6.07 billion. The consortium of state-owned companies is predicted to bear Rp4.1 trillion due to the cost overrun.

“From the calculation, this is what we propose to the government to be fulfilled through PMN (state capital injections),” Salusra concluded.

Read: KCIC Talks of Jakarta-Surabaya Fast Train

CAESAR AKBAR



Thunderstorm Early Warning Issued for Greater Bandung This Weekend: BMKG

1 jam lalu

Thunderstorm Early Warning Issued for Greater Bandung This Weekend: BMKG

Rains are expected to drench the Greater Bandung area over this weekend, Dec. 1-3, according to the BMKG.


Indonesia Announces Cost of 2024 Hajj Pilgrimage Raised to Rp 93.4 Million

3 hari lalu

Indonesia Announces Cost of 2024 Hajj Pilgrimage Raised to Rp 93.4 Million

The Indonesian government and the DPR Commission VIII have reached an agreement to increase the cost of the 2024 hajj pilgrimage to Rp93.4 million.


GIIAS Bandung 2023 Records 30,000 Visitors in Five Days

3 hari lalu

GIIAS Bandung 2023 Records 30,000 Visitors in Five Days

GIIAS Bandung was held for the first time on Nov. 22 to 26, 2023, at Sudirman Grand Ballroom.


KCIC: Whoosh High-Speed Train Boosts Bandung Tourism

4 hari lalu

KCIC: Whoosh High-Speed Train Boosts Bandung Tourism

Whoosh high-speed train positively impacted tourism in Bandung and its surrounding areas, according to PT KCIC.


ESDM Ministry Rejects House Proposal for New Renewable Energy Fund Management Agency

11 hari lalu

ESDM Ministry Rejects House Proposal for New Renewable Energy Fund Management Agency

Arifin Tasrif rejected DPR's proposal to create a new renewable energy (NRE) fund management agency, set to be included in the NRE Bill.


GIIAS Bandung 2023 Kicks Off Next Week; Ticket Price Starts at Rp15,000

14 hari lalu

GIIAS Bandung 2023 Kicks Off Next Week; Ticket Price Starts at Rp15,000

The automotive exhibition Gaikindo Indonesia International Auto Show (GIIAS) The Series 2023 will debut in Bandung City, West Java.


18 KPPU Candidates Undergoing Fit and Proper Test with DPR's Commission VI

17 hari lalu

18 KPPU Candidates Undergoing Fit and Proper Test with DPR's Commission VI

There are 18 candidates for KPPU members who will be asked to present their vision and mission during the test stage.


Religious Affairs Ministry Proposes Hike in Hajj Cost to Rp105mn

17 hari lalu

Religious Affairs Ministry Proposes Hike in Hajj Cost to Rp105mn

Religious Affairs Minister Yaqut Cholil Qoumas proposes to raise the cost of the hajj pilgrimage (BPIH) to Rp105 million in 2024.


House Urges Drafting of Food Waste Bill

21 hari lalu

House Urges Drafting of Food Waste Bill

The House of Representatives (DPR) encouraged the drafting of a bill on food waste and food loss.


Mahfud MD: Probe into Finance Ministry's Rp349tn Suspicious Transactions Still Ongoing

30 hari lalu

Mahfud MD: Probe into Finance Ministry's Rp349tn Suspicious Transactions Still Ongoing

Coordinating Minister Mahfud MD said efforts to uncover Rp349 trillion worth of illicit transactions at the Finance Ministry are continuing.