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



Workers in 38 Provinces to Take Turns Protesting Job Creation Law Next Week

3 hari lalu

Workers in 38 Provinces to Take Turns Protesting Job Creation Law Next Week

Labor Party President Said Iqbal announces that hundreds of thousands of workers are set to hold demonstrations against Job Creation Law.


Jakarta-Bandung High-Speed Rail Undergo Increased Speed Test

3 hari lalu

Jakarta-Bandung High-Speed Rail Undergo Increased Speed Test

The Jakarta - Bandung High-speed Rail speed test has been increased from an average of 60 km/h speed up to 180 km/h.


West Bandung Regent Reported to KPK

15 hari lalu

West Bandung Regent Reported to KPK

West Bandung Regent Hengky Kurniawan was reported to the KPK for suspected abuse of authority.


BSI Director: All Banking Services Return to Normal

16 hari lalu

BSI Director: All Banking Services Return to Normal

Director of Indonesia's largest sharia bank BSI Hery Gunardi stated that all banking services have returned to normal today, May 11.


KompasTV High-Speed Rail Debt Coverage Legal Row Hints at Intimidation: Press Council

17 hari lalu

KompasTV High-Speed Rail Debt Coverage Legal Row Hints at Intimidation: Press Council

KompasTV found itself being the subject of a lawsuit filed by a Youtuber over news coverage on the debt of the KCIC High-Speed Railway project.


Dry Season; BMKG Bandung Warns of UV Radiation Between 10 am and 4 pm

30 hari lalu

Dry Season; BMKG Bandung Warns of UV Radiation Between 10 am and 4 pm

Ahead of the dry season in Greater Bandung, BMKG warned of dangerous ultraviolet radiation from sunlight besides the potential for drought and others.


Economist Speaks of High-Speed Railway Project Deal with China

30 hari lalu

Economist Speaks of High-Speed Railway Project Deal with China

The government should intensify negotiations with China in the Jakarta-Bandung High-Speed Railway project, says the CELIOS economist.


House Urges BPOM to Test Indomie Instant Noodles Recalled by Taiwan

31 hari lalu

House Urges BPOM to Test Indomie Instant Noodles Recalled by Taiwan

One of the instant noodles produced in Indonesia, Indomie, specifically the special chicken flavor, was recalled by the Taiwan authorities on Tuesday.


BMKG Issues Extreme Weather Alert for West Java

32 hari lalu

BMKG Issues Extreme Weather Alert for West Java

BMKG declared an extreme weather alert for Bogor, Depok, Bekasi, Sukabumi, Karawang, Ciamis, and Banjar City on Tuesday, April 25.


Greater Bandung Likely Faces Clean Water Shortage as Dry Season Will Come Drier

32 hari lalu

Greater Bandung Likely Faces Clean Water Shortage as Dry Season Will Come Drier

The Meteorology, Climatology, and Geophysics Agency (BMKG) forecasted that this year's dry season will be drier than its climatological conditions.