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

Govt Rail Projects in Financial Problems

Translator

Editor

20 March 2017 09:06 WIB

President Joko Widodo with SOE Minister Rini Soemarno, Public Works and Housing Minister Basuki Hadimoeljono, Jakarta Governor Basuki Tjahaja Purnama, West Java Governor Ahmad Heryawan, and Director of Adhi Karya Kiswodarmawan inaugurated Stage 1 of the LRT project at the Taman Anggrek Toll Gate, Jakarta, September 9, 2015. Tempo/Aditia Noviansyah

TEMPO.CO, Jakarta - The government is facing financial problems with rail projects which include Greater Jakarta (Jabodetabek) light rail transit (LRT) worth Rp23 trillion. To prevent project delay, the government is currently revising the presidential regulation on light rail transit. “The revisions to the regulation will be concluded this month,” the Transportation Ministry official Prasetyo Boeditjahjono told Tempo yesterday, March 19.

The revised presidential regulation will see state-owned railway company PT Kereta Api Indonesia (Persero) assigned not only as an investor but also as the operator. The government’s decision was made in order not to burden the state budget (APBN) and to allow the project to continue.

The groundbreaking for the megaproject was carried out by the President in September 2015. The initial plan is to finance the project through the state budget. To speed up construction, state-owned construction firm PT Adhi Karya Tbk (ADHI) has been named the contractor.

The Transportation Ministry and ADHI had signed the project contract even though they had not listed the source of finance. However, the government has recently tightened the budget that has led to a halt to government-sourced funds. After almost two years, the light railway project is only 12 percent complete.

Aside from Jabodetabek light rail project, the government is also facing financial difficulty with Jakarta-Bandung bullet train project that cost US$5.1 billion or around Rp68.069 trillion. China Development Bank (CBD) had planned to finance 75 percent of the project. The project was inaugurated by President Joko Widodo in January 2016 and is expected to complete by 2019.

The CBD, however, has yet to disburse the funds, citing land clearing problem. “Rp2 trillion is needed for land clearing,” said Antonius Kosasih, financial director of state-owned construction company PT Wijaya Karya (Persero) Tbk (WIKA).

WIKA is among state-owned companies in the consortium PT Pilar Sinergi BUMN Indonesia (PSBI), who owns 60 percent of shares in PT Kereta Cepat Indonesia-China (KCIC). The other members of the consortium are PT Kereta Api Indonesia (KAI), state-owned toll road operator PT Jasa Marga (Persero) and state-owned plantation company PT Perkebunan Nusantara VII (Persero).

KCIC president director Hanggoro Budi Wiryawan said that the company will purchase 500 hectares of land in Karawang and Purwakarta owned by private companies and locals.

KCIC has urged all shareholders to chip in for the land clearance. The shareholders are four state-owned enterprises and a Chinese-owned consortium led by China Railway Corporation. WIKA said that it has already earmarked funds for the land clearing.

KAI financial director Didiek Hartantyo said that the company awaits the profit generated from asset utilization managed with state-owned property companies. The money will be used to finance land clearance for bullet train project.

KHAIRUL ANAM

https://koran.tempo.co/konten/2017/03/20/414378/Proyek-Kereta-Jokowi-Kesulitan-Dana



Bank Mandiri Ensures Safe Operation after Fire Hits Head Office

11 Agustus 2022

Bank Mandiri Ensures Safe Operation after Fire Hits Head Office

Plaza Mandiri building, which is the head office of state lender Bank Mandiri, caught fire in the early hours of Thursday, August 11, 2022.


Bank Indonesia Partners with Thailand to Prevent Money Laundering

5 April 2019

Bank Indonesia Partners with Thailand to Prevent Money Laundering

Bank Indonesia (BI) and Bank of Thailand (BOT) are collaborating to prevent money laundering and terrorism funding.


Sri Mulyani Tapped as Asia-Pacific Best Finance Minister

4 April 2019

Sri Mulyani Tapped as Asia-Pacific Best Finance Minister

Finance Minister Sri Mulyani Indrawati has again tapped as FinanceAsia's Asia-Pacific Best Finance Minister of 2019 for three consecutive years.


Ovo, Go-Pay Not a Threat to Banks, LPS Says

26 Maret 2019

Ovo, Go-Pay Not a Threat to Banks, LPS Says

In the end, both OVO and Go-Pay would have to place their money in banks too, LPS says.


LPS Reviews Guarantee e-Money, e-Wallet

15 Maret 2019

LPS Reviews Guarantee e-Money, e-Wallet

The Deposit Insurance Corporation (LPS) is reviewing the guarantee insurance for customers' e-money and e-wallet.


OJK Eases Rule on Bank Consolidation

12 Maret 2019

OJK Eases Rule on Bank Consolidation

The Financial Services Authority (OJK) will ease the rule on banks' single presence policy.


Jusuf Kalla: Future of Banking Industry is Consolidation

27 Februari 2019

Jusuf Kalla: Future of Banking Industry is Consolidation

Jusuf Kalla predicts that Indonesia's bank industry is heading toward consolidation, either through mergers or acquisitions.


Mandiri Partners with Tokopedia, Bukalapak to Offer Digital Loan

27 Februari 2019

Mandiri Partners with Tokopedia, Bukalapak to Offer Digital Loan

Bank Mandiri assures that it will partner with two known e-commerce; Tokopedia and Bukalapak to introduce digital loan services.


Rupiah, JCI Weaken as BI Maintains 7DRR Rate

22 Februari 2019

Rupiah, JCI Weaken as BI Maintains 7DRR Rate

The Jakarta Composite Index (JCI) and the rupiah weakened on today's trade, February 22.


BRI: No Clients Affected by Bank Teller's Rp2.3 Bln Fraud

31 Januari 2019

BRI: No Clients Affected by Bank Teller's Rp2.3 Bln Fraud

Bank BRI assures that none of its clients are affected by the Rp2.3 billion embezzlement.