Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>Indonesia>>Investment>>Jakarta LRT fare set at Rp 12,000
NEWS UPDATES Asean Affairs     April 26, 2017  






Jakarta LRT fare set at Rp 12,000

The fare for the Greater Jakarta’s light rail transit (LRT Jabodetabek) has been set at Rp 12,000 (90 US cents), a transportation official has said, with the assumption that the government is ready to heavily subsidize the service.

The LRT project is expected to be completed in 2019.

Head of Transportation Ministry’s railway worthiness department Jumardi said the fare had been discussed between representatives of the ministry and Maritime Coordinating Minister Luhut Binsar Pandjaitan.

“There were three choices: Rp 10,000, Rp 12,000 and Rp 15,000. During the discussion, we agreed to decide on Rp 12,000 for the LRT fare,” said Jumardi as reported by kompas.com on Tuesday.

He added that the government would still wait for documents from state-owned railway operator PT Kereta Api Indonesia (KAI) as an investor of the project.

The state will have to prepare a large subsidy for the project as the Cibubur-Cawang-Dukuh Atas railway, for example, would cost about Rp 40,000 per passenger.

The government is still revising the legal basis for the change in the project’s financing scheme.

Presidential Regulation No 65/2016 ruled that funds for the LRT project would come from the state budget. However, because of limited funds in the state budget, the financing scheme had to be altered.

The state can only contribute 30 percent of the original budget, while another 70 percent would come from bank loans.

The project is estimated to cost some Rp 27 trillion.



Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                          April 26, 2017 Subsribe Now !
• National Bank of Canada acquires 22% stake in Myanmar mobile money outfit Subcribe: Asean Affairs Global Magazine
• Jakarta LRT fare set at Rp 12,000
• Hun Sen touts relationship with Vietnam
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Ministry preps programs to boost cross-border tourism in Atambua
• Tra Vinh can become new trading centre: PM
Asean Analysis                  April 22 2017
• Asean Analysis  April 22, 2017
ASEAN Foreign Ministers' Washington Visit Provides Opportunity to Address Key Policy Concerns
Advertise Your Brand

Asean Stock Watch   April 25, 2017

• Asean Stock Watch-April 25, 2017
The Biweekly Update
• The Biweekly Update  April 22, 2017

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com