Tuesday, September 27, 2011

PT KAI seeking IDR7 trilion loan

Indonesia’s state owned railway operator PT Kereta Api Indonesia is seeking for IDR7 trillion of fund, to develop greater Jakarta and Soekarno Hatta airport railways.
President Director of Kereta Api Indonesia (KAI) Ignasius Jonan said it will use IDR5 trillion of the amount to increase the capacity of trains operated in Jakarta, Bogor, Depok, Tangerang, and Bekasi (Jabodetabek) from 400,000 passengers per day to 1.5 million.
The remaining IDR2 trillion will be used to finance airport railway project. The project would comprise a 7-kilometer track connecting Tanah Tinggi station in Tangerang and the Soekarno-Hatta international airport. It has already been connected to Manggarai station with a track developed by the Transportation Ministry.
If the new railway completed, the route which will be named the commuter line is going to connect Manggarai station, Sudirman, Tanah Abang, Duri, Grogol, Kalideres, Tanah Tinggi and Soekarno-Hatta Airport.
The government will add another 33-kilometer express line between Manggarai station and the airport, via Angke in West Jakarta and Pluit in North Jakarta.
Beside the airport railway in Jakarta, the company has also set aside IDR200 billion-IDR250 billion from its internal cash to establish airport railway in Kuala Namu, Medan, North Sumatera.

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