JAKARTA -(Dow Jones)- PT Mass Rapid Transport Jakarta Friday opened the tender for the construction of the first commuter rail line in the country, which is estimated to cost IDR15.5 trillion ($1.8 billion) an official said.
"This is for the construction of the first section, for which IDR12 trillion will be financed by JICA," Railway Director General Tunjung Inderawan told reporters, referring to the Japan International Cooperation Agency.
"Hopefully the construction can start this year and be completed by 2014," Inderawan added.
PT MRT Jakarta announced in several local newspapers Friday that the main contractors for the surface and underground sections of the rail line must be Japanese companies, while the subcontractors may be companies from any country.
Applications must be submitted by May 31, the company said.
Indonesia's capital badly needs a mass rapid transport system as its road network hasn't kept up with the growing number of cars. The city's notorious traffic jams are estimated to cause around IDR12.8 trillion in losses annually.
President Susilo Bambang Yudhoyono has also ordered a study into moving the capital to another area to help ease the chronic traffic problems.
-By Joko Hariyanto and I Made Sentana, Dow Jones Newswires; +62 21-39831277; i-made.sentana@dowjones.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.