MRT Jakarta: Loan Agreement Phase II Targeted Before Ratification of APBN 2019

Jakarta -PT Mass Rapid Transit Jakarta hopes that the loan agreement for corridor I phase II of the Hotel Indonesia – Kampung Bandan bundaran can be implemented next month.

Finance Director of PT MRT Jakarta Tuhiyat said there are some considerations that must be considered by the central government and the city government related activities.

“We are targeting a loan agreement signed in May, specifically before the approval of APBN [state budget and expenditure] 2019. Even if it could be before May is better,” he said when contacted by Bisnis on Sunday (1/4/2018).

According to him, this should be done because President Joko Widodo has asked the Provincial Government of DKI and PT MRT Jakarta to perform the grounding or groundbreaking phase II Roundabout HI-Kampung Bandan at the end of 2018.

Thus, the budget for the construction of the facilities and infrastructure of the route which takes a fund of Rp22.5 trillion should be included in the 2019 state budget. The government can not wait until the APBN changes because it can only be executed next year.

“This is a critical moment due to the signing of the loan agreement concurrent with the closing of the 2019 State Budget. We hope this can be implemented even though the phase II design has not been fully executionable,” he said.

If the Japan International Cooperation Agency (JICA) and the government have signed a loan agreement, the next stage of the Ministry of Transportation and the Ministry of Finance will prepare the script for the issuance of grant loans and loan forwarding scripts.

According to him, the document can be ratified within 3-4 months after the loan agreement. Thus, new loan funds can be used in September-October 2018.

“If all these stages have not been resolved, we can not do groundbreaking by the end of this year, hopefully everything will be smooth and there will be no obstacles,” said Tuhiyat.

As is known, PT MRT Jakarta has been approved by the City Council to get a loan of Rp25.1 trillion.

The fund is used for the construction of phase II MRT HI Roundabout route – Kampung Bandan of Rp22.5 trillion and the cost of variatons order and price adjustment phase I amounting to Rp2, 56 trillion. Approval was given by DPRD DKI on Friday (8/25/2017).

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Written by DI

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