State railway operator PT Kereta Api Indonesia (KAI) and city-owned transportation company PT MRT Jakarta have signed an agreement on the establishment of a joint venture company (JVC) to manage transportation in the Greater Jakarta. The cooperation is a follow up of President Joko Widodo’ direction to manage the integrated transportation mode by one authority.
The new entity will be 51 percent owned by MRT Jakarta and 49 percent by KAI, the parent company of commuter line operator PT Kereta Commuter Indonesia and airport train operator PT Railink.
Previously, central government officials announced that public transportation in Greater Jakarta would be managed under one authority led by the Jakarta administration. The entity will manage public transportation-related aspects, including fares and routes.
