Category: Infrastructure
MRT Jakarta: A Tariff Impasse?
As we’ve reported before, mainstream media outlets were quick to announce the Jakarta Mass Rapid Transit (MRT) tariff scheme after the Chairman of the Jakarta Legislative Council (DPRD DKI) Prasetio Edi Marsudi shared with them the Rp8,500 number. The said tariff was the tariff from Lebak Bulus Station to Bundaran Hotel Indonesia Stations that the joint leadership meeting (Rapimgab) had supposedly agreed to. Not long after that, however, the Governor of Jakarta Anies Baswedan told the press that the Rp8,500 tariff was not the final tariff. Where are we with this debate?
Read MoreMRT Jakarta: Ticketing Issue (2)
On Monday (March 25), news broke that the Province Government of Jakarta (Pemprov DKI) and the Jakarta Legislative Council (DPRD DKI) had agreed on a tariff of 8,500 rupiah for Jakarta Mass Rapid Transit (MRT). By Tuesday (March 26), however, Governor Anies Baswedan told the press that the tariff set on Monday was not final. He later met with the Chairman of the DPRP DKI and a new tariff scheme suddenly appeared. So, do we have a final official tariff?
Read MoreMRT Jakarta: Ticketing Issue
President Joko “Jokowi” Widodo inaugurated the commercial operation of the Jakarta Mass Rapid Transit (MRT) on Sunday (Mar. 24). Jakartans can now use the service. Can they? The words on the news is that from today to the end of March, Jakartans can ride the MRT for free. They still have to buy the ticket card, but their credit will not be deducted. Tariffs will apply beginning on April 1. But what we’re hearing from people trying the service this morning, things are a bit more complicated.
Read MorePeople on the Move
The registration of lawmaker candidates came with a few surprises: the inclusion of the former commissioner of the Corruption Eradication Commission and now the Spokesperson of President Joko “Jokowi” Widodo Johan Budi Sapto Prabowo as a lawmaker candidate for PDIP; and the former of PKS’ Yusuf Supendi suddenly running as a PDIP cadre.
Read MoreTrans-Sumatra Progressed Well, Show Me The Money!
State-owned EPC firm Hutama Karya, assigned to develop trans-Sumatra toll road, reported further progress in some sections by April 6, 2018. Medan-Binjai in North Sumatra reached 86.23%, while Palembang-Indralaya in South Sumatra 84.64%. We anticipate delay in commercial operation of some sections, but overall they’re getting closer to completion.
Read MoreToll Road Investments
Shares of toll road developers and operators were among top gainers on Indonesia Stock Exchange (IDX) this year. Jasa Marga (JSMR), the largest toll road operator, gained 25% year-to-date to become an almost US$4 billion...
Read MoreBekasi Fajar, Its Q3, & Going Forward
Industrial estate developer PT Bekasi Fajar Industrial Estate (BEST) Tbk is one of top gainers on IDX this year. The stock gained 273% from its IPO in April. The company currently has market capitalization of US$630 million,...
Read MoreICTSI Jasa Prima & Port Investments
Shares of PT ICTSI Jasa Prima (KARW) Tbk soared 25% to Rp1,200 Monday (Sept 17). That means the stock has skyrocketed 518% since late August 2012. Still, the company’s market capitalization is below US$80 million....
Read MoreSurya Semesta Internusa & Perhutani
Property and industrial estate developer PT Surya Semesta Internusa (SSIA) Tbk is among top gainers so far this year. In the past 52 weeks, SSIA has soared 319%. It is now a company with market capitalization of Rp5.31 trillion...
Read MorePressures on Private Sector Players in Water Infrastructure
Privatization of water supply business in developing countries has always been a controversial and delicate issue. While wealthier society needs better supply of water, the lower income group has been leaving behind in most...
Read MoreCentral Kalimantan Coal Railway
Development of coal railway in Central Kalimantan province might have just entered an interesting stage. Yesterday, some potential customers of the railway have signed the so-called Declaration of Commitments in Palangkaraya,...
Read MoreLNG & LPG Terminal Investors
State-owned companies Pertamina, Perusahaan Gas Negara (PGAS), and Perusahaan Listrik Negara (PLN) are all entering LNG receiving terminal business. Other than competition between them, there are also growing interests from...
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