DistantNews
Support us
🇮🇩 Indonesia /Energy & Infrastructure

Jakarta LRT Extension to Dukuh Atas to be Funded by Regional Bonds

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • Jakarta's provincial government plans to fund the extension of the Jakarta LRT to Dukuh Atas with Rp 2.7 trillion from regional bonds.
  • The project, expected to begin in 2027, is part of a larger Rp 5.6 trillion bond issuance also earmarked for health sector development.
  • The provincial government is coordinating with central ministries and the Asian Development Bank on the bond issuance and financing scheme.

Jakarta's provincial government is moving forward with extending the Jakarta Light Rail Transit (LRT) system to Dukuh Atas, a project estimated to cost Rp 2.7 trillion. Governor Anies Baswedan announced that the construction of Phase 1C, connecting Manggarai to Dukuh Atas, is slated to commence in 2027.

The funding for this significant infrastructure expansion is expected to come from regional bonds that the provincial government plans to issue. "Regarding the bonds, indeed, from the Rp 5.6 trillion figure we proposed, Rp 2.7 trillion is for the LRT, and the remainder is for health, specifically for the hospital construction in Sumber Waras," Baswedan stated.

The provincial administration has been in discussions with the central government regarding the bond issuance and claims to have received approval from the Coordinating Ministry for Economic Affairs. Further coordination with the Ministry of Home Affairs and the Ministry of Finance is ongoing to finalize the financing scheme. "But because this is done transparently, openly, and I believe that Jakarta is definitely capable of completing it, hopefully, the permit can be issued soon," Baswedan added.

Regarding the bonds, indeed, from the Rp 5.6 trillion figure we proposed, Rp 2.7 trillion is for the LRT, and the remainder is for health, specifically for the hospital construction in Sumber Waras.

— Pramono Anung WibowoGovernor of Jakarta explaining the allocation of funds from the proposed regional bond issuance.

According to Assistant for Economic and Financial Affairs to the Regional Secretary of DKI Jakarta, Suharini Eliawati, the Rp 5.6 trillion bond issuance will be conducted in stages. Approximately Rp 4.2 trillion is planned for 2027, with the remaining Rp 1.4 trillion to be issued in 2028. These funds will support various infrastructure developments in education and health, as well as address issues like flooding and traffic congestion, including the LRT extension.

Coordination with central government bodies, including the Ministry of Finance, Bappenas, and the Ministry of Home Affairs, is underway, with support from the Asian Development Bank for feasibility studies. The provincial government also intends to discuss the regional bond issuance with the House of Representatives (DPR).

But because this is done transparently, openly, and I believe that Jakarta is definitely capable of completing it, hopefully, the permit can be issued soon.

— Pramono Anung WibowoGovernor of Jakarta expressing confidence in the city's ability to complete the project and seeking permit approval.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

More Stories

From Our Blog