Govt. pours more funds into city’s MRT project
Jakarta city administration received a $7.7 million grant from the central government to speed up the construction of the city’s first-ever mass rapid transit (MRT) project, The Jakarta Post reported.
The Director General for Regional Financial Balance at the Finance Ministry, Mardiasmo, said Wednesday that the grant was part of the loan from the Japan International Cooperation Agency (JICA), the MRT project advisor.
The central government borrowed money from JICA and later gave part of the sum to the city as a grant.
“We will use the grant for consultation services,” Governor Fauzi Bowo said.
The administration has allocated Rp40 billion from its 2009 budget for the initial work for the project.
The Director General for Regional Financial Balance at the Finance Ministry, Mardiasmo, said Wednesday that the grant was part of the loan from the Japan International Cooperation Agency (JICA), the MRT project advisor.
The central government borrowed money from JICA and later gave part of the sum to the city as a grant.
“We will use the grant for consultation services,” Governor Fauzi Bowo said.
The administration has allocated Rp40 billion from its 2009 budget for the initial work for the project.