On the monorail

On the monorail

We would like to make a correction on the following statement
that was printed in your newspaper on March 3 (page 8) under the
heading Monorail firm demands city secure loans:

"... that the company demanded the city administration to
honor its obligations stated in a contract ... including to cover
any financial shortfalls and repay the company's debts to banks."

We have never stated that we asked the Jakarta administration
to cover financial shortfalls and to repay the company's debts to
banks as stated in your article.

We assume you must be aware that such a guarantee from the
government is impossible.

What we meant during the interview was that we have asked for
additional support from the Jakarta administration to help speed
up the financing process by providing limited recourse, such as
equity or a tariff subsidy in the initial years of operation.

The subsidy support we asked for is similar to the facility
provided by the government to build the busway system .

Any requests are still under deliberation with the Jakarta
administration and await independent review from the relevant
authorities before approval.

Due to traffic congestion and the high cost of fuel, Jakarta
desperately needs a safe and reliable public transportation
system, such as the monorail. But, we can only deliver this
solution with public support and the commitment of the central
government and the City Council.

SUKMAWATY SYUKUR, Operational Director, PT Jakarta Monorail, Jakarta