Steady Safe joins Volgren

PT Steady Safe, a publicly listed transportation company, has acquired a 70-percent stake of PT Volgren Indonesia, a producer of aluminum bus bodies.

A spokesperson of Steady Safe told The Jakarta Post over the weekend the share takeover was aimed at strengthening the company's operation of city buses, while joining the government's program of rebuilding old city buses of the Jakarta administration-owned public transportation firm PPD.

She said PPD is expected to start reconditioning 200 buses this month, which are scheduled to begin operations again next year. (riz)