Indonesian Political, Business & Finance News

WB ready to hold dialogs on Jakarta monorail project

| Source: ANT
Jakarta (ANTARA News) - The World Bank said still had no plan to finance the Jakarta monorail project because it was not included in its priority projects but it was ready to hold dialogs on the possibility of providing financial assistance.

"We have no specific discussions on the matter at the moment because it is not part of our priority. But we are open for dialogs on ideas not yet included in our priority projects," WB Representative in Indonesia Joachim von Amsberg told ANTARA News here over the weekend.

He said that the bank`s commitment was to assist government`s priority programs or projects such as infrastructure in the region and poverty alleviation programs.

The fate of the Jakarta monorail project, which was initiated by the Jakarta administration, is still uncertain until today after the central government stated it would only bear some of the project financing.

Dedy S Priatna of the National Development Planning Board (Bappenas) said the central government, before taking part in the project, set a condition that the Jakarta administration and PT Jakarta Monorail (JM) as the executor of the project, should first make a calculation on the budget of the project.

"The office of the coordinating minister for economic affairs has written to the Jakarta administration informing that matter," he said.

He said that the calculation must be carried out by an independent appraisal agency.

"If its economic calculation is not feasible, the central government will not take part in the project and would prefer to give it to private companies," he said.

Priyatna said last month that the central government was ready to take part in the continuation of the Jakarta monorail project if the Jakarta administration and PT JM could explain its present financial status, including the budget JM had spent in the construction of the pillars of the monorail project.

The Jakarta Monorail project is now halted due to financing constraints. (*)
Tags: business
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