Jakarta counts on private investors to expand MRT, LRT

The Jakarta administration is counting on private funding to further develop the MRT and LRT railway projects as the city seeks to cut pressure on the pandemic-worn regional budget. Jakarta Capital Investment and One Stop Service (DPMPTSP) agency head Benni Aguscandra said on Tuesday that the city was seeking private-public partnerships to develop three projects worth Rp 84.6 trillion (US$5.93 billion). “It is hoped that the involvement of investors will help improve Jakarta’s fiscal standing,” he said.


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