LRT Jakarta Phase 2A (Kelapa Gading - JIS)

Project Profile

PT Jakarta Propertindo (Jakpro) has been mandated to develop LRT Jakarta Phase 2A. The project extends the existing LRT Jakarta Phase 1 line (Kelapa Gading–Velodrome) by 8.2 km, connecting Kelapa Gading to Jakarta International Stadium (JIS) and consists of 6 main stations; Kelapa Nias, Boulevard Gading, Sunter Timur, Gelanggang Remaja, Sunter Barat, and Danau Sunter Barat (Jakarta International Stadium).

 

Market Opportunity
Willingness to Pay IDR 10,000 – 15,000 per trip (Farebox)
Demand 67,256 passengers per day

 

Target Market
Age Range 70% within age range 20-39 years old
Reason to Travel 41% Recreation, 35% Business

 

Product Development
Farebox Revenue
Base Fare IDR 3,000 per trip
Distance-based Fare IDR 750 per km
Non-Farebox Revenue
Projected Naming Rights Revenue IDR 10–33 Billion over 5 Years
Retail Revenue IDR 375,000 – 562,500 per m2/month
Unit-Based Revenue IDR 3.5-5.4 Million per unit/month
Advertisement Revenue Station: IDR 660,000 per m2/year
Train: IDR 213.5 Million per train/year

 

Project Structure
Partnership Scheme G2G Loan, PPP, or EPCF
Investment Sharing None

 


Investment Cost
IDR 7.80 Trillion
Expected Started Date

2027

Financial Analysis

NPV : IDR 164.2 Billion
IRR : 12.3%
WACC : 12%
Payback Period : 15 years
Partnership Period: 10 years

Land Area

Route Length : 8.2 km
Naming Rights : Up to 6 stations (Phase 2A)
Retail : Approximately 149 m2 of retail space per station
Unit Based : Up to 10 units/station
Station Advertisement Assets : 50 sqm/station
Train Advertisement Assets : Up to 32 trains (Phase 2A)

Location

Kelapa Nias - Boulevard Gading - Sunter Timur - Gelanggang Remaja - Sunter Barat - Danau Sunter Barat (Jakarta International Stadium)

Contact

Name : Daru Pambayun Ramadhanti
Title : Officer Transportation - LRT Project
Email : daru.pambayun@jakpro.co.id