JAKARTA.The government has decided to give state railway operator Kereta Api Indonesia (PT KAI) a 50-year concession for the light rail transit (LRT) system in the new financing scheme, the company’s finance director has said.“It has been decided like that. That is the scheme,” KAI finance director Didiek Hartantyo said over the phone on Monday (3/6)..He added that the government would also provide a subsidy for the operation of LRT for 12 years, which will be based on the deficit in the cash flow of the company, not the number of passengers. Fares for LRT trips are set to be Rp 12,000 (90 US cents).
Government gives KAI 50-year concession for LRT
JAKARTA.The government has decided to give state railway operator Kereta Api Indonesia (PT KAI) a 50-year concession for the light rail transit (LRT) system in the new financing scheme, the company’s finance director has said.“It has been decided like that. That is the scheme,” KAI finance director Didiek Hartantyo said over the phone on Monday (3/6)..He added that the government would also provide a subsidy for the operation of LRT for 12 years, which will be based on the deficit in the cash flow of the company, not the number of passengers. Fares for LRT trips are set to be Rp 12,000 (90 US cents).