JAKARTA. State-owned railway operator PT Kereta Api Indonesia (KAI) has finally secured a Rp 2 trillion (US$150.2 million) capital injection (PMN) from the state to fund the construction of a light rail transit (LRT) system in Greater Jakarta. On Wednesday evening, the House of Representatives approved of the additional injection to be sourced from the 2017 revised budget, as well as the reallocation of a similar type of funds the firm obtained in 2015 for the LRT project. Earlier, the latter was allocated for KAI’s trans-Sumatra railway project.
KAI obtains Rp 2T capital injection from state
JAKARTA. State-owned railway operator PT Kereta Api Indonesia (KAI) has finally secured a Rp 2 trillion (US$150.2 million) capital injection (PMN) from the state to fund the construction of a light rail transit (LRT) system in Greater Jakarta. On Wednesday evening, the House of Representatives approved of the additional injection to be sourced from the 2017 revised budget, as well as the reallocation of a similar type of funds the firm obtained in 2015 for the LRT project. Earlier, the latter was allocated for KAI’s trans-Sumatra railway project.