Indonesia Seeks Investors for Railway Projects

By Editorial Team 12/09/2022
city
Summary

Directorate General of Railways' (DJKA) railway facilities director Djarot Tri Wardhono said the 2030 National Long-Term Development Plan (RPJPN) would require around US$65 billion. The government expects a big portion of the cost to be covered by the private sector. "We are targeting as much as 64 percent of financing needs to be met from private investments and 36 percent from the state budget," Djarot revealed in a written statement on Friday. To support private investments, the government has established PT Penjaminan Infrastruktur Indonesia (PII) to guarantee the government-to-business cooperation (KPBU) scheme.

Djarot elaborated that in the 2020-2024 National Medium-Term Development Plan (RPJMN), the target is to build 7,451 km of railroads by the end of 2024. Citing the Transportation Ministerial Decree No. 296/2020 on the national railway master plan, the target is to build 10,524 kilometers of track in Java - Bali, Sumatra, Kalimantan, Sulawesi, Papua, including the urban rail network.

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