Japan allocates $15.7 million for Jakarta MRT

JAKARTA (Antara): The Japanese government reiterated that it would lend Indonesi US$15.7 million to develop Jakarta Mass Rapid Transit System (MRT) in order to reduce traffic congestion and improve Indonesian investment climate through infrastructure development, a Japanese official said.

The Japanese readiness to provide Indonesia with the loan was first conveyed in a meeting between Indonesian Foreign Affairs Minister Hassa Wirajuda and his Japanese counterpart Taro Aso on Nov. 28, 2008 when President Susilo Bambang Yudhoyono visited Japan, deputy Japanese Ambassador Satoru Satoh said Friday.

The MRT project will be built from Lebak Bulus area in South Jakarta to Dukuh Atas area which already has a railway track. The system will have 4 km track under the ground and 10.5 km above the ground. Construction of the MRT system is slated to be finished in 2014. (***)
Jawawa.net: Indonesian Business and Investment News Aggregator