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Project Update

Jakarta Mass Rapid Transit (MRT) system, Indonesia [free access]

July 1, 2021

Developer/ operator: PT Mass Rapid Transit Jakarta (PT MRT Jakarta) is the developer and operator. The Government of DKI Jakarta Province is the controlling shareholder.

 

Project description: Expansion of the MRT network in Jakarta, the capital and largest city of Indonesia.

 

Background: The MRT network comprises one line which spans 16 km and covers 13 stations. Passenger services commenced in April 2019.

 

Ridership: In 2020, the MRT network had a ridership of 9.93 million passengers.

 

Capital plans: PT MRT Jakarta plans to expand the network to 235 km by 2035.

 

 

Funding: Phase 2 will involve an investment of IDR32.50 trillion (over JPY247 million). In 2018, the Japan International Cooperation Agency (JICA) signed loan agreements with the Government of Indonesia to provide a JPY70.02 billion loan for this project. This loan carries an annual interest rate of 0.1 per cent for the project and 0.01 per cent for consulting services. The repayment period of the loan is 40 years.

 

Phase 3 will involve an investment of IDR51–55 trillion. Development banks, including JICA, are expected to fund it.

 

Phase 4 will involve an estimated investment of IDR25–28 trillion. It may be financed by the private sector as well.

 

Key contracts awarded: The following construction contracts have been awarded:

 

 

Open tender: PT MRT Jakarta has invited bids to supply railway systems and to execute track works for the Mangga Besar–Kota section of Phase 2. The scope of work includes supply of the substation system, the overhead contact system, the power distribution system, the signalling system, the telecommunication system, SCADA, and platform screen doors. The procurement is being financed by JICA. The last date for the submission of bids is August 18, 2021.

 

Recent developments:

 

(1 IDR [Indonesian Rupiah] = 0.00007 USD; 1 JPY [Japanese Yen] = 0.09 USD)