A Bank From Japan Interested in Jakarta -Surabaya Project

INDUSTRY.co.id - Jakarta - The Jakarta-Surabaya semi-fast train project seems to attract a number of parties to get involved in it. One of them is Japan Bank for International Cooperation (JBIC).

CEO, Executive Managing Director of JBIC Tadashi Maeda said that the company is not only interested in funding but also how to make the Jakarta-Surabaya train project more attractive to investors.

"It's not just about funding, but also some suggestions on how we can make this project more attractive to potential investors from the private sector," he said in a press statement yesterday.

According to JBIC, the train project that connects the two largest cities of Indonesia is not just a high-speed train project. However, it also became a form of government efforts in developing the region, including the development of the economy.

Tadashi confirmed the Jakarta-Surabaya train project is quite important for Japan. The reason is, their disappointment is still quite imprint considering the rapid train project Jakarta-Bandung has been taken over by China.

"Jakarta-Surabaya is very important because we have lost the project [train] Jakarta-Bandung by China so far [the project] has not started right? We are not China, we are Japan, and more timely," he said.

Currently, JICA is conducting pre-feasibility study for the Jakarta-Surabaya train project.

Based on Business records, groundbreaking of the project will begin at the end of this year. The government projects project value to reach the range of Rp60 trillion-Rp100 trillion.

Minister of Transportation (Menhub) Budi Karya Sumadi had stated so far the talks on financing for the project came from Japanese loans