Private Parties are Expected to Invest in the Train Transport Sector

By : Herry Barus And Aldo Bella Putra | Sunday, July 22 2018 - 21:30 IWST

Menteri Perhubungan Budi Karya Sumadi
Menteri Perhubungan Budi Karya Sumadi

INDUSTRY.co.id - Jakarta - Minister of Transportation Budi Karya Sumadi said the government invites private sector to jointly develop railway transportation as a much needed mass transportation in Indonesia.

"A number of national and foreign banks are interested in funding the sector, which shows that rail transportation is very profitable," said Minister of Transportation Budi Karya to the press after opening the 3 rd National Working Meeting of the Indonesian Railways Society (Maska) in Jakarta on Saturday (21 / 7/2018)

Minister of Transportation said that the development of railway transportation infrastructure does require a huge cost and a lot of siphoning of the state budget, so it needs to find solutions for development.

Meanwhile, he said, the government remains consistent to continue building effective mass transit and assessing the train is the solution.

"For the long term, rail will become adequate mass transit to reduce traffic density on highway," said Budi Karya.

He pointed out, the rapid development of Jakarta-Surabaya railway which is currently the government's attention, attracted Japanese private sector to be involved.

Despite the involvement of foreign private sector, the Minister of Transportation said that the government is still eager to share local railway parts of vwsar using domestic products.

"Likewise the workers, the government wants to involve many local workers so that many Indonesians are working," said Minister of Transportation.

Budi Karya said that the railway development offered to private is not only based on Java Island and for human transportation only, but also offered outside Java and logistic transportation.

He asserted that even though the private sector is involved in building a train but the government remains professional and does not want to doekte or just follow.

"I am sure and watch if the government is still to follow the rules that apply in Indonesia and certainly does not harm the state finances," he said.

News Comment

Today's Industry

President Jokowi inaugurates 17 Indonesian Ambassadors Extraordinary and Plenipotentiary at the State Palace in Jakarta (25/10/2021). (Source: YouTube Channel of Presidential Secretariat)

Senin, 25 Oktober 2021 - 20:40 WIB

President Jokowi Inaugurates 17 New Ambassadors

President Joko “Jokowi” Widodo Monday (25/10/2021) at the State Palace, Jakarta, inaugurated 17 Ambassadors Extraordinary and Plenipotentiary (LBBP) of the Republic of Indonesia to Friendly…

President Jokowi receives Letters of Credence from four new Ambassadors of friendly countries, at the Merdeka Palace, Jakarta Province, in September. (Photo by: Presidential Secretariat/Lukas)

Senin, 25 Oktober 2021 - 18:50 WIB

President Jokowi Receives Letters of Credence from Nine New Ambassadors

President Joko “Jokowi” Widodo, on Monday (25/10), received Letters of Credence from nine new Ambassadors Extraordinary and Plenipotentiary (LBPP) of Friendly Countries to the Republic of…

Widodo Sucipto, President Director of PT Hydrotech Metal Indonesia.

Selasa, 19 Oktober 2021 - 15:47 WIB

Hydrotech Metal are Getting Closer to Canada Securities Exchange

PT Hydrotech Metal Indonesia are getting closer to Canada Securities Exchange, after the signing of Share Exchange Agreement with a Canadian company recently. The signing was done virtually…

Vice President Ma’ruf Amin and his spouse Ibu Wury head to Ambon for a working visit, Wednesday (13/10). (Photo by: Vice Presidential Secretariat)

Jumat, 15 Oktober 2021 - 22:10 WIB

VP Ma’ruf Amin to Close 20th PON in Papua

Vice President Ma’ruf Amin, on Friday (15/10), is scheduled to close the 20th National Sports Week (PON) in Papua at the Lukas Enembe Stadium, Jayapura regency. The Vice President, his spouse…

President Joko Widodo and Cabinet Secretary Pramono Anung at Kompas Bajo, Puncak Waringin, Thursday (14/10) afternoon. (Photo by: BPMI/Laily Rachev)

Jumat, 15 Oktober 2021 - 21:32 WIB

President Jokowi Visits Kompas Bajo Creative Hub

Ending his working visit in East Nusa Tenggara Province, President Joko “Jokowi” Widodo and First Lady Ibu Iriana on Thursday (14/10) afternoon took a walk to Kompas Bajo which is located…