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

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Minggu, 19 Mei 2019 - 14:58 WIB

Bentley Systems Announces the Availability of OpenBuildings Station Designer

Bentley Systems, Incorporated, the leading global provider of comprehensive software and digital twins services for advancing the design, construction, and operations of infrastructure, today…

Ponemon Institute

Selasa, 16 April 2019 - 11:16 WIB

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

2019 Ponemon Study on Automation and Cybersecurity Staffing in Asia Pacific, United States and the UK shows an evolving Asia Pacific cybersecurity arena

Hypertherm software

Selasa, 16 April 2019 - 10:57 WIB

Hypertherm Unveils New Home for Cam Software Content

Hypertherm unveils new home for CAM software content HANOVER, N.H. — April 16, 2019 — Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, is unveiling a brand-new…

Etihad Airways airline (Foto Ist)

Kamis, 11 April 2019 - 12:44 WIB

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

ETIHAD AIRWAYS TO INTRODUCE BOEING 787 ON SERVICES TO KUALA LUMPUR AND BRUSSELS

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Kamis, 11 April 2019 - 12:34 WIB

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions

Synopsys Recognized as a Leader in Independent Analyst Report on Software Composition Analysis Solutions