Investors Collaborate on Surabaya High-Speed Train Project

The government is formulating the Jakarta-Bandung-Surabaya high-speed train project, spanning 900 kilometers, through a creative financing approach that involves collaboration with investors.

Lorenzo Anugrah Mahardhika

21 Des 2023 - 17.49
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Investors Collaborate on Surabaya High-Speed Train Project

Whoosh, the first fast train in Indonesia connecting Jakarta and Bandung. Photo/JIBI

Bisnis, JAKARTA — The government is formulating the Jakarta-Bandung-Surabaya high-speed train project, spanning 900 kilometers, through a creative financing approach that involves collaboration with investors.

Transportation Minister Budi Karya Sumadi has highlighted the suitability of a creative financing scheme for funding transportation infrastructure projects, considering the constraints of the state budget (APBN).

 “There will be investors connecting the high-speed train from Jakarta to Surabaya,” Budi stated during Ministry of Transportation's Year-end Press Conference in Jakarta, Wednesday (20/12).

Budi outlined in the initial stage, the government plans to start with structural or engineering design in partnership with the initiating investor, followed by a tender to select the construction contract winner for the Bandung-Surabaya high-speed train extension.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Aprilian Hermawan
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Investors Collaborate on Surabaya High-Speed Train Project

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