Jumbo Capital for Transportation SOEs, from KAI to Pelni

The State-Owned Enterprises Ministry has proposed a state capital injection for 16 SOEs in 2025 totaling IDR44.24 trillion, with transportation companies set to take the bulk of the fresh funds.

Lorenzo Anugrah Mahardhika & Rayful Mudassir

9 Jun 2024 - 15.44
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Jumbo Capital for Transportation SOEs, from KAI to Pelni

Bisnis, JAKARTA — The State-Owned Enterprises (SOEs) Ministry has proposed state capital injections (PMN) into a number of state-owned transportation companies in 2025. The proposed plan is to distribute funds to PT Kereta Api Indonesia (KAI), PT Pelayaran Indonesia (Pelni), PT Industri Kereta Api, and Perum Damri.

SOEs Minister Erick Thohir explained that the majority of these funds will be used to carry out government assignments. KAI is set to receive IDR1.8 trillion, 4 percent of the total IDR44.24 trillion, which will be used to add new trains as part of government assignment.

These new trains will be allocated to PT Kereta Commuter Indonesia (KAI Commuter), which plans to acquire three electric trains from the Chinese manufacturer CRRC Sifang for IDR783 billion.

KAI Commuter also ordered 16 new electric trains from local producer PT INKA for IDR3.83 trillion, and 19 retrofit electric trains from the same company, for IDR 2.23 trillion. These trains are projected for completion between 2025 and 2026. 

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