JICA to Increase Support for Indonesian Railway Project

The Japan International Cooperation Agency hinted that it will provide additional funds to support the construction of the mass rapid transit system in Jakarta, Indonesia, representatives of PT MRT said, according to The Jakarta Post. PT MRT heads the construction of the transport facility.

“[JICA] has verbally approved the proposal. We need to wait for the directorate-general of railways [at the Transportation Ministry] to legalize changes to the basic engineering design before submitting the formal proposal to JICA,” Manpalagupta Sitorus, the communications chief of PT MRT, was quoted by the newspaper as saying.

The proposal seeks an additional USD100 million worth of loans, which will be used to construct additional tunnels for the mass rapid tunnels. JICA originally agreed to provide a USD1.3 billion loan to finance 85 percent of the project.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.

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