Jakarta Plans Major Expansion of Transit Portfolio, Seeking New Funding Models
What happened
Akarta Governor Pramono Anung is proposing a major expansion of the portfolio of PT Transjakarta, the city's bus operator. The plan involves transforming the company into a limited liability company to secure 'creative financing.' This expansion seeks to diversify beyond bus services into water transit and air transportation consultancy for regional administrations.
From thejakartapost.com
Why it matters
The city seeks to utilize this restructuring to manage water transportation connecting mainland Jakarta to Thousands Islands regency. The plans were presented to the Jakarta city council for deliberation, which holds the power to grant Transjakarta these new operational roles.
The city council is currently deliberating a bond proposal as part of a bond issuance plan led by the Governor, which requires Home Ministry approval.
From thejakartapost.com
Who's involved
- Pramono AnungExecutive leader of Jakarta, driving policy and managing the city's operational functions.
- JakartaCapital city of Indonesia, serving as the operational base for the transit ventures.
- city councilLegislative body where the expansion plans are being debated and approved.
- Thousand IslandsRegency targeted for potential expansion of Transjakarta's water transit portfolio.
How this reaches others
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The entities involved
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Pramono Anung
Governor of Jakarta
Nothing else this week.
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Jakarta
capital and largest city of Indonesia
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city council
legislative body that governs a city, municipality or local government area
Related events
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- Jakarta draws lessons from Latin America and submits a proposal to issue regional bonds, with Pramono involved as Governor.
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- City council approves contingency funds for a transit project and provides limited support funds to small businesses.