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Old April 27th, 2005, 04:18 AM   #21
greg_christine
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Jakarta Post: City, Jakarta Monorail closer to deal with Korean Maglev

http://www.thejakartapost.com/detail...426.G04&irec=3

City, Jakarta Monorail closer to deal with Korean Maglev
Damar Harsanto, The Jakarta Post, Jakarta

The Jakarta administration and consortium PT Jakarta Monorail are moving closer to adopting magnetically elevated vehicles (Maglev) developed by South Korea's rolling stock and train maker Rotem Corporation, which claims to have more advanced technology than the conventional monorail, and promises lower costs and better safety standards.

"It (the Korean Maglev) is my personal preference....and PT Jakarta Monorail agrees with my assessment," Governor Sutiyoso said at City Hall on Monday.

Recalling his direct observation of the Rotem Urban Transit Maglev last week, Sutiyoso said that he discovered that the technology applied in Maglev was more advanced than the outdated wheels-on-rails monorail technology, which he deemed "too costly and complicated to maintain."

"I have directly observed that the (Maglev) technology is relatively simpler than the conventional monorail and promises higher safety standards" he asserted.

No details were immediately available on how much cheaper the Maglev technology would be compared to Japan's Hitachi.

PT Jakarta Monorail (JM) has been handpicked to build and operate the capital's US$650 million monorail project expected to begin operation by the end of 2006.

Rotem's official website has made a comparison between Maglev technology and the conventional monorail, indicating that Maglev's operational costs could be categorized as "low level" as compared to monorail's "medium level," while the construction cost of both technologies is the same.

Rotem also says that Maglev trains could travel at a maximum speed of 100 kilometers per hour and an average speed of 40 km per hour, as compared to monorail's maximum speed of only 70 km per hour and an average speed of 35 km per hour.

"There is no possibility of derailment or puncture in the Maglev system since it uses a bogie structure that wraps around the guideway," it says, ensuring that Maglev is much safer than the conventional monorail.

Rotem, formerly Korea Rolling Stock Corp, was formed through the merger of rollingstock units of three South Korean conglomerates in 1999 -- Hundai, Daewoo and Hanjin Group.

Meanwhile, JM's president director Ruslan Diwirjo said that JM and the administration would meet with Rotem in Singapore on Tuesday (today) to seek details of the offer made by Rotem, including the project cost.

"We have yet to reach any final decision over what technology we will choose," Ruslan said.

Aside from Rotem, Ruslan said, a major company from the People's Republic of China had also offered its monorail technology.

"But, I think we will find it difficult to comply with the company's request to participate in the development of the monorail project since we already have developer Adhi Karya for the project," he told The Jakarta Post.

The city administration expects JM to decide on the technology it will adopt within two weeks.

Because of protracted problems shrouding the financing and development of the 27-kilometer monorail, JM, which is supported by local and foreign companies, will find it difficult to begin operation by the end of 2006.

JM said that the monorail was expected to begin operation early in 2007.
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Old April 27th, 2005, 04:24 AM   #22
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Yahoo: Jakarta Monorail to consider SKorea's Rotem technology

http://uk.biz.yahoo.com/050426/323/fh943.html

Tuesday April 26, 04:55 AM

Jakarta Monorail to consider SKorea's Rotem technology - report
JAKARTA (AFX) - PT Jakarta Monorail (JM (Stockholm: JM.ST - news) ), which is undertaking an intra-city mass public transit project in Jakarta, plans to meet with South Korea's Rotem Co today to discuss the latter's monorail technology offer, the Jakarta Post reported.
JM and the city administration will meet Rotem officials today in Singapore to seek details of the offer, the Post quoted JM president Ruslan Diwirjo as saying.
'We have yet to reach any final decision over what technology we will choose,' Diwirjo was quoted as saying.
JM has secured a 650 mln usd project from the Jakarta city administration to build a 27-kilometer long monorail track to help ease Jakarta's traffic congestion.
Although JM has yet to chose the monorail technology, the company and the city administration prefer to use Rotem's magnetic levitation (maglev) technology because of its lower costs and better safety standards, the Post said.
'It (the Korean maglev) is my personal preference... and PT Jakarta Monorail agrees with my assessment,' Jakarta Governor Sutiyoso as quoted as saying by the Post.
He said the wheels-on-rails monorail technology is too costly and complicated to maintain.
Besides Rotem, a Chinese company has offered its monorail technology but it wants to be involved in the construction of the project as well, Diwirjo said.
He said the Chinese company's request will be difficult to meet, as state construction firm PT Adhi Karya has already been appointed to build the project.
The city administration expects JM to decide on the monorail technology in two weeks time, the Post said.
It said Jakarta's first monorail is expected to start operating by the end of 2006, but noted that the project has been clouded by financing and development problems.
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Old April 27th, 2005, 04:35 AM   #23
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For more information on Rotem's Maglev system, see the following webpages:

http://www.rotem.co.kr/eng/Business_...lev/maglev.asp

http://www.rotem.co.kr/eng/Business_...maglev_adv.asp





Train Formation 2 vehicles (Mc1 - Mc2)

Vehicle Dimensions
Length : 13.5 m (Train Length : 27.5 m)
Width : 2.85 m Height : 3.50 m (above the rail)

Vehicle Weight
Tare : 22 tons
Full : 30 tons (6 presons/§³)

Passenger Capacity
Normal : seat - 33, standing -67
Total -100 persons / vehicle (4 persons/§³)
Full : seat -33, standing -102
Total -135 persons / vehicle (6 persons/§³)

Power Supply Voltage : 1,500 VDC

Train performance
Max. design speed : 100 km/h
Max. operating speed : 80 km/h ---------------------------->

Max. acceleration : 1.0 §¾ (3.6 km/h/s)
Max. deceleration : 1.0 §¾ (3.6 km/h/s) in service,
1.25 §¾ (4.5 km/h/s) in emergency

Noise Level : Max. 65 dB(A)

Vibration limit (Vertical & Lateral) : 0.02g

Max. gradient : 8%

Min curve radius : 60 mR (Lateral)

Propulsion system Linear Induction Motor controlled by VVVF inverter

Levitation system Electro Magnetic Suspension Type, 10mm Air-gap

Brake system Blending of Regenerative & Pneumatic Brake
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Old June 16th, 2005, 01:56 PM   #24
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Jakarta Post: Monorail work again as fresh funds begin to flow

The following article makes no mention of a technology switch from Hitachi Alweg trains to Rotem's maglev system. The Jakarta Monorail website still leads with a picture of a Hitachi Alweg train:



http://www.thejakartapost.com/detail...616.G01&irec=0

Monorail work again as fresh funds begin to flow
Damar Harsanto, The Jakarta Post, Jakarta

PT Jakarta Monorail has resumed its long delayed construction work and will soon announce its foreign financiers it said on Wednesday.

Workers have been seen erecting concrete piles for the elevated monorail track on Jl. HR Rasuna Said in Kuningan, South Jakarta, in the past week.

"We have erected five new piles on Jl. HR Rasuna Said since early this month. We can install one pile per day. We expect the work to be finished by the end of July," the company's chief project officer Bovanantoo told The Jakarta Post on Wednesday.

Bovanantoo said the company was prioritizing the construction of the five-kilometer line from its depot over the West Flood Canal to Casablanca, South Jakarta, which will be a test line.

"We will start trying to operate the monorail cars on this line next year," he added.

Word has it that the company is closer to the finalization of a deal with the project's new financiers.

The project had been brought to a halt for about six months amid difficulties in seeking foreign financiers in the project estimated to cost US$650 million.

Its financial difficulties had forced the Jakarta administration to extend the contract with the company for another six months, following the expiration of the contract on May 31, 2005.

"I heard that the company has found new financing partners. But, it has not submitted a progress report yet. We will meet soon," Governor Sutiyoso said.

Another source with the administration close to the project revealed that hopes were running high for the continuation of the project following the support of Vice President Jusuf Kalla through his company Bukaka Group.

However, PT Jakarta Monorail president director Ruslan Diwirjo declined to confirm this.

"We do have a preference among the investors. But, we have not made a final decision," Ruslan told the Post.

The company promised to announce the financiers next week.

Transportation experts have warned that the development of the monorail is not feasible, since it fails to connect with other public transportation systems, like the railway and buses, and therefore would serve few passengers.

New York-based non-governmental organization the Institute for Transportation and Development Policy (ITDP) had carried out a survey among 120,000 passengers using public transportation along the planned monorail routes and discovered that the demand was very low.

ITDP estimates that the 28-kilometer line will only serve 32,000 passengers per day.

Observers also said most residents would not be able to afford the fare of Rp 5,000 per single trip, much higher than fares for regular buses or trains, at around Rp 1,500, or half of the air-conditioned busway fare of Rp 2,500.

City secretary Ritola Tasmaya said that the administration would provide Kampung Melayu in East Jakarta, the east part of Senayan sports complex in Central Jakarta and Mal Taman Anggrek shopping mall in West Jakarta as parking space to encourage private car users to switch to the monorail.

"The electronic road pricing system, which will be managed by the administration, will be implemented simultaneously with the operation of the monorail," Ritola said.
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Old June 29th, 2005, 08:57 PM   #25
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Indonesian forumers (hadiwinata and encon) posted new images of construction of Jakarta monorail :

http://www.skyscrapercity.com/showthread.php?t=156868
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Old July 16th, 2005, 09:39 PM   #26
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Consortium favors Siemens technology for MRT project

http://www.thejakartapost.com/detail...716.G01&irec=0

Consortium favors Siemens technology for MRT project
Damar Harsanto, The Jakarta Post/Jakarta

The new consortium for the construction of the delayed mass rapid transit (MRT) project in the capital, Monorail Indonesia, has signed a memorandum of understanding over the use of German Siemens technology.

The signing ceremony was held on July 7 with little fanfare.

Among the signatories grouped in the consortium are developer PT Jakarta Monorail, American investment bank JP Morgan, Hong Kong company MTRC, Bukaka Group -- which is partly owned by the family of Vice President Jusuf Kalla -- state car train maker INKA and state electronic maker LEN Industry, as well as Hong Kong-based Mass Transit Railway Cooperation and Siemens.

Minister of Transportation Hatta Radjasa and State Minister of Research and Technology Kusmayanto Kadiman witnessed the signing of the agreement.

"The use of Siemens technology will reduce the project's cost to US$480 million, cheaper than other bids made by South Korean company Rotem, which offers magnetic levitation technology (Maglev) or Japanese Hitachi's monorail technology," assistant to the city secretary for development affairs Hari Sandjojo told The Jakarta Post on Friday.

Rotem offered its technology for $600 million, while Hitachi quoted $670 million.

Sources familiar with the MRT revealed Siemens had an advantage over the other bidders due to their requirements: First, for the Jakarta administration to subsidize the operation of the MRT for several years and second, for a stake in the electronic road pricing (ERP) system, which will be imposed on private cars using routes parallel with the MRT's.

There will be two MRT routes: the Green Line, through the business districts of Kuningan and Sudirman in South Jakarta, and the Blue Line, from Kampung Melayu in East Jakarta to Taman Anggrek shopping mall in West Jakarta.

Hari said of the total cost of $480 million, PT Jakarta Monorail would provide $60 million, while local financiers would pay $90 million, leaving $330 million to be raised from foreign financiers.

"We expect both JP Morgan and MTRC to raise funds from foreign financiers for the project," he said.

Meanwhile, PT Jakarta Monorail director Sukmawaty Sjukur told the Post the consortium had not made a final decision.

"We will announce our final decision on the technology on July 28, the deadline for the bidders to come up with revised bids," she said.
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Old July 16th, 2005, 09:47 PM   #27
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Siemens produces a suspended monorail system; however, it is a lower speed people-mover type system:

Siemens H-Bahn in Dusseldorf


My suspicion is that the system Siemens is proposing for Jakarta will be similar to the SkyTrain system Siemens built in Bangkok, which is an elevated conventional rail system:

Siemens SkyTrain in Bangkok

Last edited by greg_christine; July 16th, 2005 at 09:52 PM.
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Old July 18th, 2005, 11:26 PM   #28
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@greg: when I first read the title of the news I was thinking it's about Jakarta Subway project, therefore I immediately tought of Siemens proposing the same train used in Bangkok Skytrain. But when understood later, it was for monorail, I become almost sure that Siemens is not proposing that model.

If we see the foundation of Jakarta monorail, currently underconstruction, they are thin. They wont be strong enough for trains like in Bangkok.

My wild guess is Siemens designs and Bukaka builds monorail. Or Siemens don't get the project as Jakarta picks Korean Rotem.
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Old July 20th, 2005, 02:04 AM   #29
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Its amazing how little space the Monorail takes up, like in terms of space on the road
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Old July 20th, 2005, 10:08 PM   #30
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Looks like PT Jakarta Monorail selects Siemens.

News in Bahasa Indonesia
http://www.tempointeraktif.com/hg/ja...-64135,id.html
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Old July 22nd, 2005, 02:47 AM   #31
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yup...siemens it is..~
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Old August 3rd, 2005, 02:01 PM   #32
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Jakarta Post: Shareholders stall monorail project due to internal rift

http://www.thejakartapost.com/detail...803.G01&irec=0

Shareholders stall monorail project due to internal rift
The Jakarta Post, Jakarta

A disagreement among shareholders of PT Jakarta Monorail (JM) over who should supply 76 trains for the city's first monorail line has stalled the whole project.

A source close to the deal said that Omnico Singapore Pte. Ltd., which owns 45 percent of JM shares, had insisted on using trains produced by South Korea's Rotem, while PT Indonesian Transit Central (ITC), which owns the remaining 55 percent, would prefer to use trains produced by a local consortium.

The source said that using Rotem technology would push the cost up to US$826 million -- $345 million for the rolling stocks or trains and its system and the remaining $481 million for line construction.

Should JM use the technology to be developed by an Indonesia consortium, the total cost of the project would stand at around $426 million only -- $176 million for trains and its system and the remaining $250 million for line construction, the source said.

The source also said if JM used Rotem's cars, 60 percent of the revenue from the planned electronic road pricing (ERP), enforced along the roads parallel to monorail lines, should be allocated for the monorail project.

Governor Sutiyoso, who granted the project to JM, confirmed the rift on Tuesday, and gave the consortium until Thursday to decide on the rolling stock supplier.

"We can not wait much longer," Sutiyoso said at City Hall.

JM director Sukmawati confirmed the differences between ITC and Omnico about the rolling stocks supplier, saying that Thursday's consultation with the administration was expected to bridge the rift.

JM was expected to announce the technology to be used in the project on July 28.

Sutiyoso said that his administration preferred to use monorail cars produced by the Indonesia consortium, because of cost considerations.

"With Rotem cars, the total price of the project would be over $800 million. The investors are also asking for a major part of the turnover from ERP," he added.

JM predicted that the ERP revenue would reach some $100 million per year.

The Indonesian consortium, which came late to the project, is supported by several companies -- U.S. investment bank J.P. Morgan, the Bukaka Group, state train carriage maker INKA, state electronic maker LEN Industries and Siemens. It is also supported by Hong Kong-based Mass Transit Railway Cooperation (MTRC).

The Bukaka Group is partly owned by the family of Vice President Jusuf Kalla.

JM and the city administration had previously terminated a contract valued at $540 million for the same project with a Malaysian company, MTrans Holding Bhd, due to financing problems.

The monorail project was started in June last year and is expected to be finished in 2007.

When up and running, the monorail will cater to transportation needs in the prime business areas of the city through a 14.3-kilometer line as well as a 13.5-kilometer line from Kampung Melayu in East Jakarta to Taman Anggrek Mall in West Jakarta.
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Old August 4th, 2005, 03:59 PM   #33
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this monorail will not materialize for sure. well well well what can you expect to the most corrupt country in asia.
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Old August 6th, 2005, 03:13 AM   #34
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Aug 6, 2005
Jakarta monorail choice upsets S'pore partner
Consortium picks Siemens technology over Maglev, which S'pore firm prefers

By Devi Asmarani
Indonesia Correspondent

JAKARTA - THE choice of technology to run Jakarta's first monorail system has upset a Singapore firm which is a partner in the project.

A consortium of investors who are to develop the monorail system has chosen local companies to supply trains based on Siemens technology.

Its foreign partner, Omnico Singapore Pte Ltd, has called the decision one-sided.

The move ended nearly six months of impasse over which monorail technology to use for the system which is targeted to be running by the end of 2007.

PT Indonesia Transit Central (ITC), which owns 55 per cent of the shares in PT Jakarta Monorail, appointed The Indonesian Consortium, which includes a company linked to Vice-President Jusuf Kalla, to develop the project.

Using the technology provided by Siemens, the project would cost less than the other alternative proposed, and it would be executed about six months faster, ITC said.

'We have decided to use Siemens technology for the monorail as it is cheaper. Jakarta Governor Sutiyoso supports our decision,' ITC president Ruslan Diwirjo said after a meeting between the Jakarta Monorail Consortium members and the governor on Thursday.

Omnico, which holds 45 per cent of the project, has proposed the use of magnetic levitation (Maglev) technology from South Korea's Rotem.

Omnico chairman Abdul Rachman expressed his unhappiness at the decision following Thursday's meeting.

'We don't agree with it. The fact that we only have 45 per cent share does not mean that ITC can do whatever they want - I am very disappointed with this,' he told reporters.

He denied that the use of Maglev technology would raise the cost significantly.

Data available from the Jakarta Monorail shows that Maglev technology would cost US$826 million (S$1.37 billion), much higher than the US$496 million estimated for the Siemens technology.

'The total price of the system is only US$540 million, not US$826 million,' Mr Abdul said.

But for now there is no plan to withdraw from the Jakarta Monorail consortium, he said, as many parties from Singapore, Japan, China and India are involved in the project.

Jakarta Monorail director Sukmawaty Syukur said the project would go on with or without Omnico's involvement.

She told The Straits Times yesterday: 'Difference in opinions is normal. In the end, the decision would fall on the most affordable technology.

'Should Omnico pull out from the project, several investors could replace it,' she said.

Yesterday, the consortium held talks with several potential investors on the project.

The disagreement among shareholders of Jakarta Monorail over who should supply the 76 trains has stalled the project for some time.

The Indonesian consortium, which came late to the project, is supported by several companies - US investment bank J.P. Morgan, the Bukaka Group, state train carriage maker Inka, state electronic maker LEN Industries and Siemens.

It is also supported by Hong Kong-based Mass Transit Railway Corporation (MTRC).

The Bukaka Group is partly owned by the family of Vice-President Jusuf Kalla.

The monorail project started in June last year and is expected to carry some 30,000 passengers per hour.

The first of its two lines, stretching some 14.3km along Central Jakarta's business district, is expected to be ready in 2007.

The second line will stretch for 13.5km from east to west, passing through the city centre.

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Copyright © 2005 Singapore Press Holdings. All rights reserved.
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Old August 6th, 2005, 03:41 AM   #35
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Quote:
Originally Posted by urbanpakistan
this monorail will not materialize for sure. well well well what can you expect to the most corrupt country in asia.
Will you SHUT UP and engage in some constructive discussion, rather than making deragotary comments against Indonesia?

Anyway, the technology has been decided, it'll be SIEMENS, supported by local consortium, and valued at US$496 million. IT would've been nice to see an inner city maglev in the city, but I guess straddle is proven technology.
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Old August 29th, 2005, 07:46 PM   #36
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Jakarta Post: JM seeks investors for monorail project

http://www.thejakartapost.com/detail...829.G02&irec=1

JM seeks investors for monorail project
Bambang Nurbianto, The Jakarta Post, Jakarta

Problem after problem revolving around financial difficulties keep clouding the monorail project which is supposed to be completed in mid-2007.

After making a major decision over which company will supply the monorail trains and system based primarily on price considerations, PT Jakarta Monorail (JM) is now busy seeking more investors to finance the whole project.

JM director Sukmawaty Syukur said on Thursday that many local financial institutions had shown interest in the project.

"There are many investors interested in joining the project, particularly after we appointed the Indonesian Consortium of Monorail Industries (ICMI) which offered a lower price," she told a media conference, a few days after a rift in JM sparked by the appointment of ICMI.

Vice President of PT Andalan Artha Advisiondo Securitas (AAA) Sujoy Ganguly, a JM financial consultant, added that JM was now still discussing the financial backing with a number of companies -- both private and state-owned banks, but he refused to name them.

JM is a joint venture company supported by PT Indonesia Transit Central (ITC), which holds 55 percent of shares and Omnico Singapore Pte. Ltd., which holds another 45 percent.

Financial difficulties have been the main hurdle for the monorail project since ITC signed a memorandum of understanding (MOU) with the city administration to use Malaysian rolling stock manufacturer MTrans in 2003.

ITC canceled the agreement because MTrans failed to provide financial support for the project.

ITC and Omnico signed a joint venture agreement to establish JM in March, 2004.

JM then sought another rolling stock company to replace MTrans. The company first mulled a proposal from Hitachi, but JM later rejected the technology because the Japanese company also could not find financial support.

JM later tried to find a rolling stock company from China and South Korea's Rotem as recommended by Omnico.

However, according to Sukmawaty, the projected cost with ICMI would only be about $498 million, while with Rotem it may reach $826 million.

Omnico executives have denied the figure, saying their budget proposal was only $540 million.

Omnico executive director Leon K. L said that his company rejected ICMI technology as its quality had not been proven.

"Price is one thing, but safety cannot be compromised. It is hundreds and thousands of life that we are carrying on board every day," Leon told The Jakarta Post in a recent interview.

He even said that Omnico would leave JM if ITC insisted on going ahead with its plan to use ICMI technology.

"Omnico and the rest of its shareholders are business-focused people. We are neither a charity organization nor a political group. If the business proposal does not make sense and is not bankable and deliverable, we will choose to discontinue," he added.

Sukmawaty, however, played down Leon's criticism, saying that ICMI's Monorail was a proven technology, which had been in use for 40 years.

"If Malaysia can develop its own monorail, why can't we?" said Sukmawaty, adding that three members of ICMI -- Bukaka and state owned rolling stock manufacturer INKA and state owned electronic industry LEN -- have the capability to develop a monorail.
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Old August 29th, 2005, 09:45 PM   #37
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The preceding article makes references to the Indonesian Consortium of Monorail Industries (ICMI), which proposes to build trains for the Jakarta Monorail using "proven technology, which had been in use for 40 years". The article goes on to quote an Indonesian official as stating, "If Malaysia can develop its own monorail, why can't we?".

The above statements are possibly a reference to the 1962 Seattle World's Fair Monorail:



Alweg, the company that built the Seattle monorail trains, no longer exists. The plans for the Seattle monorail trains are in the public domain. The trains built by Mtrans/Monorail Malaysia for Kuala Lumpur were evolved from those plans:

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Old September 6th, 2005, 10:49 AM   #38
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Jakarta Monorail

Hi to all, I’m new to this forum but hope to contribute with some information as I believe some of the statement made by ITC and new reports tend to mislead :-

1. to build a monorail boogie is different from a conventional train boogie (PT Inka only build train body), therefore ICMI need to buy or seek technology transfer from Siemens.
2. Siemens do not have a proven monorail system/technology but they only wish to supply to ICMI the following E&M items:- a) signaling and ATS b) supervisory control systems c) communication system.
3. ITC director, Sukmawaty claimed that “ICMI Monorail was a proven technology which had been in use for 40 years” is very MISLEADING as ICMI do not have the experience nor monorail technology whatsoever (they do not have a prototype as claimed). How can ICMI build a prototype without the necessary technology? ICMI want US$ 20 M for a prototype. Who will want to pay for their experiment in the development of a prototype and pray that it work and what will happen if it does not work or they are unable to complete? To be patriotic for a good and proper cause is good but please do not waste unnecessary private investors’ or public money. I do not think it is in the interest of Omnico to pay proper money and later pray and hope that ICMI can deliver on their promise.
4. HK MTRC role in ICMI is to provide project management services for the project only. Their capability is the same as SMRT (Spore) as owner, operator and providing maintenance for their system in Hong Kong. Internationally, MTRC is not a recognized independent body to have the capability of certifying ICMI to manufacture monorail nor to certify the performance or safety standards of the system. This certification is normally issued by an independent body or reputable companies such as Lloyd’s Bureau of Standard and Specification etc.
5. Malaysia Mtrans developed a hybrid monorail system (copy some from Hitachi, I think) which took them approximate 3.5 years and plenty of cost overrun which resulted in the Government providing the necessary additional fund to bail them out. The Government later realized that it was cheaper to buy a proven product than to develop new. Until recent, the system still faces safety and reliability problems which force the Government to issue a statement to said that they will shut down Mtrans system if safety is not improved (I think they still do not have the necessary internationally recognized certification)
6. Omnico Spore presented to DKI that they will Financial Close if PT JM buy from an established rolling stock supplier (Rotem Korea) and there is no financial difficulty on their part even if the cost is more expensive. ITC presented ICMI claiming that they are much cheaper and if ICMI is selected, they are ready to Financial Close.
7. “PT JM/ITC now seek more investors “ reported Jkt Post on 29/8/05. Is this ITC dream of building “AN INDONESIAN DESIGN MONORAIL” by ICMI. I’m surprised that it is so easy for them to mislead DKI to believe that they already had the necessary funding when they do not have. To get investors to invest in a non recourse (w/o government guarantee) infrastructure project in any country is never easy.
8. The Indonesian Government should not be concern about the overall cost to build the system as this is a BOT Concession without any recourse to the Government. There is NO Government Guarantee or subsidy or equity whatsoever. The amount of fare to be paid by the passengers is also controlled by the Government. Therefore the decision to buy whichever system lies with the Concessionaire. If Omnico wish to pay for a better and more expensive system now but benefit with lesser downtime performance or cheaper maintenance or save on operation cost later than it only serve to benefit the Indonesian public. Surely they have studied their business plan carefully and decided to be less profit oriented. Why should ITC object?
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Old September 6th, 2005, 12:03 PM   #39
c0kelitr0
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i was hoping that Jakarta would get the Hitachi but well...this is better than nothing...hope works are going as scheduled...it would be great for Jakarta and the SEA as a whole.
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Old September 6th, 2005, 12:14 PM   #40
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a monorail is a wonderful infrastructur
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