On Tuesday, PT. Nindya Karya (Persero) signed MoU with its S. Korean investors: KIND and KRNA. (Image via Ekbis - SINDOnews)

Developing LRT in Bali, Indonesia invites S. Korea

Alfonsus Adi Putra
Business & Industry
Construction & Infrastructure
Jan 22, 2020
2849
The Indonesian government ensured that not only Jakarta but Bali will also get its own light rapid transit (LRT) transportation system by 1.5 to 2 years.

To realize the objective, the Indonesian government invited investors from South Korea (S. Korea): Korea Rail Network Authority (KRNA) and Korea Overseas Infrastructure & Urban Development Corporation (KIND).

The deal was poured into a memorandum of understanding (MoU) between PT Nindya Karya (Persero) and the two S. Korean investors, signed on Tuesday yesterday. The MoU is the realization of understanding between the Investment Coordinating Board (BKPM) and KIND in September 2019.

Deputy Head of BKPM, Ikmal Lukman, said that the LRT project is one of the projects offered by the regional government. It is one of the BKPM missions to get more infrastructure-related investment.

The US$400 million project will span 4.75km, from Kuta to I Gusti Ngurah Rai International Airport. Since the airport is involved in the project, the cooperation also included PT Angkasa Pura I (AP I).

The President Director of PT Nindya Karya (Persero), Haedar A. Karim, revealed that the LRT will be built underground from the airport to tackle gridlock and the massive crowd. Therefore, I Gusti Ngurah Rai’s LRT is hoped to be a single transportation system to deliver passengers to and fro the airport. Later on, two stations will be built under business cooperation models.

Source: https://bit.ly/30KWqPt

Business , Transportation , Infrastructure , Development , Investment , ASEAN , Indonesia , Bali , Jakarta , LRT , S.Korea