Jamsostek join with Railink to Work on Airport Railway

Jamsostek join with Railink to Work on Airport Railway

PT Jamsostek, State-owned labor insurance firm, join with PT Railink,  PT Kereta Api and PT Angkasa Pura II consortium, to build and manage IDR 4.6 trillion Airport Railway project.

Masjraul Hidayat Railink president director (07/22) said Railink hope Jamsostek partnership with the consortium could make them win government tender of 32.7 km Airport Railway Project.

Masjrul said Jamsostek commitment for the project announce after Railink had give a presentation its plan to build and operate train line from Manggarai station to Soekarno-Hatta Airport.

Hotbonar Sinaga Jamsostek president director said Jamsostek plan to invest IDR 200 billion fund in the form of capital participation.

For the financing, Railink had forecast 70% of IDR 4.6 trillion total investment would be financed by bank loan, 15% from consortium equity and the rest 15% from other investor.

Masjraul said Jamsostek expected to invest about IDR 675 billion equity or 15% of total project investment, but its still on discussion and if we could win the tender.

Airport Railway targeted to take 27% market share of total airline passengger at Soekarno-Hatta Airport which had reach 40 million people a year.

Sugiadi Waluyo, Director of Railway Traffic and Service, Directorate General Railways, Ministry of Transportation said the tender for Airport Railway will start soon and in September, we had get the name of tender winner.

Further, he mention if the tender participants only two, the second tender process will open and if in both tender only one company participate then the ministry will start a negotiation with that company.

The tender value for Airport Railway project are IDR 4.6 trillion with 30 year concession period and could be extend for another 10 year.

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