Abstract Railway transportation is one of the promising infrastructure sectors that potentially become economic backbone of Indonesia in the future years. Greater Jakarta Light Rail Transit (LRT) is a railway project development that aims to provide alternative accessibility for commuters and in longer run expected to reduce vehicles population. Although other sectors are already familiar with contracting out operation and maintenance, the application for railway sector is relatively new either for regulator, operator and also supporting industries. This research aims to contribute financial simulation of operation and maintenance particularly in Greater Jakarta LRT project to help the regulator in gaining insight, producing better regulatory framework and propose the best contract for business entity. The result shows that procurement of rolling stock for about US$126 million shall supported by the government meanwhile depot construction that estimated around US$20.87 million belong to private responsibility. The concept of operation and maintenance contract in this research produce significant rate of return for business, government has the opportunity to provide infrastructure and the people get reasonable tariff for their transportation cost.
Financial Simulation in Operation and Maintenance of Railway Transportation: A Case Study of Greater Jakarta Light Rail Transit
2017-12-19
7 pages
Article/Chapter (Book)
Electronic Resource
English
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