Foreign investors ready to invest in monorail project

Four foreign investors have expressed their interest to cooperate in the development of a monorail between Serpong and the Soekarno-Hatta airport.

“There are already four foreign investors expressing their interest in the monorail development project,” chairman of Commission IV of the Banten provincial legislative assembly, Sonny Indra Jaya, said here on Tuesday.

He said the four investors are She Jiang from China, Samsung and Daewoo from South Korea and from Singapore and Japan.

“They have already held meetings and discussed the program with the regional office of transportation, communications and information,” he said after an expose on the monorail project at Hotel Santika BSD attended by officials from the transporation, communications and information service officials from South Tangerang and Banten.

Sonny said there was also an investor from within the country that had expressed its interest, namely Alfatex Bahtera.

“It is still mere talks as study still has yet to be made first with regard to the project,” he said.

He said the results of the study were expected to be able to be submitted to the National Development Planning Board (Bappenas) for further discussion and a follow-up.

“The regional legislative assembly (DPRD) would help facilitating the process including the feasibility study that would be started this year so that it could be finished as scheduled,” he said.

The head of the Banten regional office of transportation, communications and information, Muhammad Husni Hasan, said nothing like in Jakarta would happen in the project.

In view of that he said his office was still conducting a study on its feasibility and other impacts including the funding so that the program would be successful.

“What has happened in Jakarta is because traffic has been complicated there. Unlike in South Tangerang where traffic improvements and orders could still be done,” he said.

The Banten office of transportation, communications and information predicts the project could be carried out in three years` time after the study was finished in 2011.
The project is estimated to cost Rp3 trillion from the central and regional budgets and private parties.

The monorail would expand from Rawa Buntu, Serpong, to Soekarno-Hatta which is 28 kilometer long and to be taken in 20 minutes at a fare of Rp20,000 one way.

The route is Rawa Buntu Station, WTC Serpong, Alam Sutera, Gading Serpong, Serpong Town Square, Modernland, Tangerang Station, Tangerang city hall, Sekar Wangi, Garuda Station, Terminal 1,2 and 3 of the Soekarno Hatta airport.

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