Jumat, 05 Agustus 2011

PT Jakarta Monorail yet to accept city s offer

JAKARTA Monorail developer PT Jakarta Monorail said it would study the administrations offer of buying the project at Rp 203 billion (US$22.3 million).

The project value is based on the assessment of the State Development Finance Comptroller (BPKP).

The companys director, Suk-mawaty Sjukur, said she had not received the BPKPs report on the valuation of the project.

"After we receive the report, we will negotiate it with the administration," she said.

Initially, the projects negotiation was stalled since the company and the administration have different estimates for the projects assets. It proposed the administration pay Rp 600 billion to take over the project.

The BPKP was then appointed mediator, which stepped in to assess the assets. Before the take over plan, the monorail project was constrained by funding problems

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