Korea Rail Network Authority Launches Full-Scale Development of Jakarta Urban Rail Phase 4

MOU with Jakarta Urban Rail Company, Indonesia

The Korea Rail Network Authority signed a "Cooperation Agreement for the Development of Jakarta MRT Phase 4" with the Jakarta Mass Rapid Transit Company in Indonesia. From left to right in the photo are Im Hangyu, Head of KIND, Lee Jaewoo, Head of Overseas Business Division at the Korea Rail Network Authority, Lee Kanghoon, President of KIND, William Sabandar, CEO of PT.MRTJ, and Lee Byungsoo, Vice President of Samsung C&T Construction Division.

The Korea Rail Network Authority announced on the 31st that it has signed a Memorandum of Understanding (MOU) with the Jakarta MRT Company to jointly promote and strengthen cooperation for the Jakarta MRT Phase 4 project in Indonesia.

This agreement was signed by a joint consortium consisting of the Authority, the Korea Overseas Infrastructure & Urban Development Corporation, and Samsung C&T Construction Division, agreeing to mutually cooperate with the Jakarta MRT Company on planning, construction, operation, financing, and transit-oriented urban development for the Jakarta MRT Phase 4 project.

The Jakarta MRT Phase 4 project covers a total length of 12 km from Jakarta's Fatmawati to Taman Mini, including 10 stations and 1 depot, with a total project cost of 1.5 trillion KRW for construction and vehicle procurement.

The Authority plans to hold a feasibility study result briefing next month for ordering agencies including the Jakarta provincial government, and will actively promote Korean railway construction technology and systems to concretize the project and pursue active bidding activities.

Chairman Kim Han-young said, "Recently, there has been great interest in public-private partnership (PPP) railway projects in Southeast Asian countries including Indonesia. Through this agreement, by strengthening cooperation with the ordering parties from the infrastructure planning stage, opportunities to win local PPP projects including the Jakarta MRT will increase."

Meanwhile, the Authority successfully completed the Jakarta LRT Phase 1 construction project in 2019 and is currently conducting the feasibility study (PMC) for Jakarta LRT Phase 2 and services to strengthen LRT operational capabilities.

This content was produced with the assistance of AI translation services.