Fitra Suspected Some Political Interests Behind Fast Train Project
Fitra Suspected Some Political Interests Behind Fast Train Project
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JAKARTA - Indonesian Forum for Budget Transparency (Fitra) revealed a loss that would be experienced by Indonesia if the railway construction project quickly Jakarta-Bandung still run. The government was asked to review the project development plan business to business (B to B) with the Chinese.
Fitra Junior Researcher, Gulfino Guevarrato said that the current condition of State Owned Enterprises (SOEs) that work on the project has not been strong enough. The state-owned company that is included in the consortium is a fast train PT Wijaya Karya (Persero) Tbk, PT KAI (Persero), PT Jasa Marga (Persero) Tbk, and PT Perkebunan Nusantara VIII (Persero).
He said the budget needed for the project is quite fantastic, which is about 5.5 billion, equivalent to Rp 77 trillion. While KAI last year, has just lost 25 percent of its earnings as dividends withdrawn by the government. Then pay the debt investment of Rp 1.2 trillion.
"And began to pay off debt investment of Rp 1.2 trillion. KAI delay the purchase of trains poor financial showing," he said at the National Secretariat of Fitra, Jakarta, Monday (2/15).
Not only was he said, a consortium of fast trains will also be burdened with high interest on loans of China for the construction of a fast train from Jakarta to Bandung. Moreover, according to him, the debt imposed on the SOE there are two types of interest in Dollars (USD) and Yuan.
Explained that, the China Development Bank provides loans to Indonesia around 75 percent of the 5.5 billion or about USD4,1 billion with a tenor of 40 years. USD borrowings in the form of about 60 percent with a 2 percent interest per year, while loans in yuan 40 percent with 3.4 percent interest.
"That means the company will pay an interest of Rp 917,4 billion per year for loans in dollars, and Rp 1.04 trillion per year in the form of yuan," he explained.
The company, he continued, plans to open 11 train set consisting of 8 carriages. Assumed, the train will transport 12,826 passengers leave and return to one trip. While in the data Fitra, the number of passengers Train Argo Parahyangan has continued to decline though less than the ticket price is pegged fast train 225 thousand.
In 2010 the number of passengers 592 434 decline in 2011 amounted to 436 244. In 2012 the number of passengers back shrunk 398 938.
"We compared Argo Parahyangan, three years of establishment is always decreasing every year," he said.
In addition, he also explained, Japan which already operate a new Shinkansen bullet train need eight years of operation to get profit. And China, according to him, only one fast train which turnover from five are operated.
"The goal is to build more advanced in the area of infrastructure distribution such technology, but there is a political interst. It becomes bone of contention," he concluded.
Fitra Junior Researcher, Gulfino Guevarrato said that the current condition of State Owned Enterprises (SOEs) that work on the project has not been strong enough. The state-owned company that is included in the consortium is a fast train PT Wijaya Karya (Persero) Tbk, PT KAI (Persero), PT Jasa Marga (Persero) Tbk, and PT Perkebunan Nusantara VIII (Persero).
He said the budget needed for the project is quite fantastic, which is about 5.5 billion, equivalent to Rp 77 trillion. While KAI last year, has just lost 25 percent of its earnings as dividends withdrawn by the government. Then pay the debt investment of Rp 1.2 trillion.
"And began to pay off debt investment of Rp 1.2 trillion. KAI delay the purchase of trains poor financial showing," he said at the National Secretariat of Fitra, Jakarta, Monday (2/15).
Not only was he said, a consortium of fast trains will also be burdened with high interest on loans of China for the construction of a fast train from Jakarta to Bandung. Moreover, according to him, the debt imposed on the SOE there are two types of interest in Dollars (USD) and Yuan.
Explained that, the China Development Bank provides loans to Indonesia around 75 percent of the 5.5 billion or about USD4,1 billion with a tenor of 40 years. USD borrowings in the form of about 60 percent with a 2 percent interest per year, while loans in yuan 40 percent with 3.4 percent interest.
"That means the company will pay an interest of Rp 917,4 billion per year for loans in dollars, and Rp 1.04 trillion per year in the form of yuan," he explained.
The company, he continued, plans to open 11 train set consisting of 8 carriages. Assumed, the train will transport 12,826 passengers leave and return to one trip. While in the data Fitra, the number of passengers Train Argo Parahyangan has continued to decline though less than the ticket price is pegged fast train 225 thousand.
In 2010 the number of passengers 592 434 decline in 2011 amounted to 436 244. In 2012 the number of passengers back shrunk 398 938.
"We compared Argo Parahyangan, three years of establishment is always decreasing every year," he said.
In addition, he also explained, Japan which already operate a new Shinkansen bullet train need eight years of operation to get profit. And China, according to him, only one fast train which turnover from five are operated.
"The goal is to build more advanced in the area of infrastructure distribution such technology, but there is a political interst. It becomes bone of contention," he concluded.
(rnz)
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