Jakarta: PT Kereta Api Indonesia (KAI) in collaboration with PT MRT Jakarta. The two companies formed a joint venture to integrate public transportation in the capital.
DKI Jakarta Governor Anies Baswedan appreciated the execution of the joint venture. PT MRT Jakarta owns 51 percent of the company's shares and PT KAI owns 49 percent.
"That means millions of Jakarta residents will be able to move from one mode to another freely, easily. This integration is in the management aspects, in the aspects of the route, and in ticketing," Anies said at the Jakarta City Hall, Jakarta on Monday 9 December 2019.
Anies hopes this integration will provide extra services for passengers. Communities can more easily move between modes of transportation.
"So, in less than two months, it is complete until the HoA (Head of Agreement or initial agreement)," Anies added.
Deputy Minister of State-Owned Enterprises Kartika Wirjoatmodjo was present at the signing of the cooperation. He targets this joint venture to be effective in 2020.
This is a manifestation of the Ministry of SOE's commitment to synergize with local governments in building infrastructure and connectivity. Meanwhile, Managing Director of PT KAI (Persero) Edi Sukmoro guaranteed the formation of the company in order to boost public interest in using mass transportation.