JAKARTA - Formula E has been officially postponed for two years until 2022 due to the COVID-19 pandemic. The Regional-owned Enterprise (BUMD) that organizes Formula E, PT Jakarta Propertindo (Jakpro) is sure that the Formula E title will later revive economic conditions.

PT Jakpro's Sportainment Project Director, M. Maulana explained that materially, this electric-powered car racing event could trigger an economic revival due to the COVID-19 pandemic.

"The holding of the Jakarta Eprix 2022 event will be one of the triggers for the revival of the economy of Jakarta and Indonesia which has been hit by the global COVID-19 pandemic. Many people from within and outside the country will come to Jakarta, shop in Jakarta, and stay overnight in Jakarta", he said. Maulana in his statement, Tuesday, March 23.

According to him, there are also advantages to the non-material side of the Formula E title. Maulana said that the name of the capital city would be known to the world because Formula E was broadcast on foreign television.

"Imagine, millions of people will enjoy this event, including citizens of other countries of the world who watch it through international television broadcasts", he said.

Maulana also explained the reason for the DKI Jakarta Provincial Government not being able to withdraw the commitment fee that has been paid each year. Even though Formula E was officially postponed until 2022. The hundreds of billions of rupiah could not be withdrawn because Formula E was not canceled.

"We don't want to cancel Formula E in Jakarta, we just postpone it. Therefore, the commitment fee that has been paid will be used for the implementation of this event in 2022", said Maulana.

Maulana explained that the commitment fee is the money normally paid by the city to host international championships, such as the electric-powered car racing event.

Moreover, according to him, the commitment fee will be used to finance the logistics of the event, the cost of lodging for the riders and their teams, which total nearly 2.000 people, the making of the event stands, prizes for the winners, and the cost of certifying this event to comply with international standards.

"This includes international television airtime costs that broadcast this event live, where the face of Jakarta will appear in it and become the world's spotlight", he explained.


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