Anies Forces To Hold Formula E, PSI Party Asks For Its Feasibility Study

ILLUSTRATION/UNSPLASH

JAKARTA - DKI Jakarta Governor Anies Baswedan targets Formula E to be implemented in June 2022. This is stated in the Governor's Instruction (Ingub) Number 49 of 2021 concerning the Settlement of Regional Priority Issues for 2021-2022.

In response to this, a member of the PSI Party faction of the DKI Jakarta Regional Representative Council (DPRD), Anggara Wicitra Sastroamidjojo, urged Anies to submit the results of a feasibility study in holding Formula E.

In the report on the results of the DKI Provincial Government's financial audit, the Indonesian Supreme Audit Agency (BPK) asked DKI to refine the results of the feasibility study for the preparation of Formula E taking into account the COVID-19 pandemic.

"It is also called a feasibility study, this will determine whether it is feasible or not. Don't force your ego and waste people's money", Anggara said in his statement, Tuesday, August 10.

Anggara revealed, in a feasibility study on the composition of profits from the implementation of Formula E in the capital during 2020-2024, which was previously made, PT Jakarta Propertindo claimed a total profit for 5 years of IDR 3.12 trillion, consisting of financial income of PT Jakpro IDR 544 billion and economic impact of IDR 2.58 trillion.

Unfortunately, the feasibility study does not include a commitment fee that must be paid by the DKI Youth and Sports Office (Dispora) every year.

In the 5-year contract, the 5-year commitment fee was recorded at £122.1 million or around IDR 2.35 trillion.

There is also a cost for PT Jakpro's capital investment to pay for a bank guarantee whose value increases by 10 percent every year, a total of IDR 890 billion for 5 years.

"So the total cost of implementation that was not recorded in the previous feasibility study reached IDR 3.24 trillion", he explained.

The problem is, if the commitment fees and bank guarantees are taken into account, the total costs disbursed change from IDR 1.24 trillion to IDR 4.48 trillion. When compared to the claimed profit of IDR 3.12 trillion, Formula E actually made the DKI Provincial Government lose IDR 1.36 trillion.

"The calculation with conditions before the pandemic alone has confirmed a loss of IDR 1.3 trillion, now we are waiting for the revision of the feasibility study with the pandemic conditions. Open the feasibility study to the public, so that everything is clear, is Formula E worth holding? Is Formula E worthy of being a regional priority issue? Is this the governor's priority or the priority of the citizens of Jakarta?”, he said.

It is known that Anies still maintains the desire to organize Formula E, even though Jakarta is not included in the calendar for 2022. This effort is carried out by renegotiating with Formula E Operation (FEO), the manager of Formula E in New York, United States.

In addition, PT Jakarta Propertindo also conducted a study on feasibility study of the economic, social, and environmental impacts on the implementation of the Formula E event.

The feasibility study was again carried out due to the postponement of the implementation of Formula E which was originally held in June 2020. This study was carried out with the consideration of the COVID-19 pandemic.