KCIC Asks For A Fast Train Concession Period To 80 Years, Minister Of Transportation Budi: The Terms For Add Investment

Minister of Transportation (Menhub) Budi Karya Sumadi is considering the request of PT Kereta Cepat Indonesia China (KCIC) to increase the concession period or operation time of Jakarta Bandung (KCJB) from 50 years to 80 years.

Budi said that the request for additional concessions could be approved. However, he continued, there are conditions that must be met.

"I consider it can be done, but indeed if it is 80 years there is an obligation from the high-speed train to add to the things that are invested. Because by law, 80 years old, he can," he told reporters, Tuesday, December 27.

The government's decision to grant KCIC's request regarding the extension of the KCJB concession period will be announced within the next one to two months.

"But on condition that they also increase their investment. What investment we are talking about. The agreement may be 1-2 months is complete," he explained.

Previously it was reported that the Government had not yet decided to approve the addition of the KCJB concession.

Currently, PT KCIC is proposing an additional concession from 50 years to 80 years. Director General of Railways of the Ministry of Transportation, Risal Wasal explained that the government has not taken a stance to approve or reject it. He said the government was still in the position of reviewing what was requested by the KCIC.

Concession 80 years is a reference from KCIC, the government has not decided. We are still in the position of reviewing what KCIC requested," he told reporters, written Tuesday, December 13.

Even so, Risal said, the study had not yet been carried out by the Directorate General of Railways at the Ministry of Transportation.

The reason is, there are no supporting data provided by KCIC.

"If the data is done, we will start reviewing it. If it is needed, we will discuss further what it looks like," he said.