JAKARTA - State Capital Participation (PMN) for PT Kereta Api Indonesia (Persero) or KAI has not yet received confirmation that it will be approved or not. The Ministry of SOEs proposes PMN for KAI worth IDR 4.1 trillion, but it has not been approved. The PMN is to run the Jakarta-Bandung High Speed Rail (KCJB) project.
Special Staff to the Minister of SOEs Arya Sinulingga revealed that PMN's reasons for the Jakarta-Bandung high-speed rail project had not been disbursed. He said this was because the final figures for the cost overrun of KCJB had not been determined.
Furthermore, Arya said the disbursement of PMN would wait for the latest results of the audit conducted by the Financial and Development Supervisory Agency (BPKP). Although previously there had been an interim swelling number submitted.
"Still waiting for the decision of the KCJB Committee," he told reporters at the Ministry of SOEs, Thursday, September 29.
Arya said, after the final figures of the cost overrun or cost overrun were submitted, it was then decided how much PMN funds were needed.
"That's why we are waiting (the final amount of the cost overrun), after that there will be a decision, the KCJB Committee will decide how much is really needed. If it hasn't been released, we can't (can we get PMN), but we can propose," he said.
"Regarding what will be reduced or what will be, it's up to you," he added.
Need Funds IDR 3.2 trillion
KCJB needs PMN to cover the cost overrun. The value is IDR 3.2 trillion.
This was conveyed by the Deputy Minister of BUMN II, Kartika Wijoatmodjo to reporters, quoted Thursday, September 29.
"The need for PMN from the government may be around Rp. 3.2 trillion," said Tiko, Kartika's nickname.
Tiko said the KCJB project budget would be patched from loans (loan) or debts in banks and PMN. Tiko said the loan was allocated to increase 75 percent of the total budget overrun for this national strategic project (PSN).
Meanwhile, Tiko continued, 25 percent of the total cost overrun was covered by the Indonesian consortium, namely PT Pilar Sinergi BUMN Indonesia (PSBI) and the China Railway International Co. Ltd consortium. One of them is through PMN which will later be given to PT KAI (Persero).
Tiko explained that the equity portion of 25 percent did indeed come from PMN. Previously, it was planned to use the budget of PT Wijaya Karya (Persero) and PT KAI (Persero). However, because the finances of these two companies were problematic due to the impact of COVID-19, they were transferred to PMN.
"So the portion of equity is 25 percent, we are PMN. At first we were not PMN, we used money and kai, because COVID-19 KAI also had problems, we strengthened the KAI," he said.
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