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Marubeni Corporation Signs Yen Loan Agreement with Indonesia: Contributing to alleviating traffic congestion in the Jakarta metropolitan area through the construction of an urban rapid transit system (MRT) | News & Media

Posted on 2024-05-142024-05-25 by Editor in Chief

On May 13, the Japan International Cooperation Agency (JICA) signed a Loan Agreement (L/A) with the Government of the Republic of Indonesia in Jakarta, Indonesia, for a loan of up to 140,699 million yen for the East-West Line Project (Phase 1) of the Jakarta Metropolitan Area Urban Rapid Transit Project. The project is designed to reduce traffic congestion by reducing the number of vehicles in the area and by reducing the number of cars in the area. This project is to construct an urban rapid transit system (MRT) connecting the center of Jakarta to the east and west in the Jakarta metropolitan area, where traffic congestion is serious. The project aims to meet the increasing demand for transportation and to shift the modal shift from cars and motorcycles to public transportation, thereby reducing traffic congestion, improving the living and investment environment, reducing environmental impacts, and contributing to the fight against climate change. (Create a sustainable city) and Goal 13 (Take concrete measures against climate change) of the SDGs. Signing ceremony Signing ceremony

The yen loan is subject to Japanese technology utilization conditions (STEP) (see note), and Japanese technology will be used in the civil engineering work, including the mud shield method, in which Japanese companies excel, as well as in vehicles and signaling systems.

(Note) Abbreviation for Special Terms for Economic Partnership. Terms and conditions for the provision of yen loans established to promote Japan’s “face-to-face assistance” through the transfer of technology to developing countries utilizing Japan’s superior technology and know-how. The main contractor is Japan Tide and the subcontractor is General Untied. The main contractor must be either a Japanese company, a subsidiary of a Japanese company located overseas, or a joint venture (JV; the Japanese company is the lead partner) between a Japanese company and the borrowing country. Under certain conditions, a JV between a Japanese company and an equity-method affiliate of the Japanese company (with the Japanese company as the lead partner) can also be the lead contractor.

Details of the project are as follows

Amount and conditions of loan

Project name Loan amount

(Millions of yen) Interest rate (%/year) Redemption period

(years) Settlement period

(Year) Procurement Terms Main Body Consulting Services Jakarta Metropolitan Urban Rapid Transit East-West Line Project (Phase 1) (Phase I)

(Jakarta Metropolitan Mass Rapid Transit East-West Line Project Phase 1 (I)) 140,699 0.30 0.20 40 10 Japan Tide

  1. project implementing organization

Directorate General of Railways, Ministry of Transportation

Address: Jl. Medan Merdeka Barat No. 8 Jakarta 10110

TEL: +62-21-3505558 FAX: +62-21-3523643

Provincial Government of DKI Jakarta

Address: Jakarta Provincial Government Building, Jl. Mean Merdeka Selatan No. 8-9, Jakarta 10110

tel: +62-21-3822159 fax: +62-21-3842871:

Jakarta MRT operator (PT Mass Rapid Transit Jakarta)

Address: Wisma Nusantara, 21st Floor, Jl. M.H. Thamrin 59, Jakarta 10350

TEL: +62-21-3103629 FAX: +62-21-3155846

  1. Schedule for future project implementation (tentative)

(1) Project completion date: June 2031 (The project will be completed when the facilities in the first section of Phase 1 Stage 1 are put into service.)

(2) Scheduled date of sending invitation for consulting services (construction supervision, etc.): First half of 2025

(3) Publication of bids for the first procurement package through international competitive bidding for the main body of work: first half of 2025

  1. JICA information desk

For information on the procurement schedule for this project, please contact the following office.

Japan International Cooperation Agency Indonesia Office Transportation Sector Information Desk

(Contact Point for Transportation Sector, JICA Indonesia Office)

Address:Sentral Senayan II, 14th Floor Jl. Asia Afrika No. 8, Jakarta 10270, INDONESIA

tel: +62-21-5795-2112, fax: +62-21-5795-2111

read more

© Source JICA

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