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Company News
PT KA Prepares Funding for Train Route to Airport
Bisnis Indonesia, page 5 (26-June-2006)
PT Kereta Api (PT KA) has prepared basic capital of Rp.400 billion to be deposited to PT RaiLink, a joint venture between PT KA and Angkasa Pura II that holds concession rights for the management of train route heading to the Soekarno-Hatta International Airport. PT RaiLink will set the construction priorities that have to be actualized soon as demands for to/from airport transportation increases. For the first phase, the amount mentioned previously will be allocated to construct facilities and infrastructure for the Manggarai to Soekarno-Hatta route. For the Soekarno-Hatta project, the government has asked that RaiLink co-operate with Jakarta’s Provincial Government (as space provider) and PT Industri Kereta Api (as train facilities’ provider). PT RaiLink will also be in charge of two other concessions, one in Kuala Namun (North Sumatra), and another in Minangkabau (West Sumatra).
PT KA Increases Cargo Load Capacity
Bisnis Indonesia, page 5 (21-June-2006)
Starting this year up to 2009, PT Kereta Api will increase its cargo capacity and building of freight trains on 17 corridors in Java, Sumatra, and Borneo to take advantage of unused potential. If the capacity increase is realised, then KA’s cargo income in 2006 will reach Rp.1,066 trillion, nearing its passenger income of Rp.1.72 trillion.
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