Jakarta Monorail
Jakarta plans to build two monorail routes, a green line and the blue line, at an estimated total cost of US$650 million. The monorail is envisioned as part of a future integrated mass rapid transportation system.
Officials initially said the green line was due to be completed by the end of 2007, but this has been delayed by funding problems.
The project will start again next month but it will be difficult to complete the green line by the end of this year due to the long delay.
The 14.3-kilometer green line will run through Central Jakarta and South Jakarta, from Jl. Rasuna Said to Jl. Gatot Subroto and the Sudirman Business District, on to Senayan, Jl. Pejompongan and back to Jl. Rasuna Said.
JM (Jakarta Monorail) had previously named Hong Kong train operator Mass Transit Railway Corporation (MTRC) as its partner, but after the new regulation was issued recently it teamed up with PT KA as well.
Dubai Islamic Bank has agreed to invest US$500 million in the project, as long as the central government and the city administration guarantee to cover the losses if the number of monorail passengers falls below 160,000 a day.