JAKARTA (Yosefardi) – Paghegar Group through PT Sarana Infrastruktur Indonesia (SII) and PT Jasa Sarana (JS) have set up a joint venture company PT Jabar Moda Transportasi (JMT) which focuses on monorail construction project in West Java.
SII holds 20% ownership on the joint venture while JS, owned by the West Java regional government, controls 80%.
China National Machinery Import and Export Corporation (CMC) would also joint into the joint venture and will take 40% interest.
For first phase, the monorail project will connect Leuwipanjang, Gedebage, and Tanjungsari with investment cost of around Rp6-8 trillion.