MAKASSAR (Yosefardi) – PT Haji Kalla or Kalla Group decided to exit from monorail project in Makassar, South Sulawesi due to investment concern, Bisnis Indonesia reported this morning.
Kalla Group had conducted the feasibility study for the project but the conclusion reflected that the investment would not match with the profit, meaning business wise, the project is not feasible.
The project was signed in July 2011 with investment cost of Rp4 trillion, funded by Kalla Group as investor. Also involved on the memorandum of understanding (MoU) for the project are the regional governments of South Sulawesi province, Makassar city regency, Maros regency, and Gowa regency.