Jakarta MRT set to end first year in the black

The operator of Jakarta's mass rapid train, MRT Jakarta, is on course to book a profit in its first year of operation, paving the way to become a publicly listed company in the next three years.  The company is set to earn Rp 60-70 billion ($4.2-4.9 million) in net income by the end of this year, William Sabandar, MRT Jakarta's managing director, said on Wednesday. The underground and overground train line started commercial operation in April and William said the company could earn Rp 1 trillion in revenue by next month.

November 28 2019, The Jakarta Globe - Read 121 times

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