Friday, June 02, 2006

Dubai ask for guarantee for their US$ 600 million

Dubai Islamic Bank has confirm that they will support Jakarta Monorail Project in Indonesia. The project will cost arround US$ 600 million. DIB ask for guarantee from Indonesia's government , related for their money and the project. " This isnt because DIB dont want to help, but because they need some clauses for loaning that money " said Sutiyoso, Governor of Jakarta. Sutiyoso will make sure that DIB will helping the monorail project.

The ammount of cost for the monorail project still havent been detailed, but the project is already started. The monorel line build from Rasuna Said street to Senayan site. The length is about 28 kilometres. Government hope that after the project finished, number of traffic of Jakarta can be decrease.

Before the monorail project, Jakarta's government has finished the Bus Way project, a clear street that can be use by bus only. Same with the Bus Way project, Monorail project also makes some problem here. There are so many traffic point related to the construction area, because the construction area taking place in high density street.

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