The Bali Provincial Administration reveals that the Bali Subway project development has got new investor or partner with the planned investment of US$20 billion (Rp325 trillion).
Ari Askhara, President Director of PT Sarana Bali Dwipa Jaya (SBDJ), said that the company which manages the project alongside the investor will build all the underground rail infrastructure in stages.
“After assessment with the consultant, we selected a qualified investor, namely PT Bumi Indah Prima, as the main investor that can coordinate other investors to join in,” Ari said on Wednesday, July 24, 2024.
The Bali Subway Project development will be divided into four phases. The first and second phases are targeted to be completed in 2031, with an investment of US$10.8 billion (Rp175 trillion).
The first phase will be the construction of the Ngurah Rai Airport-Central Park-Seminyak-Canggu subway route, the second on the Ngurah Rai Airport-Nusa Dua route, the third will be the route to Sanur, and the fourth will be to Ubud.
Speaking about the bidding process, Ari said that candidate investors were requested to submit their vision, business plan, project structure, and so on before being determined to qualify.
Initially, about five investors expressed their interest in investing in the project. Then, SBDJ appointed an investor who was ready to invest without a guarantee of state funding.
Sang Made Mahendra Jaya, Acting Governor of Bali expressed hope that the Bali Subway project development would absorb as many local workers as possible.
“The tickets must not be expensive for the local Balinese. It must be subsidized by the company,” Made Mahendra said.
