Companies
The government has been pushing for the integration of both firms since 2016 in a bid to address challenges faced by KAI in procuring railways, while also expecting the merger to improve delivery reliability and quality of railway equipment.
On right track: A commuter train operated by PT Kereta Commuter Indonesia, a subsidiary of state railway company PT KAI, passes Jatinegara Station in East Jakarta on April 15. The railway’s peak hours changed from 7 a.m. to 8 a.m. and 5 a.m. to 6 p.m. during COVID-19 period. (JP/Yulianto Catur Nugroho)
State-owned railway operator PT Kereta Api Indonesia (KAI) aims to complete the acquisition of train manufacturer PT Industri Kereta Api (INKA) in November, with support from state asset fund Danantara. KAI portfolio management and information technology director I Gede Darmayusa unveiled the plan in a meeting with the House of Representatives Commission VI, which oversees state-owned enterprises (SOEs), on Wednesday.
Under the roadmap for this year, the acquisition agreement is expected to be signed in November, Gede said.
