Malaysian Investors to Start Deep Tunnel Project

Malaysian investor has shown its interest to manage Jakarta Deep Tunnel project. Nik Zamri Majid Dato, a project consultant of Committee on Revival of Abandoned 

Projects, the Malaysian investor is currently waiting for the approval from Jakarta Governor Joko 'Jokowi' Widodo. 

"We’re still waiting for the governor's decision before starting the project," said Nik during his visit to Tempo earlier today.

Nik said he was ready to conduct a feasibility study as a prerequisite to start the project as it has a business potential. According to him, the investor is willing to cover costs incurred by the feasibility study.

If the study showed that the project is not feasible, the investor would bear the risk of losses, but it would not be a problem as "Every company spares 10 percent of its budget for advertising. So, if the feasibility study shows bad results, we will consider it as an advertising cost," he said.

However, Nik said he would ask for an incentive from the government if the project is feasible. He requested the investor that conducts the feasibility study to have the main role in the project.

Source : Tempo