PT Mass Rapid Transit Jakarta (PT MRT Jakarta) was incorporated in June 17, 2008, after the approval of DKI Jakarta Local Legislative Parliament through Local Act No 3/2008 about Local Government Shares in the Establishment of PT MRT Jakarta.
As a company, the category of business of PT MRT Jakarta is in land transportation, with the main activities of business is city public rail transportation services, which includes development, operations, maintenance, and business from the MRT infrastructure and facilities, including area around MRT Depot and Stations.
PT MRT Jakarta shareholders composition is,
• Provincial Government of DKI Jakarta 99.5%
• PD Pasar Jaya 0.5% (PD Pasar Jaya is Regional Owned Government Company which managed all the public market in Jakarta)
PT MRT Jakarta will be responsible to all activities starting from the Engineering Service, Construction through Operations dan Maintenance.
In the Engineering Service Phase, PT MRT Jakarta will be responsible to the Pre-Qualification Process and Contractor Procurement. In the Construction Phase, PT MRT Jakarta, in the name of DKI Jakarta Provincial Government, will sign the contract with the construction company, procurement assistance consultant and the operations and management consultant. In the operation and maintenance phase, PT MRT Jakarta will be the operator company, responsible for the operations and maintenance of the whole business, including the challenge to create enough demand to generate adequate revenue for the company.
PT MRT Jakarta was designed and born based on recommendation from the study conducted by JBIC and agreements between JBIC and Government of Indonesia to become a single window of activities to make sure the completion of the project. Based on past experience, the absent of one single entity could complicated and postponed the execution of project.