PREFACE
This book is a summary of a study of “pre-feasibility study Bandung Monorail Corridors 1 and 2”. The book is structured as information and guiding to implement investment projects as outlined in the materials based
on the results of studies that have been done previously.
Basically, this book discusses some of the following:
Introduction, contains the background, purpose of Monorail Bandung, role function and monoral Bandung general guideline of coorperation goverment with agency in providing infrastructure.
Technical aspects of the monorail, contains about the types of technology, facilities and infrastructure needs of the monorail, typical of
monorail cross-section track and monorail illustrations line.
Development Monorail Track, contains trace election considerations,
justification allignment, land use and loading profile each corridor.
Estimated Potential Users, contains the potential scenarios and user
demand monorail and estimate travel needs.
Feasibility analysis, results analysis estimated the costs and economic benefits, the net cash flow and economic analysis and financial feasibility.
Institutional, contains a spectrum of coorperation goverment-private, some examples cases of monorail and some alternative coorporation.
We hope this book can be useful and the best use.
Bandung,
July 2014
Head of Bandung Department of Transportation
TTD
E.M. RICKY GUSTIADI, ATD, SE, MT
Pembina Tingkat I
NIP. 19660824 198903 1 003
i
TABLE OF CONTENTS
PREFACE ................................................................................................... i
TABLE OF CONTENTS ............................................................................... ii
INTRODUCTION ....................................................................................... 1
BACKGROUND ..................................................................................... 2
OBJECTIVES ........................................................................................... 3
ROLE FUNCTION .................................................................................. 4
GENERAL GUIDELINES OF PPP ON INFRASTRUCTURE DEVELOPMENT ...... 5
MONORAIL TECHNICAL ASPECTS ............................................................ 6
THE TYPES OF TECHNOLOGY ................................................................. 7
MONORAIL FACILITIES AND INFRASTRUCTURE NEEDS ........................... 8
CROSS SECTION TYPICAL OF MONORAIL ............................................. 9
MONORAIL ILLUSTRATION ................................................................... 10
MONORAIL DEVELOPMENT .................................................................... 11
CONSIDERATIONS of DEVELOPMENT ................................................... 12
BANDUNG METROPOLITAN MAIN CORRIDOR ..................................... 13
BANDUNG CITY TRANSPORTASION SYSTEM ........................................ 14
CROSS-SECTIONAL TYPICAL ROADS ................................................... 15
SELECTED ROUTE OF MONORAIL CORRIDOR 1 AND CORRIDOR 2 ....... 16
SELECTED ROUTE JUSTIFICATION - CORRIDOR 1 .................................. 17
SELECTED ROUTE JUSTIFICATION - CORRIDOR 2 .................................. 18
BANDUNG SPACE DEVELOPMENT PLAN ............................................... 19
CORRIDOR 1 PROFILE .......................................................................... 20
CORRIDOR 2 PROFILE .......................................................................... 21
ii
POTENTIAL USERS ESTIMATION .............................................................
POTENTIAL DEMAND SCENARIO ON MONORAIL .................................
POTENTIAL USERS MONORAIL .............................................................
TRAVEL NEEDS ESTIMATION (Trip / day) ................................................
22
23
24
25
FEASIBILITY ANALYSIS ............................................................................
COST NEEDS ESTIMATION ...................................................................
ECONOMIC BENEFITS ESTIMATION ......................................................
NET CASH FLOW ..................................................................................
ECONOMIC FEASIBILITY EVALUATION ..................................................
26
27
28
29
30
INSTITUTIONAL .....................................................................................
SINGAPORE MRT: SUCCESSFUL CASES .................................................
JAKARTA MRT FINANCIAL FEASIBILITY EVALUATION ..............................
ANNUAL NET CASH FLOW -1 ..............................................................
ANNUAL NET CASH FLOW -2 ..............................................................
31
32
33
35
36
iii
INTRODUCTION
01
INTRODUCTION
BACKGROUND
Bandung city as the
center of activities
Especially trade, services,
education, industry and tourist
destination
Increased economic
growth and
population
Sustainable infrastructure development to support socio-economic
activities of society
The necessity of an
efficient urban
transport system
Mass transit systems, particularly
rail-based mass transportation
Technology of mass
transportation
MRT, LRT, Monorail, H-Bahn &
Aeromovel
02
INTRODUCTION
OBJECTIVES
Bandung city LRT was built to address the congestion growing. LRT also
serves to provide the best services to the users of public transportation
the city of Bandung.
03
ROLE FUNCTION
as a backbone Bandung city
public transport
As a Feeder of Bandung city public
transport
As Land Mark Architecture of
Bandung city
04
INTRODUCTION
GENERAL GUIDELINES OF PPP (PUBLIC RRIVATE PARTNERSHIP) ON
INFRASTRUCTURE DEVELOPMENT
Planning
of Project
Cooperation
Cooperation
Project Priority
List (potential,
prospective
and ready to
be offered)
Preparation of
Project
Cooperation
Preparation of pre-feasibility
study Initial Assessment
- Legal and institutional
Basic Design
- Project Feasibility
- Environmental and social
- Forms of Cooperation
- Support / Warranty
government
Transaction
of Project
Cooperation
Implementation
Management and
Cooperation Agreement
- End of the
study prefeasibility
study and a
draft
procurement
plans
Enterprises
- Public auction
Enterprises
- Planning and
Implementation
Management
Cooperation
Agreement
Implementation
- Performed on
Period: Preconstruction,
construction, operation,
and termination of the
Agreement Period
Preparation readiness
assessment
(institutional, tread,
resettlement plan,
obtaining environmental
permits, licenses,
government support)
1-2 years
05
1-2 years (or more)
- highly dependent
licensing process that
involves multistakeholder
1-2 years (or more)
- depending on
investor interest
in procurement
related business
entities
Takes place during the
life of the agreement
(30 years or more)
MONORAIL
TECHNICAL
ASPECTS
06
MONORAIL TECHNICAL ASPECTS
THE TYPES OF TECHNOLOGY
H-BAHN
AEROMOVEL
MONORAIL
07
MONORAIL FACILITIES AND INFRASTRUCTURE NEEDS
Guideway
Pylon
Switch
Infrastructure
Bridge
Station
MONORAIL
SYSTEM
Integration
System
Monorail
Facility
Electric
Depot
CTC
Signal/ATO
Communication
SCADA
Operation
system
Ticketing
Security
System
08
MONORAIL TECHNICAL ASPECTS
CROSS SECTION TYPICAL OF MONORAIL
CL
CL
Kabel Sinyal
Kabel Power Supply
Kabel Sinyal
Kabel Power Supply
Precast Box Girder
Potongan Melintang
Mono Rail (Stasiun)
Reinforced Concrete
Reinforced Concrete
Bar
Ground Level
Bar
Ground Level
Pilecap
Pilecap
Pile
Pile
Potongan Melintang
Mono Rail (Jalur)
Monorail Design Criteria:
Plans Speed =​​ 60 km / h
The radius of the Sun. = 50 m
Flatness max. = 7%
Elevated monorail line with a planned
height of free space of at least ± 5 m
above the road surface and ± 6.8 m
above the road surface rail.
09
MONORAIL ILLUSTRATION
Monorail on Commercial District
Integration with other modes
Monorail in Downtown Area
Monorail on the greenfield area
10
MONORAIL
DEVELOPMENT
11
MONORAIL DEVELOPMENT
CONSIDERATIONS of DEVELOPMENT
Bandung Transportation Network Systems
Monorail Role Function
Land usage along the track
Technical characteristics of the track
Topography condition
Geological and Geotechnical Conditions
Availability of Space
Environmental Impact
12
MONORAIL DEVELOPMENT
BANDUNG METROPOLITAN MAIN CORRIDOR
PADALARANG
JATINANGOR
SOUTH
CIMAHI
SOREANG
13
DAYEUHKOLOT
+ MAJALAYA
Cih
a
nju
an
g
BANDUNG CITY TRANSPORTASION SYSTEM
Cimahi
Bandung Giri
Gahana Golf dan
Country Club
Arcamanik Raya
Golf dan
Country Club
Cileunyi
Margaasih
Jl. M
Rancaekek
oh
a
Toh
Bandung Indah Golf
dan Country Club
Bojongsoang
Jl. G
ede
Bag
e
Legenda
Route of DAMRI
Route of Existing and plan Trans Metro Bandung
Route of Angkot Bandung
Route of Cable Car Planned
Source: Masterplan Transportasi Kota Bandung, BAPPEDA
Pemerintah Kota Bandung, 2009 - be treated
14
MONORAIL DEVELOPMENT
CROSS-SECTION TYPICAL OF ROADS
St. Juanda
St. Dipatiukur
15
SELECTED ROUTE OF MONORAIL CORRIDOR 1 AND
CORRIDOR 2
START OF
CORRIDOR 2
STA: 0+000
START OF
CORRIDOR 1
STA: 0+000
ALT. 2
CORRIDOR 1
Jl. Ir. H. Juanda
Jl. Sukajadi
Jl. Cipaganti
Jl. Dr. Djunjunan
ikutr
a
Jl. Ph.
Jl. Surapati
Hasan
Jl.
Bandara Husein
Sastranegara
Jl. C
Pu
n
Pe
ta
ur
Jl. BKR
Jl.
Bu
ah
Jl. Terusan Jakarta
Jl.
AH
Na
sut
ion
Jl. Kiaracondong
Jl. Laswi
Jl. Asia Afrika
gk
Jl.
Arcamanik Raya Golf
dan Country Club
n
ma
Jl. Rajawali Tim
ur
Jl.
a
rat
iau
Jl. Jendral Sud
irman
Mustap
up
.S
Wr
Jl. R
Jl. Soekarno
Hatta
Ba
tu
Jl. Soekarno Hatta
ALT. 2
CORRIDOR 2
END OF
CORRIDOR 1
STA: 10+147
ALT. 3
CORRIDOR 2
END OF
CORRIDOR 2
STA: 20+046
ALT. 3
CORRIDOR 1
16
MONORAIL DEVELOPMENT
JUSTIFICATION - CORRIDOR 1
Selected route passed the citizien demand more :
Settlement area: Region Cibeunying, Region Tegallega.
Commercial area: BIP, BEC, Dago Factory Outlets, Hotel along Jalan
Ir. H. Juanda.
Office area: Bank along Ir. H. Juanda, City Hall in Jalan Merdeka, Jalan
Asia Afrika.
Education Area: UNPAD, ITB, Unikom, Unpas.
Another consideration refers to:
Availability of road,
ease of implementation,
connectivity with network transport services to / from outside of
the area of Bandung.
17
JUSTIFICATION - CORRIDOR 2
Selected trace calculated passed the bag demand more:
Settlement area: Region Gedebage, Regional Bojonagara, and
South Cimahi.
Commercial areas: Gedebage Market, Jalan Riau Factory Outlets,
BIP, BEC, Istana Plaza.
Office Area: Offices at Jalan Riau, City Hall in Jalan Merdeka,
Office at Jalan Padjadjaran.
Another consideration refers to:
Availability of road,
ease of implementation,
connectivity with network transport services to / from outside of
the area of Bandung.
18
MONORAIL DEVELOPMENT
LAND-USE PLAN ALONG THE CORRIDOR
Government areas
Commercial areas
Industrial areas
Settelment areas
Free Space
19
STATION IN CORRIDOR 1
2
4
Jl. Layang
Pasupati
5
gus Ism
ail
3
Jl. Surapati
Jl.
6
Jl. Pajajaran
o
Ko
p
Jl.
Pu
n
gk
13
ur
ete
ran
tan
10
11
Jl. Karapi
Jl. Asia Afrika
12Jl
Jl. BKR
a
Toh
Jl.
Jl. V
oh.
Jl. M
15
Jl. Otto Iskandardinata
Jl. K
o
po
Jl. Jamika
14
Pe
ta
a
aw
Jl.
9
8
dirman
Jl. Pasir Koja
mb
Jl. Jendral Su
u
Su
ur
Ria
Jl.
Jl. Rajawali Tim
7
No
Station
Urban Village
Sub-district
1
Babakan Siliwangi
Lebak Siliwangi
Coblong
2
Simpang Dago
Lebak Siliwangi
Coblong
3
UNPAD
Lebak Gede
Coblong
4
Panatayuda
Lebak Gede
Coblong
5
Dukomsel
Citarum
Bandung Wetan
Jl. Tuba
Jl. Ir. H. Juanda
Institut
Teknologi
Bandung
Jl. Cihampelas
Jl. Pasirkaliki
Jl. Cipaganti
Jl. Sukajadi
1
.B
ua
h
Ba
tu
6
BIP
Citarum
Bandung Wetan
7
Balaikota
Babakan Ciamis
Sumur Bandung
8
Braga
Braga
Sumur Bandung
9
Tamblong
Kebon Pisang
Sumur Bandung
10
Asia Afrika
Balong Gede
Regol
11
UNPAS
Cikawao
Lengkong
12
Karapitan
Paledang
Lengkong
13
Tegal Lega
Ciateul
Regol
14
Immanuel
Situsaeur
Bojongloa Kaler
15
Leuwipanjang
Situsaeur
Bojongloa Kaler
Jl. Soekarno Hatta
Source : Hasil Analisis 2013
20
MONORAIL DEVELOPMENT
STATION IN CORRIDOR 2
Jl.
Pu
n
Jl.
an
dY
Ko
Jl.
Jl.
Bu
ah
14 15
16
pa
Jl. Terusa
n Jakart
ur
Jl. BKR
Musta
Arcamanik Raya Golf
dan Country Club
i
gk
po
Pe
ta
Jl. Otto Iskandardinata
Jl. K
o
po
Jl. Jamika
Jl. Pasir Koja
Jl. Asia Afrika
d.
Jen
ma
Ah
13
Jl.
AH
Na
sut
ion
n
irman
ete
ran
a
Hasan
ma
Jl. V
Jl. Jendral Sud
Jl.
12
wa
ba
Jl. Melong Raya
ur
J
11Riau
m
Su
7
Jl. Rajawali Tim
Jl.
Jl.
Jl. Pajajaran
rat
up
.S
Wr
10
3
ol
l. T
ikutr
Jl. Ph.
Jl. Surapati
Jl.
Bandara Husein
Sastranegara
2
Jl. C
9
a
Jl. Kiaracondong
8
Jl. Layang
Pasupati
Jl. Laswi
6
5
gus Ism
ail
Jl. Ir. H. Juanda
Jl. Pasirkaliki
4
Jl. Cihampelas
Jl. Dr. Djunjunan
Jl. Cipaganti
Jl. Sukajadi
1
Jl. Tuba
Institut
Teknologi
Bandung
Jl. Soekarno
Hatta
Ba
tu
Jl. Soekarno Hatta
No
Station
Urban Village
Sub-district
No
Station
Urban Village
Sub-district
1
Kebon Kopi
Campaka
Andir
9
Banda
Citarum
Bandung Wetan
2
Bundaran
Rajawali
Garuda
Andir
10
Citarum
Citarum
Bandung Wetan
3
Elang
Dungus Cariang
Andir
11
Taman Pramuka
Cihapit
Bandung Wetan
4
Bandara
Husein
Satranegara
Cicendo
12
Stadion Persib
Samoja
Batununggal
5
Ciroyom
Arjuna
Cicendo
13
Jakarta
Kebon Waru
Batununggal
6
Istana Plasa
Pamoyanan
Cicendo
14
Purwakarta
Cicaheum
Kiaracondong
7
Kebon Kawung
Pasirkaliki
Cicendo
15
Setra Dago
Antapani
Cicadas
8
Purnawarman
Babakan Ciamis
Sumur
Bandung
16
Antapani
Antapani
Cicadas
Source : Hasil Analisis 2013
21
LOADING PROFILE KORIDOR 1(ORANG/HARI)
POTENTIAL USERS
ESTIMATION
22
20
POTENTIAL USERS ESTIMATION
POTENTIAL DEMAND SCENARIO ON MONORAIL
Scenario 1 (S1) - The condition of transportation without revamping
Scenario 2 (S2) - The condition of the transportation network restructuring public transport services
Both scenarios were analyzed for the following rates:
Corridor 1 (ATL 3.70 km) - K1: Rate IDR 6000, Corridor 2 (ATL 8,30 km):
K2A: Rate IDR 7.500,K2B: Rate IDR 12.500,-
23
POTENTIAL USERS MONORAIL
USERS
180.000
K1-S2
160.000
K2A-S2
140.000
120.000
K2A-S1
K2B-S2
100.000
80.000
K2B-S1
K1-S1
60.000
40.000
20.000
2057
2055
2053
2051
2049
2047
2045
2043
2041
2039
2037
2035
2033
2031
2029
2027
2025
2023
2021
2019
-
Potential monorail passengers in the first year of operation (2019):
Corridor1 – Rate IDR 6.000,Scenario 1 (K1-S1): 9.975 users/day
Scenario 2 (K1-S2): 32.418 users/day
Corridor 2 – Rate IDR 7.500,Scenario 1 (K2A-S1): 15.784 users/day
Scenario 2 (K2A-S2): 50.508 users/day
Corridor 3 – Rate IDR 12.500,Scenario 1 (K2A-S1): 10.661 users/day
Scenario 2 (K2A-S2): 33.581 users/day
Source : Hasil Analisis 2013
24
POTENTIAL USERS ESTIMATION
TRAVEL NEEDS ESTIMATION (Trip / day)
Trip
35
K1-S2
30
K2A-S2
25
20
K2A-S1
K2B-S2
15
K2B-S1
K1-S1
10
5
Source : Hasil Analisis 2013
25
2057
2055
2053
2051
2049
2047
2045
2043
2041
2039
2037
2035
2033
2031
2029
2027
2025
2023
2021
2019
-
LOADING PROFILE KORIDOR 1(ORANG/HARI)
FEASIBILITY
ANALYSIS
26
20
FEASIBILITY ANALYSIS
COST NEEDS ESTIMATION
The cost of infrastructure investment : Corridor 1 (10,147 Km)
No
Job Description
1 Technical Design and Supervision
2 Preparation for Construction Track Work
3 Construction work on monorail
4 Construction of End Station
5 Construction of in-between Station
6 Construction of Big Station
7 Construction of Depo
8 Signal and Telecommunication
9 Land Acquisition
GRAND TOTAL
TAX 10%
TOTAL AFTER TAX
BE SHORTED
Price (IDR)
15,948,133,595
97,994,555,826
979,945,558,264
88,067,002,785
100,876,748,645
154,117,254,874
550,000,000,000
83,263,348,088
1,837,397,922
2,072,050,000,000
207,205,000,000
2,279,255,000,000
2,279,255,000,000
Cost of Infrastructure Investment : Corridor 2 (20,046 Km)
No
Job Description
1 Technical Design and Supervision
2 Preparation for Construction Track Work
3 Construction work on monorail
4 Construction of End Station
5 Construction in-between Stasion
6 Construction Big Station
7 Construction of Depo
8 Signal and Telecommunication
9 Land Acquisition
GRAND TOTAL
TAX 10%
TOTAL AFTER TAX
BE SHORTED
Price (IDR)
31,559,775,751
199,306,937,428
1,993,069,374,275
89,382,595,878
110,915,675,794
469,258,628,361
550,000,000,000
110,915,675,794
2,491,336,718
3,556,900,000,000
355,690,000,000
3,912,590,000,000
3,912,590,000,000
Procurement Cost facilities
No Cost items
1 Train Set
Source : Hasil Analisis 2013
27
Unit
Paket
Unit Price(IDR)
23,000,000,000
ECONOMIC BENEFITS ESTIMATION
Operating Costs Vehicle
7000
6000
5000
4000
y = 0,7368x2 - 112,7x = 6013,7
R2 = 0,869
3000
2000
1000
01
02
03
04
05
06
07
08
09
0
100
110
120
130
Source : Hasil Analisis 2013
Cost of Air Pollution
Type of
emission
Nox
HC
CO2
Large of Cost of Pollution
(IDR/kg)
Pollution
10
10
250
63.700
31.850
364
Cost of
Pollution
(IDR/km)
637
318,5
91
Source : KK Transportasi, Fakultas Teknik Sipil dan Lingkungan,
ITB, 2007
Value Time Travel
Travel time value of Rp 1,858, -/person/hour.
(Source : Kajian penentuan Tarif Jalan Tol, BPJT,2012
28
FEASIBILITY ANALYSIS
NET CASH FLOW
Example Calculation: Scenario 2, corridor 2 for rate IDR 12,500, -
x 1000.000 Rp
500.000
250.000
0
-250.000
Revenue
Infrastructure management
O&M facilities
Infrastructure Investation
Facilities Investation
NetCast Flow
Source : Hasil Analisis, 2013
29
2058
2056
2054
2052
2050
2048
2046
2044
2042
2040
2038
2036
2034
2032
2030
2028
2026
2024
2022
2020
2018
2016
-500.000
ECONOMIC FEASIBILITY EVALUATION
Corridor 1 - Scenario 1
Corridor 1 - Scenario 2
Discount Rate
Discount Rate
Indicators of
Economic Feasibility
15%
20%
25%
Indicators of
Economic Feasibility
25%
30%
35%
NPV (billion IDR)
686.60
-292.85
-811.06
NPV (billion IDR)
540.98
-54.61
-444.59
BCR
1.292
0.873
0.644
BCR
1.235
0.976
0.803
EIRR
18.51%
EIRR
Corridor 2A - Scenario 1
29.54%
Corridor 2A - Scenario 2
Discount Rate
Discount Rate
Indicators of
Economic Feasibility
20%
25%
30%
Indicators of
Economic Feasibility
30%
35%
40%
NPV (billion IDR)
904.61
-158.15
-800.43
NPV (billion IDR)
212.15
-392.13
-814.98
BCR
1.279
0.951
0.747
BCR
1.066
0.878
0.744
EIRR
24.26%
EIRR
Corridor 2B - Scenario 1
31.76%
Corridor 2B - Scenario 2
Discount Rate
Discount Rate
Indicators of
Economic Feasibility
25%
30%
35%
Indicators of Economic
Feasibility
35%
40%
45%
NPV (billion IDR)
317.13
-430.75
-920.99
NPV (billion IDR)
100.49
-395.75
-760.36
BCR
1.100
0.863
0.706
BCR
1.032
0.874
0.757
EIRR
27.12%
EIRR
36.01%
Source : Hasil Analisis, 2013
30
INSTITUTIONAL
31
INSTITUTIONAL
SINGAPORE MRT: SUCCESSFUL CASES
US$
210
million
US$
125
million
US$
134
million
US$
54
million
subsidy
US$ 2
million
US$ 3
million
Income
Operating Borrowing
Rent
net cash
Cost
Cost Infrastructure flow
MRT Singapura (SMRT). Began operating in 1987 with 51 stations (16 underground), the length of 89.4 km with 346 million passengers in 1999 and 391
million people in 2004.
Ownership of assets :
Infrastructure owned (and built) by the Government and SMRT paying
rent to the government for the use of the infrastructure.
Facilities owned by SMRT.
Government sets:
Subsidies so that cash flow SMRT is at the right level.
Infrastructure rental costs as a function of the operating profit.
Source : SAPROF 2005
32
INSTITUTIONAL
JAKARTA MRT FINANCIAL FEASIBILITY EVALUATION
Sensitivity to Various Risk FIRR value
Increased Cost
of Construction
Risk During
Construction
Backward
schedule (late)
Risk Construction
Quality
Risk of MRT
Project
Income Risk
Non-KA
Income risk
Passenger
Volume Risk
Risks During
Operation and
Maintenance
Risk Operations
and
Maintenance
Costs
Source : Special Assistance For Project Formation (SAPROF) For
Jakarta Mass Rapid Transit (MRT) System, 2005
33
Risk of Operating Costs
Risk Maintenance Costs
Assumptions
FIRR Value (%)
Increased by 10% of the
total cost of construction
1.46
Delayed 1 year (1 year
without earnings)
1.00
1.30
5 years for faster rehabilitation
1.44
Income ratio non-KA
10% (previously 15%)
0.92
Passenger volume is
reduced 10%
Operating expenses
increased by 10%
Maintenance costs
increased 10%
0.44
1.16
1.30
34
INSTITUTIONAL
ANNUAL NET CASH FLOW -1
Bandung Monorail Corridor 2 (the Restructuring Network
(average cost IDR Rp 12.500,-; average trip length 8,3 km)
Cost
means
investment Facility
3
O&M Facility
4
1
Revenue
Maintenance of Infrastructure
2
5
Revenue monorail
operations
Infrastructure investment
6
Infrastructure
Costs
Government
Expense
Remarks:
1. Infrastructure maintenance costs IDR 465.91 Billion
2. The cost of infrastructure investment IDR 27.44 Billion
3. The cost of investment in facilities IDR 29.50 Billion
4. O&M facility IDR 17.41 Billion
5. Revenue IDR 316.54 Billion
6. Government Expense IDR 223.7 Billion
Assumptions:
1. Capital investment cost comes from the Government (so it does not
take into account the interest on the loan)
2. Revenue only calculated from the operating monorail
35
ANNUAL NET CASH FLOW-2
Corridor 3
(Rate IDR 12.500)
Corridor 2
(Rate IDR 7.500)
Corridor 1
(Rate IDR 6.000)
Infrastructure maintenance costs
465.91
465.91
271.41
The cost of infrastructure
investment
27.44
27.44
15.99
The cost of investment in facilities
29.50
39.31
24.56
O&M facility
17.41
25.80
8.26
Revenue
316.54
285.66
146.68
Government Expense
223.54
272.81
173.54
information :
Unit in billions of rupiah
For comparison, Budget Bandung IDR 4.29 trillion in 2013
36
NOTE :