What a director of Jakarta Monorail
, Sukmawati Syukur
, does admit is that the project is in financial trouble and that the completion date is now in doubt.
The original plan was for the private investors to raise $US650 million ($825 million) to build the project, which they would own and operate for 30 years before handing it over to the Jakarta Government.
Now Ms Syukur
company needs the government to buy 30 per cent of the project to make it financially sustainable.She
is unsure what will happen if it refuses.
"For instance, we can delay the time frame until after 2007," she
said, although she
declined to say how long that might be.However, she
expected the difficulties would be sorted out.
said corruption had not been a problem and that British auditors had been through the accounts.