He said here on Tuesday that JM had held an exposition on the project at the City Hall last week, where his team had proposed a ticket price of Rp9000 for the monorail transportation system.
"The ticket price covers the 30km monorail routes, comprising the 14.5-kilometre-long Green Lane (Kuningan, Dukuh Atas, Pejompongan, Senayan, Gatot Subroto, SCBD) and the 15.5-kilometre-long Blue Lane (Kampung Malayu, Tebet, Casablanca, Tanang Abang, Mall Taman Aggrek Mall)," Bovananto noted.
"The ticket price was set after taking into account the average commuter's financial capability, along with other expenses involving feeder buses and other modes of transportation," he said.
Bovananto stated that the PT Monorail`s new consortium consisted of `90 percent new investors and 10 percent old ones`. The monorail transportation system is an old project the implementation of which was interrupted for several years.
"The new investors in the consortium are national private companies. Thirty percent of the project`s financing will be borne by the consortium and the remaining 70 percent will be taken care of by the banking sector," he noted.
Bovananto said the construction of the Jakarta monorail project would require a total investment of Rp6.9 trillion.
"Some Rp2.3 trillion will be funded by the consortium and the rest Rp4.6 trillion will be borrowed from banks," he explained.
Therefore, Bovananto added, the project would be financed entirely by the private sector.
He said the Green Lane phase of the project was expected to be completed in 2015 while the Blue Lane would be ready in 2016.
"One of the latest members of the consortium is PT Adhi Karya, which was also a member of the old consortium," Bovananto pointed out.
"However, PT JM and PT Adhi Karya still have some differences over the construction of the alignment routes. PT JM wants to continue with the previous project design, while PT Adhi Karya wants news alignment routes," he stated.
It was reported earlier that the Jakarta government would revive the monorail project, which was stalled several years ago.
The pillars of the monorail system have already been installed in some areas of the city.
They pillars would be used for the construction of three monorail tracks, which will serve as many routes: Tanah Abang-Palmerah-Mega Kuningan-Senayan; Cawang Atas-Senen-Ancol; and Cawang Atas-Grogol-National Monument.
Meanwhile, Adhi Karya president director Kiswodarmawan said his company would form a consortium with state-owned companies and regional government-owned companies to implement the project in two phases.