DPR Approves $800 Million Capital Injection for SOEs
Jakarta. The House of Representatives’ Commission XI has approved an additional Rp14.41 trillion ($863.24 million) in state capital injections for several state-owned enterprises (SOEs) under the 2025 state budget to upgrade transportation infrastructure and expand public housing finance.
Commission XI Chairman Muhammad Misbakhun announced the decision during a joint meeting with the State-Owned Enterprises Ministry and the Finance Ministry at the Parliament Complex on Monday.
“Commission XI approves both cash and non-cash state capital injections for SOEs under the 2025 budget,” Misbakhun said as he read out the meeting’s conclusions.
Under the agreement, railway operator Kereta Api Indonesia (KAI) will receive Rp1.80 trillion to procure new trainsets and retrofit the Greater Jakarta (Jabodetabek) commuter trains, continuing programs financed through the 2024 capital injection.
Rolling stock manufacturer Industri Kereta Api (INKA) will obtain Rp 473 billion to expand rail manufacturing capacity and support long-term availability of train fleets.
Shipping operator Pelayaran Indonesia (Pelni) is allocated Rp 2.5 trillion to procure three new passenger vessels, replacing aging ships in its fleet, some of which have been in operation for up to 40 years.
The largest share of the funding goes to Sarana Multigriya Finansial (SMF), which will receive Rp 6.68 trillion to support subsidized housing loans for low-income households and advance the government’s goal of delivering three million homes.
Commission XI also approved a non-cash capital injection for the Land Bank Agency, consisting of state-owned land assets from the Agrarian and Spatial Planning Ministry and assets formerly managed by the Indonesian Bank Restructuring Agency (IBRA), valued at Rp2.95 trillion.
Finance Minister Purbaya Yudhi Sadewa said the approval reflects the government and parliament’s shared commitment to strengthening public services. He expressed appreciation for Commission XI’s support and said that the government would follow up on all decisions responsibly and with a focus on public benefit.
“All the recommendations from the leadership and members of Commission XI to improve future implementation will be carried out seriously,” Purbaya said.
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