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Transjakarta explore global bond issuance in London stock exchange

18 May 2022

(Jakarta – PT. Transportation Jakarta (Transjakarta) is exploring the issuance of Green Bonds on the London Stock Exchange. According to PT. Transjakarta, this effort is a form of support to the government in achieving the Net Zero Emission target. President Director M. Yana Aditya and PT Transport Jakarta Director of Operations and Safety Yoga Adiwinarto visited the London Stock Exchange on Thursday (12/5/22). The two held a meeting with the management of the London Stock Exchange which was attended by the Head of the Capital Market and Product Department of the London Stock Exchange, Shery Kholi.

“In this meeting we are exploring the possibility of issuing a Global Bond. Where we have the opportunity to discuss Transjakarta's plans for the development of electric buses and Transportation Sustainability in Jakarta. To support that, we seek financial support,” said Yana from London.

Transjakarta meeting in London

Yana explains that the development of electric buses and Sustainability Transportation in Jakarta is in line with the Green Bond concept of the London Stock Exchange. This Green Bond is oriented towards environmental protection. PT. Transjakarta in a release mentions that the presence of electric buses as a future fleet is estimated to reduce pollution by up to 28 percent compared to diesel buses. In addition, CO2 emissions in the exhaust gas of electric buses can be reduced by up to 50.3 percent compared to the exhaust gas of diesel buses.

Transjakarta staff in London

 “Transjakarta has started operating electric buses since last March. We are targeting as many as 100 electric buses to be able to serve the community by 2030. We look forward to working with the London Stock Exchange to reduce carbon emissions, particularly in the public transport sector,” he says.

In addition, in order to strengthen the electrification of the Transjakarta bus fleet, during a working visit in London Yana also discusses other collaborations. Transjakarta is also exploring the development of cooperation with a flagship program under the UK's International Climate Finance (ICF) portfolio, UK PACT. The cooperation, which has been going on for a year, will focus on the electrification of the bus fleet, which is one of the efforts to achieve the Nationally Determined Contribution (NDC).


“This project is a continuation of the first project where UK PACT, through ITDP, will provide technical assistance to Transjakarta in developing a sound final business case (FBC). So that electric buses can immediately serve more people," said Yana. (text: mai -  photo: doc. of PT. Transjakarta)