TEMPO.CO, Jakarta - State-owned railway company PT Kereta Api Indonesia (Persero) or KAI said it is committed to protect state assets in the form of government-owned land and buildings. This is aimed at ensuring that asset management is conducted with transparency, efficiency, and for the public good.

KAI's Vice President of Public Relations, Anne Purba, said that in addition to providing transportation services, KAI is also dedicated to maximizing the value of these land and building assets through various forms of commercial partnerships.

In 2022, KAI locked down and secured 933,058.21 square meters of land and buildings with an asset value of Rp1.69 trillion. The following year saw KAI securing 729,680.32 square meters of land valued at Ro2.08 trillion. "And from January to December 13, 2024, we've secured assets spanning 796,602.89 square meters worth Rp1.03 trillion," Anne Purba said in a statement released Sunday, December 15.

Anne said that these achievements are the fruits of KAI's collaborative efforts with numerous relevant authorities including government bodies, the National Land Agency (BPN), the Attorney General's Office, the Indonesian National Armed Forces (TNI), the police, and other stakeholders.

"These partnerships are crucial to make sure our property management process is seamless and fully compliant with all relevant regulations," she said.

In addition to organizing assets, KAI is actively maximizing asset value through a range of commercialization strategies. These include branding collaborations at stations and on trains, as well as implementing naming rights.

To date, KAI has secured naming rights for four stations: Semarang Tawang Bank Jateng Station, BNI City Station, Jabodebek Pancoran Bank BJB LRT Station, and the Jabodebek Dukuh Atas BNI LRT Station.

"These commercialization initiatives not only contribute to the company's revenue, but also generate significant tax and dividend contributions to the state. We extend our gratitude to all the stakeholders who've supported our journey in asset management and optimization," Anne concluded.

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