PRECONDITION OF RAILWAY RESTRUCTURING IN DEVELOPING COUNTRIES: A CASE STUDY OF INDONESIA
Abstract: The estab:lishment of
Law No. 23/2007
on Railway set
to eliminate monopolization by incumbent operators and giving opportunity
to the private sector and local government to join the
railway sector. Ironically,
the new law
is not completely
implemented due to budget constraints and weak basis of
restructuring. Proper preconditions have to be created to ensure its success.
The paper uses a literature review involving a material harmonization study. Based
on the research,
legal framework amendment,
assets re-evaluation, human resources assessment
and obvious support
from the government
can be considered
as the most essential
preconditions, together with the existence of good governance.
Author: Purwo Mahardi
Journal Code: jptsipilgg150004
