Thursday, October 24, 2013

Cost of Jakarta traffic congestion estimated at USD 1 billion per year

Analysis Eurasia Review: "Concerns over traffic congestion are not without basis. Traffic congestion in Jakarta, usually during peak hours and the rainy season, has generated roughly US$ 1 billion loss per year. The figures comprise time value, fuel consumption and health costs. Since most of the vehicles use subsidised fuel, it also increases fuel imports that could threaten Indonesia’s energy security while incurring a trade deficit and increasing dependency on foreign oil supplies."

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