Agus Yuliyanto Primary Author Harry Purwoko Additional Author Prasadja Ricardianto Additional Author Honny Akira Sembiring Additional Author

Efforts to overcome congestion in Jakarta has been carried out in various ways, ranging from regulations, road construction, and policies made by the Government. The next step is to build transportation that can carry many passengers and efficiently, such as the construction of rail- based transportation. For the time being , the construction being carried out is the Jabodebek Light Rail Transit (LRT) Project. The last investment amounted to Rp32.5 trillion, of which the loan amount was Rp 22.3 trillion and Rp10.2 in the form of PMN. To find out the feasibility of the loan in financing the Jabodebek LRT Project using Payback Period, NPV, PI or BC analysis, and IRR. The results of the analysis show the value of the Payback Period for 35 years, 1 month, 11 days. For the NPV result is negative, the PI result is below one, and the IRR value is below the loan interest rate. This result means that the Jabodebek LRT Project financed from a loan of Rp. 22.3 trillion is not feasible or less profitable. This is because the target number of passengers on average of 116,000 people per day is still too small, thus the target for acceptance is also not too large.