City-owned public transportation operator PT MRT Jakarta has recently announced a plan to go public in 2022 after predicting a profit between Rp 60 billion (US$ 4.26 million) and Rp 70 billion by the end of this year.

PT MRT Jakarta president director William Sabandar said the company planned an initial public offering (IPO) in the next two years to increase transparency and raise fresh funds from the public.