Jakarta. The capital's governor Basuki Tjahaja Purnama, or Ahok, will soon sign a regulation on electronic road pricing, originally slated for Monday (25/07).

Basuki has said he wants to better study the regulation ahead of signing it.

“I want the regulation to become the standard of best practice in the world, choosing from the most used in the globe. The standards are still clear and this is not private so the money will go to us," he said at City Hall.

The Jakarta administration intends to purchase the infrastructure set up by the auction winner, rather than participating in profit sharing.

The governor added the entire ERP's income will subsidize the TransJakarta bus system.

“We are subsidizing the Public Service Obligation at around Rp 3.2 trillion [$243 million] next year, if the busses are added, it could be Rp 4 trillion for the busses,” Basuki said.

“This is for Jakartans to have cheap fares on the buses.”

Following the signing of the regulation, Jakarta Transportation Services may conduct an auction immediately as they have already obtained the necessary legal foundation.

The system is expected to be operational by 2017.