Cawang-Bekasi toll road project goes to Investa Kusuma<\/p>\n
JAKARTA (JP): The Ministry of Public Works confirmed yesterday
\nthat it has appointed PT Investa Kusuma Artha as the developer of
\nthe 19.5-kilometer Cawang-Bekasi elevated toll road without a
\ntendering process.<\/p>\n
"We have appointed the company as the developer of the toll
\nroad but we did not announce it to the public because we did not
\ntender the project," said Muksin, the chairman of the toll road
\nmanagement unit at the ministry, Antara reported.<\/p>\n
He said that his ministry appointed Investa Kusuma without
\ncompetitive bidding because it was the only company to bring up
\nthe idea of the toll road project and which immediately backed up
\nthe idea with a proposal for a feasibility study.<\/p>\n
According to Muksin, for the first stage, the company will
\ndevelop only 19.5 kilometers of the planned 30 kilometer toll
\nroad, which will connect Cawang in East Jakarta and Cikarang in
\nWest Java. It will be built above Malang river in East Jakarta.<\/p>\n
He said that the government has yet to decide on the developer
\nfor the other 10.5 kilometers.<\/p>\n
On Monday, Djoko Ramiadji, president of Drassindo Group, the
\nholding company of Investa Kusuma; Bambang Trihatmodjo, chief
\ncommissioner of the Kresna Group; and Ryani R., president of PT
\nDryandra Panca Graha, signed an agreement to form a consortium to
\nconstruct the toll road.<\/p>\n
The signing came as a surprise because the government had not
\nannounced a tender for the road project, which it usually did
\nwith other toll road projects.<\/p>\n
Djoko Ramiadji told the press on Monday that the consortium,
\nled by Investa Kusuma, received a letter of approval from the
\nMinistry of Public Works on Feb. 19, and will start construction
\nof the toll road in July.<\/p>\n
According to Bambang, the planned toll road will cost Rp 1.5
\ntrillion (US$630.3 million) and it is scheduled to start
\noperation in 2000.<\/p>\n
Bambang said that about 30 percent of the total investment
\nwill be derived from equity and the rest will be provided by a
\nloan from a syndication of local and foreign banks. He did not
\nidentify the banks.<\/p>\n
The government, according to Muksin, has given high priority
\nto the development of a toll road above the Malang river to help
\nease traffic congestion on the Jakarta-Cikampek toll road during
\nrush hour. (13)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/cawang-bekasi-toll-road-project-goes-to-investa-kusuma-1447893297",
"image": ""
},
"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
}