{
    "success": true,
    "data": {
        "id": 1512304,
        "msgid": "toll-road-operator-wont-seek-increase-in-tariffs-1447893297",
        "date": "1997-09-10 00:00:00",
        "title": "Toll road operator won't seek increase in tariffs",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Toll road operator won't seek increase in tariffs JAKARTA (JP): Toll road operator PT Citra Marga Nusaphala Persada (CMNP) has promised not to ask for an increase in tolls despite the sharp fall in the rupiah against the U.S. dollar, a minister said here yesterday. Minister of Public Works Radinal Moochtar said the toll road operator would not ask for a tariff increase until the monetary situation returned to normal.",
        "content": "<p>Toll road operator won&apos;t seek increase in tariffs<\/p>\n<p>JAKARTA (JP): Toll road operator PT Citra Marga Nusaphala<br>\nPersada (CMNP) has promised not to ask for an increase in tolls<br>\ndespite the sharp fall in the rupiah against the U.S. dollar, a<br>\nminister said here yesterday.<\/p>\n<p>Minister of Public Works Radinal Moochtar said the toll road<br>\noperator would not ask for a tariff increase until the monetary<br>\nsituation returned to normal.<\/p>\n<p>&quot;We asked the company to help shoulder the difficulties in<br>\nthis current monetary crisis and wait until the situation returns<br>\nto normal,&quot; he told reporters after a hearing with House of<br>\nRepresentatives Commission V for transportation, tourism and<br>\nhousing.<\/p>\n<p>Toll increases are based on a presidential decree at the<br>\nrecommendation of the minister of public works.<\/p>\n<p>The rupiah has been under pressure for several weeks as a<br>\nconsequence of a fall in other regional currencies. The rupiah<br>\nhas devalued by over 20 percent since the central bank floated<br>\nthe rupiah on Aug. 14.<\/p>\n<p>On Aug. 19, the central bank almost tripled the interest rates<br>\nof its promissory notes (SBIs) to between 25 percent to 30<br>\npercent to shore up the falling rupiah. This caused an increase<br>\nin interest rates on bank deposits by between 25 to above 30<br>\npercent.<\/p>\n<p>As the monetary situation has started to recover the central<br>\nbank has gradually lowered interest rates to below 27 percent.<\/p>\n<p>Radinal predicts that the monetary situation will be back to<br>\nnormal by the end of the year.<\/p>\n<p>Publicly listed CMNP, which is partly owned by Siti Hardiyanti<br>\nRukmana, manages the Cawang-Tanjung Priok and the Tanjung Priok-<br>\nPluit-Tomang toll roads.<\/p>\n<p>The company last raised tolls by Rp 500 (17 U.S. cents) to<br>\nbetween Rp 2,000 and Rp 5,000 in June 1996.<\/p>\n<p>Radinal also said during the hearing that the ministry would<br>\ndelay certain development projects as part of efforts to cope<br>\nwith the monetary turmoil.<\/p>\n<p>Projects which had not yet been tendered would be delayed, he<br>\nsaid.<\/p>\n<p>Projects which had been tendered but had not started<br>\nconstruction would also be delayed.<\/p>\n<p>Projects which were almost completed could be continued<br>\nprovided the projects benefited the public, he added.<\/p>\n<p>&quot;Projects which have just started constructed can also be<br>\ncontinued but construction should be slowed down until the<br>\nmonetary situation gets back to normal,&quot; Radinal said without<br>\ndetailing the projects. (jsk)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/toll-road-operator-wont-seek-increase-in-tariffs-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}