Indonesian Political, Business & Finance News

Bimantara to build toll road

| Source: JP

Bimantara to build toll road

JAKARTA (JP): Bimantara's PT Tri Daya Esta is expected to win
the tender to build a Rp 584 billion (US$247 million) toll road
in Surabaya following the withdrawal of its main rivals.

Sources said the rivals, including Setiawan Djody's Sarpindo
Graha Nusantara and Ari Sigit's Aryo Nusa Pakarti, recently
resigned their tenders for the toll road linking the city's Waru
business district and Tanjung Perak port.

East Java governor Basofi Soedirman said Wednesday the East
Java administration had not yet selected a developer for the
16.4-kilometer toll road.

"The most important thing for us is that the toll's tariff
should be affordable," he said.

Tri Daya proposes a Rp 2,500 toll for sedans and commercial
vehicles, a Rp 3,500 toll for trucks and buses and a Rp 4,000
toll for trailer trucks. (04)

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