Consortium formed for Cawang-Bekasi road
Consortium formed for Cawang-Bekasi road
JAKARTA (JP): State toll road company PT Jasa Marga and four
local companies agreed yesterday to form a consortium to build
the Rp 1.4 trillion (US$593.2 million) Cawang-Bekasi toll road in
the city's east.
Djoko Ramiadji, president director of the consortium, PT
Kresna Kusuma Dyandra Marga, said it would start building the
21.5-kilometer elevated toll road next month and finish it in the
year 2000.
The consortium would build the toll road under a 32-year
build, operate and transfer contract, including a four-year
construction period.
He said Jasa Marga held a 10 percent stake in the consortium,
PT Investa Kusuma Artha held 35 percent, PT Kusuma Chandra Buana
held 16.2 percent, PT Dyandra Pancagraha held 9.8 percent and PT
Kresna Tara held 29 percent. Kresna Tara is owned by President
Soeharto's second son, Bambang Trihatmodjo, and Bambang Ryadi
Sugomo.
Bambang Trihatmodjo was the consortium's chairman, he said.
The government recently appointed PT Investa Kusuma Artha to
build the toll road without a tender.
"The project was awarded to us without tender because it is
not part of the government's toll road plan," Djoko said.
He said the initiative for the road came from Investa Kusuma.
"We spent a lot of money making a feasible study and concept
designs before we proposed it to the government. It's fair the
project was given to us in the end," said Djoko, also president
director of PT Drassindo Persada Utama, which is Investa Kusuma's
and Kusuma Chandra's holding company.
Development of the country's other toll roads has been based
on government initiatives.
Djoko said the consortium would spend Rp 1.4 trillion on the
toll road, excluding the cost of procuring land and interest
payments.
A syndicate of local banks, including BRI and BNI, would lend
about Rp 1.2 trillion to the project, he said.
Djoko said the elevated toll road, linking Jakarta and Bekasi,
would be the alternative to the Cikampek toll road which could no
longer bear all the traffic flowing between the cities.
The 21.5-kilometer toll road, 25 meters in width, would be
elevated between seven and eight meters and have two and three
lanes.
The first part of the toll road, stretching eight kilometers
from East Jakarta's Cawang, Kampung Melayu, Kalimalang and Pondok
Kelapa, was scheduled to open in 1988, he said.
Construction of the second part of the toll road, linking
Pondok Kelapa and Perjuangan in Bekasi, would begin with the
first part, but was scheduled for completion in 1999.
The third part of the toll road, linking Perjuangan and Duren
Jaya, was scheduled to be completed in 2000 and open in 2001,
Djoko said.
Djoko said the consortium of PT Hutama Karya, PT Yala Perkasa
International, PT Aja Satria, Andal Asri and PT Bina Baraga Utama
would build the road.
About 2,500 people would work on the road involving 100
contractors and suppliers. (jsk)
JAKARTA (JP): State toll road company PT Jasa Marga and four
local companies agreed yesterday to form a consortium to build
the Rp 1.4 trillion (US$593.2 million) Cawang-Bekasi toll road in
the city's east.
Djoko Ramiadji, president director of the consortium, PT
Kresna Kusuma Dyandra Marga, said it would start building the
21.5-kilometer elevated toll road next month and finish it in the
year 2000.
The consortium would build the toll road under a 32-year
build, operate and transfer contract, including a four-year
construction period.
He said Jasa Marga held a 10 percent stake in the consortium,
PT Investa Kusuma Artha held 35 percent, PT Kusuma Chandra Buana
held 16.2 percent, PT Dyandra Pancagraha held 9.8 percent and PT
Kresna Tara held 29 percent. Kresna Tara is owned by President
Soeharto's second son, Bambang Trihatmodjo, and Bambang Ryadi
Sugomo.
Bambang Trihatmodjo was the consortium's chairman, he said.
The government recently appointed PT Investa Kusuma Artha to
build the toll road without a tender.
"The project was awarded to us without tender because it is
not part of the government's toll road plan," Djoko said.
He said the initiative for the road came from Investa Kusuma.
"We spent a lot of money making a feasible study and concept
designs before we proposed it to the government. It's fair the
project was given to us in the end," said Djoko, also president
director of PT Drassindo Persada Utama, which is Investa Kusuma's
and Kusuma Chandra's holding company.
Development of the country's other toll roads has been based
on government initiatives.
Djoko said the consortium would spend Rp 1.4 trillion on the
toll road, excluding the cost of procuring land and interest
payments.
A syndicate of local banks, including BRI and BNI, would lend
about Rp 1.2 trillion to the project, he said.
Djoko said the elevated toll road, linking Jakarta and Bekasi,
would be the alternative to the Cikampek toll road which could no
longer bear all the traffic flowing between the cities.
The 21.5-kilometer toll road, 25 meters in width, would be
elevated between seven and eight meters and have two and three
lanes.
The first part of the toll road, stretching eight kilometers
from East Jakarta's Cawang, Kampung Melayu, Kalimalang and Pondok
Kelapa, was scheduled to open in 1988, he said.
Construction of the second part of the toll road, linking
Pondok Kelapa and Perjuangan in Bekasi, would begin with the
first part, but was scheduled for completion in 1999.
The third part of the toll road, linking Perjuangan and Duren
Jaya, was scheduled to be completed in 2000 and open in 2001,
Djoko said.
Djoko said the consortium of PT Hutama Karya, PT Yala Perkasa
International, PT Aja Satria, Andal Asri and PT Bina Baraga Utama
would build the road.
About 2,500 people would work on the road involving 100
contractors and suppliers. (jsk)