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)