Govt announces developers of six toll roads
Govt announces developers of six toll roads
JAKARTA (JP): PT Jasa Marga, the state-owned toll road operator, has announced the companies that have won the contracts to develop six of the 19 toll roads planned in Java and Sumatra.
The successful bidders are PT Bukaka Teknik Utama for the Ciawi-Sukabumi section (53.5 km), PT Concord Benefit Enterprises for Sadang-Subang (37 km), PT Bhaskhara Lokabuana for Subang- Dawuan (52.5 km), PT Van der Horst Ltd for Dawuan-Palimanan (24.5 km), PT Citra Marga Nusaphala Persada for Waru-Tanjung Perak (24 km) and PT Setdco Graha Nusantara for Pandaan-Malang (29.5 km).
Jasa Marga did not mention the total investments for the six road projects. But according to data from the Indonesian Business Data Center, the Ciawi-Sukabumi section will cost Rp 401 billion and it is scheduled to be in operation in 2001.
The Sadang-Subang section will reportedly cost Rp 231 billion (US$97.05 million) and be open in 2002. The Subang-Dawuan section will need an investment of Rp 328 billion to start operation in 2002. The Dawuan-Palimanan will cost Rp 153 billion and will start operation in 2002; the Waru-Tanjung Perak is expected to cost Rp 410 billion to start operation in 2001; and the Pandaan- Malang section Rp 180 billion and will start operation in 2000.
All six developers are required to establish a joint venture with the supporting partners mentioned in their bidding documents, including PT Jasa Marga.
The government has yet to decide on the contractors for the other 12 toll road projects in Java and one in North Sumatra (Medan-Binjai).
Some 94 local and foreign companies expressed an interest in building the toll roads, but the government chose only 29 as qualified bidders.
According to the state company, the Pandaan-Malang project (29.5 km) is the most sought after among the toll road investors. It attracted 14 bidders.
The Sadang-Subang project attracted nine bidders, Dawuan- Palimanan eight, the Subang-Dawuan and Waru-Tanjung Perak, seven each and the Ciawi-Sukabumi five.
Meanwhile, Bambang Trihatmodjo, in his capacity as the chief commissioner of the Kresna Group, signed an agreement yesterday with the Drassindo Group President Djoko Ramiadji to construct a 30-km Cawang-Cikarang elevated toll road.
The toll road, which will be built above the Malang river in July, will cost Rp 1.5 trillion and it is scheduled to start operation in 2000. It will connect Cawang in East Jakarta and Cikarang in West Java.
Bambang said that about 30 percent of the total investment will be derived from the companies' equity and the rest will be provided by a loan syndication of local and foreign banks. He did not identify the banks. (13/rid)