Investors win contracts to build Java toll roads

Investors win contracts to build Java toll roads

JAKARTA (JP): PT Jasa Marga, the state-owned company assigned to manage all highways in the country, has signed eight new revenue-sharing contracts with investors for the construction of toll roads in Java with a total length of more than 200,000 kilometers.

Jasa Marga's president, Maryadi Darmokumoro, was quoted by Antara as saying Friday that the first deal was signed with PT Istaka Karya for the construction of the 28.3 kilometer Cirebon- Palimanan segment of the Jakarta-Cikampek toll road in West Java. The contract will be valid for 15 years.

The second deal was awarded to PT Marga Nujyasumo Agung for the 38.5 kilometer Surabaya-Mojokerto toll road in East Java for a period of 29 years and the third to PT Hutama Karya for the renovation of the Jagorawi (Jakarta-Bogor-Ciawi) toll road for five years.

The fourth deal was signed with PT Intsia Pasifik Permai for the construction of the 70 kilometer Semarang-Batang toll road in Central Java for a period of 28 years and the fifth with PT Adhi Karya for the construction of a nine-kilometer highway in Semarang, Central Java, for 15 years.

The sixth contract was awarded to PT Wijaya Karya for the establishment of the 22 kilometer Cileunyi-Nagreg toll road in West Java for a period of 15 years and the seventh to PT Waskita Karya for the construction of the six-kilometer toll road in Citatah, West Java, for a period of 15 years.

The eighth deal involved several co-investors, including PT Citra Lamtoro Gung Persada, PT Tridan Satria Putra Indonesia, PT Bhaskara Dunia Jaya and the Tiara Indah foundation. It is not clear which toll road this particular deal concerned. The report only cited that the agreement is valid for a 33 year period.(hdj)