Jasa Marga asks for bigger toll fee share

Jasa Marga asks for bigger toll fee share

JAKARTA (JP): PT Jasa Marga asked yesterday for a fairer share
of profits gained from the city toll roads it jointly operates
with PT Citra Marga Nusaphala Persada, a unit of the Citra
Lamtorogung group.

"Citra Marga should not use the size of investments as the
only yardstick for determining the profit-sharing ratio made on
city toll roads," Jasa Marga's spokesman Yunial Harun said as
reported by Antara yesterday.

Jasa Marga is the state-owned developer and operator of all
toll road and bridges. Private investors in toll roads are
required to set up joint ventures with Jasa Marga.

Ratio

Harun added that the number of automobiles using toll roads
should also be considered in fixing the profit-sharing ratio.

The present profit-sharing ratio for toll roads in Jakarta is
75 percent for PT Citra Marga and 25 percent for Jasa Marga.

Supporting his argument, Harun cited the Grogol-Cawang-Tanjung
Priok-Pluit toll road as an example.

He admitted that the costs of the Cawang-Tanjung Priok and
Tanjung Priok-Pluit sections, which were built by PT Citra Marga
were bigger than those of the Pluit-Grogol and Grogol-Pluit
sections, which were constructed by Jasa Marga.

"Nevertheless, the traffic volume on the sections built by
Jasa Marga are often much higher than those on the sections built
by Citra Marga," he pointed out.

Therefore, he argued, the profit-sharing ratio for the toll
road should not be based largely on the size of investments in
particular sections but also on the number of cars passing
through the sections. (vin)