Propel seeks RI project

Wed, 08 Nov 1995

KUALA LUMPUR (Reuter): Projek Penyelenggaraan Lebuhraya Bhd (Propel) has entered into an agreement with an Indonesian consortium to jointly bid for privatization of a toll road in Indonesia.

The consortium comprises five Indonesian firms -- PT Citra Lamtoro Gung Persada, PT Tridan Satriaputra Indonesia, PT Kowarman International Corp, PT Arthayasa Mandiri and PT Sira Tama Agra Raya, a Propel statement said.

Citra group spokesman Fariza Irawady was quoted by Bernama news agency as saying that the toll road connecting Ciawi, Sukabumi and Citatah in West Java would cost 2.0 billion ringgit and would take four years to complete.

The consortium, if successful in its bid, would construct, operate and maintain the toll road and would be given a concession to collect toll for 30 years, he told reporters after the agreement signing.

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