Toll road to finish by 1996

A toll road which links the Bumi Serpong Damai real estate complex, the Bintaro Jaya area and Jakarta is slated for completion by 1996, a spokesman said Saturday.

Johannes Tulung, spokesman for the PT Bintaro Serpong Damai (BSD), the developer which will build the 13.1 kilometer road, told the Jakarta Post the firm expects to complete construction around the middle of 1996.

"It will be completed by the end of the year at the latest," he said.

The BSD was a joint venture between PT Bumi Serpong Damai, a consortium of 10 developers which built the Bumi Serpong Damai real estate, and PT Jaya Real Property which developed Bintaro Jaya.

The construction of the toll road is scheduled to begin in July this year, he said.

The BSD is to hold a 30-year concession over the toll road, during which time they will share revenues with the state-owned PT Jasa Marga toll road company, said Johannes. (jsk)