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Jasa Marga-led consortium wins $3.9b Gedebage-to-Cilacap toll road bid
A consortium led by state-owned toll road operator PT Jasa Marga has won the tender for the Gedebage- Cilacap toll road project, worth Rp 56 trillion.
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Heavy traffic is seen in one direction on the Purbaleunyi toll road. (Antara/Ali Khumaini)
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consortium led by state-owned toll road operator PT Jasa Marga has won the tender for the Gedebage-Tasikmalaya-Cilacap toll road project, worth Rp 56 trillion (US$3.90 billion), the government has announced.
Jasa Marga will hold the lion's share of the consortium with 32.5 percent, followed by three private construction companies – PT Daya Mulia Turangga, PT Sarana and PT Gama Group – holding a combined stake of 27.5 percent.
The rest belongs to three state-owned construction companies, with PT Waskita Karya holding 20 percent and PT PP and PT Wijaya Karya holding 10 percent each. The consortium will soon establish a joint toll road business entity (BUJT).
“We hope this project will be one of many toll roads that can help ease traffic in the future, especially [between] Gedebage [and] Cilacap,” Jasa Marga president director Subakti Syukur said in a statement on Wednesday.
Read also: INA to buy into toll roads of debt-laden SOEs
The 207 kilometer toll road connects the West Java capital of Bandung with the seaport town of Cilacap on the southern coast of Central Java. It is one of President Joko “Jokowi” Widodo’s key infrastructure development initiatives, dubbed national strategic projects, alongside others in other parts of Java, as well as in other regions of the country.
The government is banking on toll roads for better overland connectivity to ease the flow of goods and people, bring down logistical costs and boost the overall economy.
