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Jakarta Post

JTD gets boost in bid for Jakarta toll projects

  • The Jakarta Post

Jakarta   /   Fri, September 21 2012   /  07:24 am

PT Jakarta Tollroad Development (JTD) says it has received fresh capital that will strengthen its bid to win tenders for six toll road projects.

The firm said that it received the funds from PT Jaya Real Property (JRPT) and PT Jaya Konstruksi Manggala Pratama (JKON), which are part of the Pembangunan Jaya Group, the operator of Ancol Dreamland amusement park in North Jakarta.

“We plan to continue accumulating capital to reach a debt-to-equity ratio of 70:30,” JTD president director Frans Sunito said in a text message sent to The Jakarta Post on Thursday.

JTD is a consortium of PT Hutama Karya, PT Pembangunan Perumahan (PP), PT Wijaya Karya (WIKA), PT Adhi Karya (ADHI) and PT Citra Marga Nusaphala Persada (CMNP).

One project that the firm plans to bid on is a 67-kilometer-long toll road that will connect all five of Jakarta’s municipalities. Based on pre...