TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

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...