The Jakarta Post
State-owned toll operator PT Jasa Marga will open new toll roads in East Java in the next four or five months, depending on the land acquisition process, an executive says.
Jasa Marga president director Adityawarman said Monday that the company was targeting to open the first section of the 13-kilometer Gempol-Pasuruan toll road and the Gempol-Pandaan toll road probably in October or November.
He said that with the opening of the two new toll roads, Jasa Marga would have opened five toll roads this year, including the Jakarta Outer Ring Road (JORR) W2 North and the second segment of Bogor Outer Ring Road (BORR).
'Land acquisition is always the hindrance for such projects,' he said, after the inauguration of the last section of JORR W2 North. 'The Gempol-Pandaan toll road [project] is currently 95 percent finished, while the Gempol-Pasuruan is still 46 percent.'
Jasa Marga had allocated around Rp 25 trillion (US$2 billion) for the development of nine toll roads projects thus far, and as the five were set to finish this year, the remaining four were targeted to finish next year, he said. To date, Jasa Marga has operated 13 toll roads, including the ones operated by its subsidiaries.
The company expected to boost revenue by between 16 percent and 20 percent next year, after the five toll roads were opened, he added.
The company has also obtained Rp 6 trillion in funding for the development of the Medan-Kualanamu toll road in North Sumatra, of which around 30 percent of the fund was from the company's equity, while the remaining derived from a bank loan.