The Jakarta Post
PT Jasamarga Kualanamu Tol, a consortium of four state-owned firms, has officially secured a 40-year concession for the operation of the Medan-Kualanamu-Tebing Tinggi toll road in Deli Serdang, North Sumatra.
The 61.7-kilometer toll road is part of a larger plan to construct the mega Trans-Sumatra toll road project, which will connect the entire island of Sumatra from Aceh to Lampung.
On Monday, PT Jasamarga Kualanamu Tol president director Agus Suharyanto and the Public Works Ministry's Toll Road Authority Body (BPJT) head Achmad Gani Ghazali signed the concession deal, witnessed by the ministry's Bina Marga director general Djoko Murjanto and PT Jasa Marga president director Adityawarman.
'This is an alternative route connecting Medan and the eastern part of the province that also connects to Belmera [Tanjungmorawa-Belawan] toll road,' Agus told reporters on the sidelines of the signing ceremony.
'We hope that this toll road will help boost economic growth on the island as initiated by the central government,' he continued.
In September, the Public Works and Public Housing Ministry kicked off the construction of the first 17.8-km section of the toll road that would connect Medan, Perbarakan and Kualanamu, with a target of completion in June 2016.
The remaining 43.9-km section connecting Perbarakan and Tebing Tinggi will be constructed by the consortium that includes state-owned toll road operator PT Jasa Marga ' which holds the largest stake of 55 percent ' construction firm PT Pembangunan Perumahan (15 percent), PT Waskita Karya (15 percent) and PT Hutama Karya (15 percent).
At present, the land acquisition process for the construction of the toll road's first section has reached 83 percent and acquisition for the second section is already at 81 percent.
Djoko said that the working progress of the first section had reached 15 percent with total investment of Rp 1.1 trillion (US$87 million).
'With the signing of the concession agreement, we expect the construction can immediately be implemented, in the hope that by 2016 the first section can begin operation, followed by the second section in 2017,' Djoko said.
The investment to construct the entire toll road reached Rp 4 trillion, of which 30 percent is coming from PT Jasamarga Kualanamu Tol's equity, while the remaining 70 percent will be financed by bank loans.
Agus said that following the deal, PT Jasamarga Kualanamu Tol would conduct a tender for consultants between January and March this year.
The toll road is part of the ministry's support for the Master Plan for the Acceleration and Expansion of the Indonesian Economy (MP3EI) program that is expected to improve road connectivity in Sumatra.
Your premium period will expire in 0 day(s)close x
Renew your subscription to get unlimited access