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Jakarta Post

Government disburses Rp 25.29t to 34 toll road operators

Government disburses Rp 25.29t to 34 toll road operators Workers build an underground tunnel on Aug. 14 for the Cisumdawu toll road, which runs through Cilengsar village in West Java's Sumedang regency. (tempo.co/Prima Mulia)
News Desk
Jakarta   ●   Mon, December 18, 2017 2017-12-18 11:36 1237 1f87594453bb792833e1ece3a2ded301 4 Business LMAN,toll-road,bailout,disbursement Free

The government through the State Asset Management Agency (LMAN) has disbursed Rp 25.29 trillion (US$1.77 billion) to 34 toll road operators, tribunnews.com reported on Monday.

The funds would be used to acquire land for toll road projects, collectively grouped as National Strategic Projects (PSN), said Public Works and Housing Ministry road director general Arie Setiadi Moerweanto.

“The construction of the toll road projects has taken place quickly because [the developers] frequently check to know when the funds will be disbursed,” said the official over the weekend.

LMAN director Rahayu Puspasari said the disbursement of the funds demonstrated the commitment of her institution to accelerating the construction of the infrastructure projects.

Previously, LMAN disbursed Rp 11.65 trillion to acquire 17,177 plots of land for the toll road projects.

The Rp 25.29 trillion fund for land acquisition was included in the revised 2017 state budget. (bbn)