Toll road operator prepares Rp27 trillion for 2019 capex. State-owned toll road operator PT Jasa Marga has announced that it has prepared Rp27 trillion (US$1.88 billion) for this year’s capital expenditure (capex) — 8.64 percent lower than its capex in 2018.
The company said part of the funds would be used to finance few new toll roads that would be auctioned by the government, but the majority would be used to complete a number of incomplete projects.
This year, Jasa Marga is eyeing several new toll road projects, including Semarang-Demak in Central Java and Gedebage-Tasikmalaya in West Java.
The unfinished projects include Pandaan–Malang in East Java; Jakarta–Cikampek II elevated toll road, Medan–Kualanamu–Tebing Tinggi in North Sumatra; Balikpapan–Samarinda in East Kalimantan; Manado–Bitung in North Sulawesi, Jakarta Outer Ring Road 2; Kunciran–Serpong in Banten; and Serpong–Cinere.
Jasa Marga president director Desi Arryani said the company targeted to complete all the projects this year, but she did not reveal the revenue projections for toll road projects.
However, she said that inner city toll roads were more lucrative. “TransJava is an intercity toll road. It takes much time to increase its traffic,” Desi said recently, as quoted by kontan.co.id, referring to the toll roads that will connect Merak Port in Banten to Banyuwangi in East Java.
Desi said the company could not immediately collect much revenue from newly inaugurated toll roads because the traffic was still low. She admitted that such low traffic had pressed the company’s profit. “It is because of high banking interest rates,” she added. Toll road operator prepares Rp27 trillion for 2019 capex (das/bbn, The Jakarta Post)