Jasa Marga Rp 4-Trillion Land Fund for an Immediate Cengkareng-Batuceper-Kunciran Toll Road Construction

4/4/2019 4:04:55 PM


​PT JASA MARGA (Persero) Tbk

Number : 46/2019 Dated March 26, 2019


Jasa Marga Rp 4-Trillion Land Fund for an Immediate Cengkareng-Batuceper-Kunciran Toll Road Construction

Jakarta (03/26) - PT Jasa Marga (Persero) Tbk, through its business group, PT Jasamarga Kunciran Cengkareng (JKC), acquired a Rp4-trillion land-bailout syndicated loan for the 14.19-km Cengkareng-Batuceper-Kunciran Toll Road land acquisition.  The toll road will be a part of the Stage 2 Jakarta Outer Ring Road (JORR2) Toll Road Network.
The loan agreement was signed at Jasa Marga Head Office, Jakarta, on Tuesday (03/26), witnessed by Jasa Marga's Finance Director Donny Arsal, PT JKC President Director Agus Suharjanto, PT Bank Rakyat Indonesia (Persero) Tbk. Vice President Suyitno, PT Bank Central Asia Tbk. Vice President Yayi Mustika Pudyanti, Head of State-Owned Enterprises and Government Institution Division of PT Bank Negara Indonesia (Persero) Tbk. Edson Yudisthira and PT Bank Mandiri (Persero) Tbk. Vice President Octavianus Sembiring.

Each of the four banking-syndicates - BRI, BNI, BCA and Bank Mandiri - disbursed a Rp1-trillion fund. 

BRI Executive Vice President Dayang Nurbaiti was the Escrow Agent​​, while BCA Executive Vice PresidentSusiana Santoso as the Guarantor.

Jasa Marga Finance Director Donny Arsal expressed his gratitude for the financial ​support.

"We deeply appreciate our bank associates for their trust. ​Jasa Marga's accomplishment in maintaining its net revenue amidst business expansion has been appealing​​," he said.

PT JKC President Director Agus Suharjanto assures the land bailout fund, denoted​ in ​the agreement, as the Rp 4-trillion loan application has been approved by the banking-syndicates.

"The land bailout fund will be allocated for all the land compensation of the Cengkareng-Batuceper-Kunciran Segment," he said.

Agus Suharjanto also expressed his gratitude for all the support in the development of Cengkareng-Batuceper-Kunciran Toll Road which will be a part of JORR2 Toll Road for a better nationwide connectivity.

The Cengkareng-Batuceper-Kunciran Toll Road will be divided into four segments, namely Kunciran Interchange-Sultan Ageng Tirtayasa Interchange Segment I (2.04 km), Sultan Ageng Tirtayasa Interchange-Benteng Betawi On/Off Ramp Segment II (3.52 km), Benteng Betawi On/Off Ramp-Husein Sastranegara Interchange Segment III (6.57 km) and Husein Sastranegara Interchange-Benda Interchange Segment IV (2.06 km).

The toll segment, with a 35-year concession period and Rp 5.009-trillion investment fund, will be the last end of JORR2 toll road network.

The land acquisition has reached 63,96%, targeted to reach 100% by September 2019. Cengkareng-Batuceper-Kunciran Toll Road itself is projected to operate by the ​​fourth quarter of 2019. 

For more information, please contact:
1. Agus Suharjanto
President Director
PT Jasamarga Kunciran Cengkareng
Business Park Tangerang City No. A19
Jl. Jend. Sudirman No. 1 Cikokol Tangerang
Banten - Indonesia
Tel. (021) 55782453
Email. jasamargakuncirancengkareng@gmail.com

2. Irra Susiyanti
Corporate Communication Department Head
PT Jasa Marga (Persero) Tbk.
Plaza Tol Taman Mini Indonesia Indah
Jakarta 13550
Tel. (021) 841 3526 / ext. 117/118