PT JASA MARGA (Persero) Tbk.
Number : 17/2019 Dated January 30, 2019
Jasa Marga Performs BLU BPJT Revolving Fund Agreement Obligations
Jakarta (01/30) - PT Jasa Marga (Persero) Tbk.'s business groups - PT Trans Marga Jateng (Semarang-Solo Toll Segment), PT Jasamarga Gempol Pasuruan (Gempol-Pasuruan Toll Road), PT Marga Trans Nusantara (Kunciran-Serpong Toll Road), PT Jasamarga Kunciran Cengkareng (Kunciran-Cengkareng Toll Road), and PT Jasamarga Surabaya Mojokerto (Surabaya-Mojokerto Toll Road) - still have land-acquisition revolving fund agreement obligations towards Public Service Agency for Toll Road Regulatory Agency (BLU BPJT).
Jasa Marga and its business groups have commitments to perform the aforementioned obligations well. Jasa Marga suggested that the agreement ends in a termination agreement in order to naturally stop any added values and fines.
Jasa Marga made several proposals for the termination agreement, namely:
1. Added value and penalties are calculated as investment financial cost components stipulated in the Toll Road Concession Agreement (PPJT) amendments.
2. The BLU principal payment scheme is performed six months after the debt repayment agreement (for BUJTs which have already operated), or six months after one operational segment (for BUJTs which have not been operating).
3. BLU fine and value-added payment scheme are performed one year after the PPJT addendum with installment schedules (for BUJTs which have already operated) or one year after operation and PPJT addendum (for BUJT which have not operated yet).
Currently, Jasa Marga has made intensive discussions with BPJT related to these proposals.
For more information, please contact:
M. Agus Setiawan
PT Jasa Marga (Persero) Tbk.
Plaza Tol Taman Mini Indonesia Indah
Tel. (021) 841 3526 / ext. 117/118