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May 09, 2016 17:13:27
JSMR as initiator of Jakarta-Cikampek Elevated toll road is looking for a strategic partner to join the tender. JSMR will eye for a majority stake in the project (60%). The company hopes that tender process can start in June this year with 2 years construction period. Capacity of current Jakarta-Cikampek section is quite tight which causes traffic jam at Cikunir interchange.  Investment is expected at Rp12-17tn for the project.  JSMR also proposed Jakarta-Cikampek II South section to the gov’t but gov’t puts priority on the elevated section given minimal need for land clearing.  Both projects are already approved by Public Works Ministry.

$JSMR


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