Toll road business reviving.
Before the crisis hit Indonesia Indonesia (ĭn'dənē`zhə), officially Republic of Indonesia, republic (2005 est. pop. 241,974,000), c.735,000 sq mi (1,903,650 sq km), SE Asia, in the Malay Archipelago. in 1997, toll road business in the country was brisk Brisk as a proper name may refer to:
A temporary fall in performance, often describing consistently falling security prices for several weeks or months. in the business sector. A number of projects were even left half finished and many were shelved or scrapped because of financial problem. The government issued a presidential decree decree, in law, decision of a suit in a court of equity. It is the counterpart in equity of the judgment in a court of law, although in those jurisdictions where law and equity have merged, judgment is sometimes used to include both. No. Keppres N0.39/1997 rescheduling or shelving shelv·ing
1. Shelves considered as a group.
2. Material for shelves.
3. An incline; a slope.
1. material for shelves
2. a number of large infrastructure projects including toll road projects. Development or resumption RESUMPTION. To reassume; to promise again; as, the resumption of payment of specie by the banks is general. It also signifies to take things back; as the government has resumed the possession of all the lands which have not been paid for according to the requisitions of the law, and the of projects began only in 2002 based on a presidential decree No. 15/002 reviewing the feasibility of some toll road projects.
In 2001, the government transferred the operating authority over a number of toll roads from investors to state-owned road building company Jasa Marga Marga can refer to:
Revocation by the act of a party is intentional and voluntary, such as when a person cancels a Power of Attorney that he has given or a will that he has written. of the authority from investors followed the crisis that also hit the investors that could not meet their commitment to their financers such as in the case of the Jakarta Jakarta or Djakarta (both: jəkär`tə, jäkär`tä), city and special district (1990 pop. 8,227,746), capital and largest city of Indonesia, NW Java, at the mouth of the canalized Ciliwung River, on Jakarta Outer Ring Road (JORR JORR Jakarta Outer Ring Road (Indonesia) ) the contractor of which was trapped in heavy debt and was eventually put under the control of the Indonesian Bank Restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). Agency (IBRA IBRA Indonesian Bank Restructuring Agency
IBRA International Bee Research Association (United Kingdom)
IBRA Interim Biogeographic Regionalisation for Australia
IBRA International Barrel Racing Association ). Malaysian Consortium had indicated interest in taking over the job to resume the construction of the toll road, but failed in a tender.
Investment opportunity in told road projects is still wide open for foreign investors. The government has offered the a toll road project between Semarang Semarang (səmä`räng), city (1990 pop. 1,249,230), capital of Central Java prov., N Java, Indonesia, on the Java Sea and at the mouth of the Semarang River. An important port, it is one of the major commercial centers of Java. and Solo in Central Java Central Java (Indonesian: Provinsi Jawa Tengah) is a province of Indonesia. The administrative capital is Semarang. It is one of the six provinces of the island of Java. Central Java is both a political entity and a cultural concept. to an Australian contractor. The 22 km toll road project is one of nine toll road projects proposed by regional administrations being studied by the central government to see their feasibility. Other toll road projects proposed by regional administration which have been offered to foreign contractor are the first phase, 117.5 km long, of the Surabaya-Mojokerto toll road project and a 13.6 kin toll road projects between Gempol and Pandaan in East Java East Java (Indonesian: Jawa Timur) is a province of Indonesia. It is located on the eastern part of the island of Java and also includes neighboring Madura and Bawean islands. to be built soon expected by investor from Saudi Arabia Saudi Arabia (sä`dē ərā`bēə, sou`–, sô–), officially Kingdom of Saudi Arabia, kingdom (2005 est. pop. .
In June 2003, the government raised the tariff tariff, tax on imported and, more rarely, exported goods. It is also called a customs duty. Tariffs may be distinguished from other taxes in that their predominant purpose is not financial but economic—not to increase a nation's revenue but to protect domestic of some of the toll road especially ones operated by the private sector. The increase in tariff came following the decision of the government to resume the construction of 21 sections of toll road totaling 597 km and valued at Rp 31.6 trillion One thousand times one billion, which is 1, followed by 12 zeros, or 10 to the 12th power. See space/time.
(mathematics) trillion - In Britain, France, and Germany, 10^18 or a million cubed.
In the USA and Canada, 10^12. . Six of the projects valued at Rp 6.7 trillion will be built soon or being built some by PT Jasa Marga.
Toll road projects hampered by crisis.
The revival of some of the economic sectors has come with greater mobility of people and faster flows of goods in the regions. The change was marked with the growing traffic congestion The condition of a network when there is not enough bandwidth to support the current traffic load.
congestion - When the offered load of a data communication path exceeds the capacity. and density of urban and high way traffic. Toll roads, therefore, are growing vital to cope worse traffic jams.
PT Jasa Marga was established in 1978 with a mission to build and operate toll roads. The crisis that began in 1997 has badly hit the economy forcing the government to shelve shelve
v. shelved, shelv·ing, shelves
1. To place or arrange on a shelf.
2. many large infrastructure projects including toll road projects. Some of the toll road projects were later resumed after Jasa Marga took over the jobs from private investors that could not continue to build the projects because of the crisis that was marked by the rupiah ru·pi·ah
n. pl. rupiah
See Table at currency.
[Hindi rupay, rupiy fall. The rupaih fall sent the price and costs of building project soaring soaring: see flight; glider.
Sport of flying a glider or sailplane. The craft is towed behind a powered airplane to an altitude of about 2,000 ft (600 m) and then released. in term of the national currency.
Privately built toll roads decline in number
PT Jasa Marga began commercial operation in 1978. The state company has so far built and operated 12 tot road and bridge projects carried out by 9 branches. The 12 toll roads are (1) Jakarta--Bogor--Ciawi (Jagorawi), (2) Semarang arteri A--B--C, (3) Jakarta--Tanggerang, (4) Surabaya--Gempol, (5) Jematan Tol v. t. 1. (Law) To take away. See Toll. Mojokerto Mojokerto is one of the districts in East Java Province, Indonesia. It is located 40 km southwest of Surabaya, and constitutes one of the regional units of Gerbangkertosusila Development (a linkage of towns and city connecting Gresik, Bangkalan, Mojokerto, Surabaya, Sidoarjo, and , (6) Belawan--Medan, (7) Jakarta--Cikampek, (8) Cawang--Tomang--Pluit, (9) Prof Dr. k. Sedyatmo (jalan tol Ice bandara Soekamo-Hatta), (10 Padalarang--Cileunyi, (11) Jembatan Tol Citarum and (12) Palimanan--Kanci (Palikanci).
Until 2002, the length of toll roads in the country already operational was 520 km including 383 km owned and operated by PT Jasa Marga or up from 354 km in the previous year. The addition included the sections E2 and S of the Jakarta Outer Ring Road (JORR) by PT Jalantol Lingkarluar Jakarta, one of its subsidiaries, which took over the project from a previous contractor now under control of IBRA for default on the payment of its credit.
On the other hand Jasa Marga had also transferred the operation of the Citarum toll bridge and Mojokerto toll bridge on June, 2003 after the status of the two bridges For the neighborhood in New York City, see .
Two Bridges is an isolated location in the heart of Dartmoor National Park, in Devon, United Kingdom. It is situated around 2. were changed with public bridged. However, in August, 2003, Jasa Marga started the operation of the 59 km Cikampek-Padalarang toll road. Earlier Jasa Marga completed and revoked the Operation Authority Agreement (PKP PKP Public Knowledge Project (Canada)
PKP Public Key Partners (vendor)
PKP Penetrating Keratoplasty (cornea graft)
PKP Polskie Koleje Panstwowe ) over half finished toll road project from its former investor PT Citra Ganesha Ganesha: see Hinduism.
Elephant-headed Hindu god, the son of Shiva and Parvati. He is also revered in Jainism, and he is important in the art and mythology of Buddhist Asia. .
Before the crisis PT Drassindo was ambitious to become a major toll road operator in the country to follow Citra Lamtoro lamtoro
[Indonesian] the name given to the disease caused by the ingestion of Leucaena leucocephala. Gung Persada of Mrs Siti Hardiyanti Rukmana. Djoko Ramiadji, the owner of the Drassindo (Djoko Ramiadji Associate Indonesia) Group, was formerly a director of the Citra Group. The first toll road built by the Drassindo Group was the Pondok pondok or pondokkie
(in southern Africa) a crudely made house or shack [Malay pondók leaf house] Pinang--Kampung Rambutan/Jagiomwi-Cikunir toll road. This project the Drassindo Group through PT Investa Kusuma Kusuma is a village in Reodar Tahsil of Sirohi District of Indian state of Rajasthan.It is 45 km from Abu Road.Its ancient name was Kutsasrama meaning a hermitage of Kutsa. Arta formed a joint venture company PT Marga Nurindo Bhakti bhakti (bŭk`tē) [Skt.,=devotion], theistic devotion in Hinduism. Bhakti cults seem to have existed from the earliest times, but they gained strength in the first millennium A.D. with a consortium of PT Bhaskara Bhaskara (bŭs`kərə), called Acarya (əchär`yə) [Skt.,=learned], b. 1114, Indian mathematician and astronomer. Dunia Jaya Jaya (born Maria Luisa Ramsey on March 21, 1970, in Manila, Philippines) is a Filipino pop singer with African American ancestry. Biography
She is known in the Philippines as the Queen of Soul. , Hanurata, PT Marga Strukturindo Raya, Citra Lamtoro Gung Persada and Jasa Marga.
Management system of privately operated toll roads
The government through state company PT Jasa Marga is the operator of toll road in the country. The private sector is involved as an investor with certain repayment system such as Build Transfer and Operate (BTO BTO British Trust for Ornithology
BTO Business Technology Optimization
BTO Bachman Turner Overdrive (band)
BTO Business Transformation Outsourcing
BTO Brutto (German: Gross [quantity]) ) and Build, Operate and Transfer (BOT) Repayment of the fund invested by private investors through profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of .
Under that system, Jasa Marga is the operator such as in the case of the Jakarta-Cikampek toll road in which the investor is PT Bangun Tjipta Sarana. The BTO system is also used for the Kebon Jeruk--Tangerang toll road in which the investor is PT Adhika Prakasatama and the interchanges of Karawaci Karawaci may refer to:
Under the second system, the investor, which builds toll road will operate the toll road for 20-40 years. The investor will fully take the toll road fee and other related income including the fee for bill boards along the road. The operator, however, must be a consortium in which Jasa Marga is involved as a shareholder in a joint venture. The first private company operating toll road is PT Citra Marga Nusaphala Persada for the Cawang-Tanjung Priok, which started operation in 1990.
The cooperation is a form of management contract in which investors will build toll roads but Jasa Marga will be the operator.
In several toll road projects, PKP has been used, but not yet fully implemented.
The crisis has forced the government to resehedule a number of toll road projects. However, with the improvement of the economy, the government issued a presidential decree No.64/2000 on May 8, 2000, under which some of the projects are to be implemented. On March 22, 2002, the government issued another presidential decree revoking a previous decree No. 39/1997. The government decided to continue plan for six toll road projects including:
* JORR--W2 South, E1 South and E1 East sections
* Cikampek--Padalarang phase 1
* JORR--W2 North, E2, E3 and N sections
* JORR--W1 section
* Waru Interchange--Tanjung Perak interchange--phase 1
JORR project taken over by Jasa Marga
The impact of the monetary crisis that peaked in 1998, caused a delay in the completion of the 69.3 km Jakarta Outer Ring Road (JORR) project. The project was originally given to a consortium of Citra Mataram Mataram
Historic kingdom, Java. Originally a vassal state of Pajang, it became powerful under Senapati, who became its first king in the late 16th century. Its territory expanded in the early 17th century, but the kingdom later began to decline. Satriamarga Persada. Citra Bhakti Margatama Persada dan Marga Nurindo Bhakti.
The government and the House of Representatives agreed to continue the project as it is considered vital to support economic development. The project is labor intensive Labor Intensive
A process or industry that requires large amounts of human effort to produce goods.
A good example is the hospitality industry (hotels, restaurants, etc), they are considered to be very people-oriented.
See also: Capital Intensive, Trading Dollars , providing jobs for many workers and contractors and sub contractors.
The problem, however, surfaced over who was to be the contractors to carry out the project as the original contractor has been declared in default by the Indonesian Bank Restructuring agency (IBRA) over failure to settle a debt of Rp 2.6 trillion maturing in June-August 2000. PT Jasa Marga as the agency granting the project to the debt ridden consortium authorizing canceled the contract and took over the job for itself. Jasa Marga, therefore, is responsible for repaying Rp 1.07 trillion of the debt already spent for the project by the consortium to IBRA.
In line with a decision of the Financial Sector Policy Commitee (KKSK KKSK Karena Ku Sayang Kamu (song title) ), resumption of the JORR project was to be carried out under the BOT system for 35 years by PT Jalan Tol Lingkar Luar Jakarta, established by Jasa Marga and IBRA. The Rp 1.07 trillion debt, therefore, is to be converted into equity in PT Jalantol Lingkarluar Jakarta (JLJ JLJ Junior League of Jackson (Jackson, MS) ). IBRA, therefore, controls 90% of the company and Jasa Marge is a 10% shareholder.
The old contractor already finished part of the project and are already operational. The Pondok Pinang-Taman Mini section 14 km long is among the sections already operational. The section turned out an income of Rp 7.6 billion in January January: see month. 2002. The Kali Pasanggerahan-Veteran section 3 km long, was 65% finished by PT Citra Mataram Satriamarga Persada in 1996. The 1 km Meruya section was 25% completed by PT Jakarta Lingkar Baratsatu. The 1 km Taman Ta·man
A peninsula of southwest Russia projecting westward between the Sea of Azov and the Black Sea. It is rich in petroleum deposits. Mini junction was partly completed by PT Marga Nurindo Bhakti.
Now PT JLJ will carry out the work and a tender was opened to determine investor as the strategic partner. The investors, however, are not allowed to form a new consortium as partner and may not sell the project or their shares to other contractors. The tender for the JORR project was under the Right To Match (RTM (1) (RealTime Model) Refers to a system or architecture that performs operations in real time. See real time.
(2) (Release/Released To M ) system. Earlier, in pre qualification phase five contractors were short listed including Torno Torno can be:
MTD Maximum Tolerated Dose
MTD Memory Technology Device
MTD Month To-Date
MTD Methadone (drug screening)
MTD motion to dismiss (legal)
MtD Mountain Dew
MTD Memory Technology Driver Capital Bhd., Ganuda Bhd. And Malaysian Consortium (Malaysia Malaysia (məlā`zhə), independent federation (2005 est. pop. 23,953,000), 128,430 sq mi (332,633 sq km), Southeast Asia. The official capital and by far the largest city is Kuala Lumpur; Putrajaya is the adminstrative capital. ) and Jakarta Infrastructure Consortium (JIC JIC Just In Case
JIC Joint Intelligence Committee
JIC Joint Information Center (US government)
JIC Jewelry Information Center
JIC Joint Intelligence Center
JIC Joint Industrial Council
JIC Justice Information Center ), the only local contractors through to the next phase. The government's decision to delay the the next process of tender caused MTD Capital Bhd. (Malaysia) to quit in August, 2001.
After the final phase of the tender in January 2002, PT JLJ announced that all bidder failed as none of them met the conditions including in fund availability. Under the tender regulation, a bidder was require to have at least Rp 2 trillion in cash. With a dally earning of Rp 3 billion and long experience in building toll road, Jasa Marge is considered capable of carrying out the JORR project Jasa Marge said it could build and operate a toll road with lower tariff compared with the tariff proposed by foreign investors.
Jasa Marga, said with a toll road tariff of Rp 300 per km in the first year, JORR investors would earn a profit of Rp 5 trillion over a 35 year contract with income estimated at Rp 14.9 trillion and production and operating cost of Rp 9.9 trillion.
The most suitable system is for JORR is an open system such as in Jakarta city toll of Rp 5,000 for every car using the toll road regardless of the distance. If the open system is sued the income would rise to Rp 20.6 trillion on assumption that the tariff will increase 25% every three years. The net profit, therefore will be around Rp 10.7 trillion.
After Jasa Marga was named the operator of JORR, the company may not build the project entirely. The system used in the contract for JORR is modified turnkey See turnkey system. under which the contractor will build the project first with own fund. The payment for the fund is made from the income from the toll road operation. As a JORR investor, Jasa Marga has at least to issue bond, to raise Rp 2 trillion and for which approval was be needed from its shareholders. Jasa Marga proposed that payment for assets held by IBRA valued at Rp 1.07 trillion for 5 years as from the date work starts on the project.
The management of Jasa Marga could find strategic partner either private or state companies. Jasa Marga, for example, could team up with state-owned steel maker Krakatau Steel.
The unfinished project is estimated to need an additional investment of Rp 3.47 billion. Jasa Marga might find only problem in meeting the deadline. The government wants the project finished in 4 years, but the company said it could finish the project in 7 years.
Jasa Marga, therefore, is the best choice to carry out the project as the company has the capacity to secure a loan capital of up to Rp 6 trillion. Delay in the implementation of the project would face an increase in construction cost because of an increase in land price and inflation In addition the project could serve as milestone in the revival of the real; sector especially in the construction sector.
Government to go ahead with the construction of 21 toll road projects
Recently the government announced plant o continue development of previous plan of 21 toll road projects including JORR. The 21 projects totaling 597 km will cost around Rp 31.6 trillion. Six of the projects will soon be built totaling 98.6 km with a total investment of Rp 6.7 trillion.
A number of other projects are in the final phased of investment process. They include 6 sections totaling 223.4 km valued at Pep (1) (Packet Exchange Protocol) A Xerox protocol used internally by NetWare to transport internal Netware NCP commands (NetWare Core Protocols). It uses PEP and IPX for this purpose. Application programs use SPX and IPX. 13.8 trillion.
Nine other projects are toll roads proposed by regional administrations totaling 275.94 km valued at Rp 11.1 trillion now being studied.
The government has to be selective in building new toll road projects. In 2002-2004, the government plans to resume the construction of 12 toll road projects totaling 322 km valued at Rp 20.5 trillion. The 12 projects not including 9 toll roads proposed by regional administrations are JORR (W 2 South, E1 South, E1 North sections), Cipularang phase I, JORR (W2 North, E2, E3 and N sections) and JORR (W I section), SS Waru--Tanjung Perak Phase I and Gempol--Pandaan to he followed with Bekasi--Cawang--Kampung Melayu (22.4 kin), Waru--Wonokromo--Tanjung Perak (18.4 kin), Ciawi--Sukabumi Phase I (17 kin), Ciranjang--Padalarang Phase I (12 km), Cipularang Phase II (40 kin) and Cikampek--Cirebon (114 kin).
After issuing bond called Jasa Marga IX Seri N in April, 2002, the state company issued another bond called Jasa Marga X Seri O 2002 for 8 years to fall due in 2010. On August 15, 2003, the company listed the another bond called Jasa Marga XI Seri P 2003 with a fixed coupon rate Coupon rate
In bonds, notes, or other fixed income securities, the stated percentage rate of interest, usually paid twice a year. and a nominal value Nominal Value
The stated value of an issued security that remains fixed, as opposed to its market value, which fluctuates.
When referring to fixed-income securities, the nominal value is also the face value. of Rp 900 billion on the Surabaya Surabaya, Surabaja, or Soerabaja (srəbī`ə, Du. s Stock Exchange. The coupon is to be paid every three months until 2013.
Around 50% of the fund from Jasa Marga X Seri O bond will be used to finance development of the Pondok Pinang--Ulu Jami Jami (jä`mē), 1414–92, Persian poet, b. Jam, near Herat. His full name was Nur ad-Din Abd ar-Rahman Jami. His poetic influence was widespread. Nearly 100 works are attributed to him, of which some 40 are considered authentic. and the TMII-Cikunir sections of the 51.9 km JORR and 5 km Cilincing access road. The fund from the Jasa Marga XI Seri P bond will be used entirely for JORR sections already or to be controlled by Jasa Marga including W2, S, E1, E2, E3 sections.
Fund from Jasa Marga IX Seri N bond of 2002 has all been spent as scheduled. And has been reported to the Capital Market Supervisory Board Supervisory board
The board of directors that represents stakeholders in the governance of the corporation. (Bapepam)
Fund from the Jasa Marga X Seri O bond of 2002 has all been used as scheduled and has been reported to Bapepam.
Foreign investors interested
Construction of all toll road projects is offered by the government to private contractors either local or foreign companies. JORR of W 2 South, E1 and E1 North sections were offered to Malaysian Consortium, but it failed for too high bid. Finally the government named Jasa Marga to carry out the project.
The 22 km Phase I of Semarang--Solo toll road project was offered to an Australian investor. The toll road project is one of 9 toll road proposed by regional administrations being studied by the government. Other projects offered to foreign investors include the 117.5 km phase I of Surabaya--Mojokerto toll road, and the 13.6 km Gempol--Pandaan tol road in East Java, which has been offered to a Saudi investors. However, the old contractor of the project PT Margabumi Adhika Raya said it could continue the construction of the project. Finally the government decided to give the 13.6 km toll road project to the company.
The 5.44 km Surabaya--Madura toll bridge has yet to wait for confirmation from the Kuwait government, which has pledge to provide a loan of Rp 1.5 trillion. President Megawati has inaugurated the start of the construction of the bridge, the longest in the country spanning the Madura strait Madura Strait is a narrow stretch of water that separates the Indonesian islands of Java and Madura. There are small islands lying here: Kambing, Giliraja, Genteng, and Ketapang.
The Suramadu Bridge is currently under construction between Surabaya on Java and Bangkalan on Madura. .
Security problem with frequent bombings in the country such as the Bali bombing and the JE Marriott hotel bomb blast, however, has remained the biggest hurdle HURDLE, Eng. law. A species of sledge, used to draw traitors to execution. to be removed to smoothen the inflows of foreign investment to the country.
Users of toll roads increase in number
The number of users of toll roads is growing from year to year to follow the increase in the number of toll roads and cars. The opening of new toll road has also boosted development of new economic growth centers such as industrial estates and settlements. The area development will in turn contribute to increasing traffic in toll roads.
In 2002, toll road in operation totaled 520 km, including 383 km owned by Jasa Marga Based on data at Jasa Marga, in 2002, nine of it toll roads recorded 673.7 million users or an increase of 43.9% from 468.2 million in 1998.
Jasa Marga earns profit only from 5 toll roads
Toll road operators recorded losses before the tariff was raised on June, 10, 2003. The tariff was not raised from 1992. Jasa Marga did not report losses. Losses in some of its toll roads could be covered by profit it had from other toll roads. The toll roads of Tanggerang-Merak and Surabaya-Gresik, which are operated by private companies suffered big losses. If the government postponed raising the tariff any longer, it was not impossible the operators would go bankrupt BANKRUPT. A person who has done, or suffered some act to be done, which is by law declared an act of bankruptcy; in such case he may be declared a bankrupt.
2. It is proper to notice that there is much difference between a bankrupt and an insolvent. .
Out of 13 toll roads operated by Jasa Marga, only five are profitable. The rest are money losing toll roads especially the Pondok Aren-Bintaro toll road which recorded only 5,000 cars a day, Plumbon Kanci toll road with 8,000 users and the Semarang toll road with 34,000 cars a day. The ones that turn out profit include the Jakarta-Cikampek toll road recording 273,000 cars using ti every day and the Jagorawi toll road Jagorawi Toll Road was the first toll road in Indonesia. Completed in 1978, it links the capital city of Jakarta to Bogor and Ciawi. It has a length of more than 60 km going north and southbound and is operated by PT Jasa Marga, a state-owned enterprise. using it by 228,000 cars a day.
Among joint ventures involving Jasa Marga only PT Citra Marga Nushapala Persada has distributed dividend for the state company. Before the crisis dividend distributed by the operator of the Jakarta inner ring roads to Jasa Marga averaged Rp 25 billion a year. After the crisis the dividend shrank shrank
A past tense of shrink.
a past tense of shrink
shrank shrink to Rp 1 billion in 2000 not to mention the lost value of the rupiah. Dividend from toll roads built as a joint venture with other company is zero. Jasa Marga, therefore, as joint ventures caused more losses than profit.
Jasa Marga hopes to be able to forgo its position as toll road regulator regulator,
n the mechanical part of a gas delivery system that controls gas pressure that allows a manageable flow of drug vapor to escape.
see reducing valve. and to function only as operator. Jasa Marga loses more gaining profit from being toll road regulator. AS a regulator Jasa Marga is responsible for the debt of investors in the event of failure of payment.
Toll road tariffs This is a list of tariffs and trade legislation:
The government sets the toll road tariffs. The tariff for toll roads built by private investors is based also on the amount of investment used for the construction and the period of concession. The tariff was not raised from the year 1992 until June, 2003.
The amount of investment is one of the factors used to set toll tariff such as in the case of PT Jasa Marga for its Cawang--Tanjung Priok--Jembatan Tiga/Pluit. According to according to
1. As stated or indicated by; on the authority of: according to historians.
2. In keeping with: according to instructions.
3. regulations, the tariff must not exceed profit.
Income of Jasa Marga Rp 632.4 billion
According to its financial report, Jasa Marga in 2002 earned an income of Rp 1.07 trillion including income from advertisements--or an increase of 15.3% from Rp 928.49 billion in the previous year. However, increase in operating cost caused a decline of 5.9% in net profit to Rp 148.4 billion in 2002. See the following table.
Prospects and conclusion
In general the condition of Indonesian toll roads is worse than those of other countries in the region such as Malaysia and Thailand. In Asia, China is ahead in toll road development. According to Jasa Marga Indonesia has 520 km of toll road in operation not proportional proportional
values expressed as a proportion of the total number of values in a series.
the patient is a miniature without disproportionate reductions or enlargements of body parts. with the number of cars.
Private companies operate only 137 km of toll roads. The rest are operated by Jasa Marga. There are 8 toll road projects being built totaling 187.6 km. Malaysia already has 1,000 km of toll road in operation and a number of toll roads are being built. Before the crisis the government provided land for toll road projects, but now the investors have to pay for the land.
Table--1 Length of toll roads in Indonesia, 1998-2003 (Km) Year Jasa Marga Investors Total 1998 354 161 515 1999 354 161 515 2000 354 161 515 2001 354 161 515 2002 383 137 520 2003 386 142 528 Source: Jasa Marga/Data Consult Table--2 Toll road operated in 2002 Sections Length Investor/ Starting (Km) operator Operation 1. Jagorawi 46.00 Jasa Marga, 1978 (Jakarta-Boor-Ciawi) PT 2. Jakarta - Cengkaren 27.00 Jasa Marga, 1985 (Jl Prof Sediyatmo) PT 3. Jakarta - Cikampek 74.00 Jasa Marga, 1988 PT 4. Cawang - Tomang-Grogol-Pluit 39.00 Jasa Marga, 1989 PT 5. Padalarang - Cileunyi 46.00 Jasa Marga, 1991 PT 6. Semarang arteri 18.80 Jasa Marga, 1983 (A, B & C) PT 7. Surabaya - Gempol 42.00 Jasa Marga, 1986 PT 8. Belmera (Medan) 34.40 Jasa Marga, 1986 PT 9. Jakarta - Tagerang 34.60 Jasa Marga, .... (Tomang-Tagerang Barat &) PT Tangerang-Tangerang Barat 10. Cikunir - Cakung 8.80 JLJ, PT * 1990 (JORR E2 + E3 + N) 11. Pd Pinan - Kp Rambutan 14.83 JLJ, PT * 1995/96 JORRS Subtotal (Jasa Marga/BUMN) 386.27 13. Cawan - Tj Priok 30.94 Citra Marga 1990 Jembatan Tiga Nusaphala (JI Wiyoto Wiyono) 14. Tangerang - Merak 72.45 Marga 1993 Mandalasakti 15. Surabaya - Gresik 20.05 Margabumi 1993 Matraraya 16. Tallo Lama toll bride 1.00 Bosowa Marga 1981 Nusantara 17. Pelabuhan Laut Soekarno 30.94 Hatta - St. Abdullah Teuku Umar - Uri Sumohardjo 18. Pondok Aren-Bintaro 7.20 PT Bintaro 2000 Sub-total (private/consortium) 142.00 Serpong Total length of toll road 528.27 Damai * Operated by subsidiary of Jasa Marga (PT Jalantol Lingkarluar Jakarta) Source: Jasa Marga/Data Consult Table--3 Joint operation without operating authority Investors Cooperation Investor's Cooperation project share of term toll income Joint operation toll roads: PT Bangun Tjipi Cikampek-Cibitung 69% 26 y since 1989 Sarana Cawang-Cibitung 41% 25 y since 1994 PT Adhika Jakarta-Tangerang 41% 18 y since 1994 Prakarsatama Interchange: PT Royal Sentul Sentul Selatan 41%-20% 9 y since 1995 Highland PT Lembah Golf Ram G. Putri III 41% 8 y since 1997 Jagorawi Profit sharing joint operation toll road with minimum interchange: PT Suryacipta Karawang Timur 4%-14% 16.3 since 1996 Swadaya PT Karabha Digdaya Cimanggis 37.50% As from the completion of project to full repayment PT Indocement Gunung Putri II 35% As from 1992 Tunggal Perkasa until fully paid PT Lippo Karawaci Karawang & 17.5% 10 y as from Gerbang Tol 1997 PT Jakartabaru Ext RampSTA 18 26.5% 3 y as from Cosmopolitan Jakarta-Tangerang 1999 Joint operation of interchanges : PT Megapolis Cibitung - 10 y as from Manuggal 1995 PT Besland Kalihurip - 10 y as from Pertiwi (Jkt-Cikampek) 1997 PT Wijaya Karya Cibubur - As from 1998 until fully paid Other joint operation systems : Grant (development t of interchange to be compensated with free display of ad billboard PT Maligi Permata Interchange of - 2001 - 2005 Industrial Estate Karawang Barat PT Pembangunan Cikarang Timur - 3 years Deltamas Bekasi Source: Jasa Marga/Data Consult Table--4 Joint ventures under PKP Investors Toll road Length of sections toll road % Toll roads already operational: PT Citra Mar Nus. Cawan-Tg. 28.50 Prick-Pluit PT Marga Tangrg-Merak-Tahap I 34.20 Mandalasakti Tangrg-Merak-Phase II 38.25 PT Margabumi Surabaya - Gresik 20.70 Matraraya PT Bosowa mar Nus. Pelabuhan Laut 10.36 Soekar- no Hatta-ST. Abdullah Teuku Umar-Uri S. Toll road project under construction: PT Kresna Bekasi Timur-Cawang- 21.50 Kusuma DM. Kampung Melayu PT Margabumi Gempol-Pandaan 13.64 Adhika R. Projects under preparations: PT Citra SS Waru - Tanjung 36.50 Margatama Surabya Perak PT Bukaka Ciawi - Sukabumi 53.50 Mar Utama Jakarta Outer Ring Road (JORR): PT Jalan Tol Lingkar Kb.Jeruk-Pdk.Pinang 57.00 Luar Jakarta JLJ Pdk.Pian-Jagorawi Cikunir-Cakung- Cilincing-Tg.Priok Projects shelved and reviewed: PT Marga Jawa Tol Waru - Wonokromo - 18.40 Tanjung Perak Projects taken over by Jasa Marga as PKP no loner effective: PT Citra Bhakti MP. JORR sections 19.20 E2,E3,N PT Citra Mataram JORR section W2 11.17 SNIP. PT Citra Ganesha Cikampek-Padalarang 59.00 MN. PT Marga Semaran - Demak 25.00 Mawatindo E. PT Marga Nul Suraba a-Mojokerto 37.87 asumo A. PT Marga Nerindo B. Sections Sand 26.74 El of JORR Investors Participation Concession % period Toll roads already operational: PT Citra Mar Nus. 17.79 1994 - 2023 PT Marga 5.36 1990 - 2020 Mandalasakti 1993 - 2023 PT Margabumi 6.47 1991 - 2016 Matraraya PT Bosowa mar Nus. 10.00 1994 - 2024 Toll road project under construction: PT Kresna 10.00 32 since NTP Kusuma DM. PT Margabumi 15.00 22 since NTP Adhika R. Projects under preparations: PT Citra 15.00 33 y since Margatama Surabya operation PT Bukaka 20.00 27 y 8 month Mar Utama since operate Jakarta Outer Ring Road (JORR): PT Jalan Tol Lingkar 99.0 35 y Luar Jakarta JLJ since 2001 Projects shelved and reviewed: PT Mar a Jawa Tol 33 since NTP Projects taken over by Jasa Marga as PKP no loner effective: PT Citra Bhakti MP. 34.83 PKP cancel PT Citra Mataram 15.00 PKP cancel SNIP. PT Citra Ganesha 30.00 PKP cancel MN. PT Mar a 8.33 PKP cancel Mawatindo E. PT Mar a Nul 16.00 PKP cancel asumo A. PT Marga Nurmdo B. 10.00 PKP cancel Source: Jasa Marga/Data Consult Table--5 Management contract cooperation Investor Toll roads Form of Length of Concession Cooperation road Term PT Bintaro Pondok Management 7.25 1997-2024 Serpong Aren-Serpong contract Damai Sumber: Jasa Marga/Data Consult Table--6 Toll road projects under PKP not yet implemented Investor Projects Length Concession (Km) perion Tol road project under construction: PT Jakarta Lingkar Kebon Jeruk - Rawn 9.76 1997-2027 Barat Satu Buaya - Penjaringan Toll road projects yet to be built: PT Marga Setiapuritama Semarang - Batang 75.00 28 th after operation Source: Jasa Marga/Data Consult Table--7 Sections of JORR to be built Sections Areas Length Wl Penjaringan - Kebon Jeruk - W2 - first section Pondok Pinang - Veteran 2.7 km W2 - second section Veteran - Ulujami 1.3 km E1 - first section TMII junction - Ceger 1.0 km E1 - second section Ceger - Jalan Raya Hankam 3.0 km E2 * Cikunir - Cakun 9.2 km E3 Cakung - Cilincing 4.7 km * Already finished and operational in 2003 Source: Data Consult Table--8 First year's tariff per km proposed for JORR Bidders Tarriff (Rp/Km) Malaysia Consortium Rp 500 Gamuda Sdn. Bhd. Rp 500 Torno Internazionale spa Rp 340 Jakarta Infrastructure Consortium -- Jasa Marga Rp 315 Source: Data Consult Table--9 Toll road projects to be resumed Projects to be built soon Description Length (km) 1. JORR (Jakarta Outer Ring Road) - W2 South 4 - E1 South 4 - E1 North 8.40 2. Cikampek - Padalarang phase I - Cikampek-North Purwakarta 13 - Padalaran-Bypass 6 3. JORR - W2 North section 7.17 - E2, E3 & N sections 19.20 4. JORR - W1 section 9.76 5. SS Waru - Tanjung Perak Phase I - Waru-Tambak Oso-Juanda 13.50 6. - Gempol - Pandaan 13.60 Total 98.63 Source: Jasa Marga/Data Consult Table--10 Toll road projects in the final phase of investment process Description Length (km) 1. Bekasi - Cawang - Kampung Melayu 22.40 2. Waru - Wonokromo - Tanjung Perak 18.40 3. Ciawi-Sukabumi Phase I of Ciawi-Lido 17.00 4. Ciranjang - Padalarang Phase I 12.00 - Citatah - Padalarang 5. Cikampek - Padalarang Phase II 40.00 - North Purwakarta - Padalarang 6. Cikampek - Cirebon 114.00 Total 322.43 Source: Jasa Marga/Data Consult Table--11 Toll road projects proposed by regional administration Description Length (km) 1. Surabaya - Madura bridge 5.44 2. Surabaya - Mojokerto Phase I of 17,50 Waru - Krian 3. Semarang - Solo Phase 1 22,00 Semarang - Bawen 4. Bogor Ring Road 10,50 5. Cikarang - Tanjung Priok 55,50 6. Palembang - Indralaya 24,50 7. Medan - Binjai 20,50 8. Pekanbaru - Dumai 95,00 9. Cileunyi - Subang - Dawuan Phase I 25,00 Total 275.44 Source: Jasa Marga Table--12 Report about spending of fund from Jasa Marga IX Seri N bond of 2002 By June 30, 2003 No. Toll road project Use of fund The rest of fund (Rp' million) (Rp million) 1. Cikampek - Purwakarta 156,325 (31,725) 2. Padalarang - Bypass 121,754 (5,274) 3. Pondok Aren - Ulujami 102,419 37,261 4. Palimanan - Plumbon 19,240 - Source: Jasa Marga/data Consult Table--13 Report about the spending of Jasa Marga X Seri O bond of 2002 per tanggal 30 Juni 2003 No. Toll road project Use of fund The rest of fund (Rp'million) (Rp million) 1. Pondok Pinang - Ulujami 98,869 93,140 2. TMII Junction - Cikunir 221,338 222,015 Total 318,207 315,155 Source: Jasa Marga/data Consult Table--14 Volume of traffic in 9 toll roads of Jasa Marga, 1998-2003 ('000 cars) Branch 1998 1999 2000 Jagorawi 74,278 79,585 87,527 Semarang 15,262 18,930 20,781 Jakarta - Tanggerang 58,917 64,877 72,443 Surabayan - Gempol - Mojokerto - Surabaya - Gempol 40,754 45,476 51,001 - Mojokerto toll bridge 7,516 7,731 8,358 Belmera (Medan) 8,928 10,316 11,918 Jakarta - Cikampek 86,599 92,043 102,078 Cawang - Tomang - Cengkareng - Lingkar dalam Jakarta 107,759 121,790 139,874 - Pof. Dr. Ir. Sedyatmo 28,658 32,513 40,429 Padalarang - Cileunyi - Citarum - Padalarang - Cileunyi 29,488 32,321 36,385 - Jembatan tol Citarum 7,363 7,302 7,866 Palimanan - Kanci 2,330 2,885 3,585 JORR - E2 section * - - - JORR - S section ** - - - Total 468,216 515,769 582,247 Branch 2001 2002 2003 * Jagorawi 94,099 100,192 25,565 Semarang 22,179 21,901 5,231 Jakarta - Tanggerang 75,842 84,337 21,903 Surabayan - Gempol - Mojokerto - Surabaya - Gempol 55,154 58,030 14,401 - Mojokerto toll bridge 8,700 9,055 2,205 Belmera (Medan) 12,837 13,884 3,520 Jakarta - Cikampek 105,701 107,867 25,109 Cawang - Tomang - Cengkareng - Lingkar dalam Jakarta 152,435 166,290 42,936 - Pof. Dr. Ir. Sedyatmo 46,933 54,798 15,281 Padalarang - Cileunyi - Citarum - Padalarang - Cileunyi 39,096 41,148 10,164 - Jembatan tol Citarum 8,125 8,593 2,061 Palimanan - Kanci 5,590 7,608 2,158 JORR - E2 section * - - 2,150 JORR - S section ** - - 10,201 Total 626,691 673,704 182,888 * in 3 months ** Operated by Jasa Marga subsidiary PT JLJ Source: Jasa Marga/Data Consult Table--15 Number of cars using toll roads in 2000 Toll roads Length Starting Number Description year of (Km) operation of Cars Jagorawi 48.0 1978 228,000 Profitable Semarang A & B sections 15.0 1983 54,000 Losing Jakarta-Tanggerang Barat 27.0 1984 198,000 Profitable Prof Dr Ir Sedyatmo 14.0 1985 100,000 Profitable Surabaya-Gempol 14.0 1986 120,000 Profitable Belmera 34.0 1986 31,000 Losing Jakarta-Cikampek 72.0 1988 273,000 Profitable Cawang-Tomang 16.0 1989 241,000 25 : 75 Tomang-Grogol-Pluit 8.0 1996 - - Padalarang-Cileunyi 36.0 1991 115,000 Losing Semarang C section 10.0 1998 34,000 Losing Plumbon-Kanci 20.0 1998 8,000 Losing Pondok Aren-Bintaro 2.5 2000 5,800 Losing Source: Jasa Marga/Data Consult Table--16 Number of cars using toll roads under old operators Toll road Length Operation (Km) - Cawang-Tanjung Priok 39.94 1989 Harbour Road - Tanggerang-Merak 72.45 1992 - Surabaya-Gresik 18.59 1993 - Ujung Pandang 12.95 1998 - JORR, S section 14.83 1990 - JORR , E2 section 8.80 1995 - Pondok Aren-Bintaro 7.20 2000 Toll road Investor Cars Description - Cawang-Tanjung Priok PT Citra Marga 127,000 Profitable Harbour Road Nusaphala - Tanggerang-Merak PT Marga 40,784 Losing Mandalasakti - Surabaya-Gresik PT Margabumi 44,516 Losing Matraraya - Ujung Pandang PT Bosowa Marga 20,952 Losing Nusantara - JORR, S section Diteruskan 50,000 Losing not yet PT JLJ connected - JORR , E2 section Diteruskan 75,000 Losing not yet PT JLJ connected - Pondok Aren-Bintaro PT Bintaro - Losing Serpong Damai Source: Jasa Marga/Data Consult Table--17 Tariff of several toll roads, 2003 Tariff (Rp/vehicle) Distance Toll roads (Km) Class I Class IIA Close system : Jakarta - Cikampek : - Farest tariff 74.00 6,500 11,000 Tariff Per Km 87.84 146.65 Padaleunyi : - Farest tariff 35.00 4,000 6,500 Tariff Per Km 114.29 185.71 Surabaya - Gempol (Waru - Gempol) : - Farest tariff 26.00 2,500 4,000 Tariff Per Km 96.15 153.85 Belmera : - Farest tariff 36.00 3,000 5,000 Tariff Per Km 83.33 138.89 Tangerang - Merak : - Farest Tarifs 72.45 12,500 16,500 Tariff Per Km 172.53 241.55 Surabaya - Gresik - Farest Tariff 19.40 5,000 7,000 Tariff Per Km 257.73 360.82 Open System : Jakarta - Tangerang : - Tomang-Tangrng Barat 26.80 2,500 3,000 Tariff Per Km 117.10 140.52 - Tangrng-Tangrng Barat 7.80 1,000 1,000 Farest Tariff 175.44 175.44 Palikanci : - Palimanan-Plumbon 6.57 1,000 1,500 Tariff Per Km 152.21 228.31 - Plumbon - Ciperna 8.70 1,500 2,000 Tariff Per Km 172.41 229.89 - Ciperna - Kanci 13,57 2,500 3.000 Tariff Per Km 184.23 221.08 City toll roads in Jakarta : Farest Tariff 55.90 4,000 5,000 Tariff Per Km 314.96 393.70 Surabaya - Gempol (Dupak - Waru) : 17.00 1,500 2,000 Ujung Pandang : Farest Tariff 5.95 1,500 2,000 Tariff Per Km 252.10 336.13 Serpong - Pondok Aren : Farest Tariff 7,20 2.500 4.500 Tariff Per Km 34,722 625,00 Semarang : - A section of Krapyak-Jatingaleh 8,00 1.000 1.000 Tariff Per Km 125,00 125,00 - B section of Srondol-Jatingaleh 6,30 1.000 1.000 Tariff Per Km 158,73 158,73 - C section of Kaligawe-Gy Sari 4,50 1.000 1.500 222,22 333,33 Tariff (Rp/vehicle) Presidential Toll roads Class IIB Decree Year Close system : Jakarta - Cikampek : - Farest tariff 13,000 1992 Tariff Per Km 175.68 Padaleunyi : - Farest tariff 7,500 2003 Tariff Per Km 214.29 Surabaya - Gempol (Waru - Gempol) : - Farest tariff 5,000 2003 Tariff Per Km 192.31 Belmera : - Farest tariff 5,500 2003 Tariff Per Km 152.78 Tangerang - Merak : - Farest Tarifs 22,000 2003 Tariff Per Km 303.66 Surabaya - Gresik - Farest Tariff 10,000 2003 Tariff Per Km 515.46 Open System : Jakarta - Tangerang : - Tomang-Tangrng Barat 4,000 2003 Tariff Per Km 187.35 - Tangrng-Tangrng Barat 1,000 Farest Tariff 175.44 2003 Palikanci : - Palimanan-Plumbon 2,000 2003 Tariff Per Km 304.41 - Plumbon - Ciperna 2,500 Tariff Per Km 287.36 2003 - Ciperna - Kanci 4.500 Tariff Per Km 331.61 2003 City toll roads in Jakarta : Farest Tariff 6,500 2003 Tariff Per Km 511.81 Surabaya - Gempol (Dupak - Waru) : 2,500 2003 Ujung Pandang : Farest Tariff 2,500 2003 Tariff Per Km 420.17 Serpong - Pondok Aren : Farest Tariff 5.500 2003 Tariff Per Km 763,89 Semarang : - A section of Krapyak-Jatingaleh 1.500 2003 Tariff Per Km 187,50 - B section of Srondol-Jatingaleh 1.500 2003 Tariff Per Km 238,10 - C section of Kaligawe-Gy Sari 2.000 2003 444,44 Source: Jasa Marga/Data Consult Table--18 Profit and loss report of PT Jasa Marga, 1998-2002 (Rp million) Description 1998 1999 2000 -Operating income 681,221 744,313 853,216 -Operating cost (446,791) (491,462) (565,579) -Pretax profit , depreciation, And amortization 443,378 431,266 215,832 -Operating profit 234,594 252,850 287,637 -Other income (burden) (28,837) (50,194) (87,274) -Pre tax profit and extraordinary post 205,594 202,656 200,363 -Taxes (39,842) (48,946) (51,182) -Profit before extraordinary post 165,752 153,711 149,181 -Profit before minority right 165,752 153,711 149,181 -Minority right on loss (profit) of subsidiaries - - 400 Description 2001 2002 -Operating income 928,492 1,070,653 -Operating cost (674,164) (826,169) -Pretax profit , depreciation, And amortization 400,610 455,763 -Operating profit 254,328 244,483 -Other income (burden) (45,383) (39,178) -Pre tax profit and extraordinary post 208,945 205,305 -Taxes (51,230) (56,862) -Profit before extraordinary post 157,715 148,443 -Profit before minority right 157,715 148,443 -Minority right on loss (profit) of subsidiaries (28,876) (17,273) Source: Jasa Marga/Data Consult