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8/3/2019 Jasa Marga Investor Gathering 2009
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Suramadu Bridge
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Proven Track Records:As A Toll Road Operator & Developer
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1978 1983 1984 1986 1987
SemarangPadaleunyi
Prof. Dr. Ir.
Sedyatmo(CTC)
Cipularang
Jakarta OuterRing Road
Belmera
Jagorawi
Jakarta InnerRing Road (1)
(CTC)
Jakarta-Cikampek
Ulujami-PondokAren
Semarang-Solo (2)
Palikanci
Note: (1) Jakarta Inner Ring Road (JIRR) is comprised of the Cawang-Tomang-Pluit concession granted to Jasa Marga and Cawang-Tanjung Priok-Pluit concession granted to CMNP.(2) Jasa Margas newly acquired toll road concessions.(3) The cumulative length of road represents the current total road length that corresponds to key toll road concessions in this table, not to the year where the concession started.(4) Porong-Gempol Section (5 km) within Surabaya-Gempol Toll roads officially has been closed due to force majeure (mud) since 2006.
Start Operation
Toll RoadConcessions
Number ofConcessions
Total length of road(km) under
CorrespondingConcessions(3)
1988 1990 1991 1998 2001 2003
Jakarta-Tangerang
Surabaya-Gempol (4)
Gempol-Pasuruan (2)
Bogor RingRoad (2)
1 2 4 6 7 8 9 10 11 12 13 19
46 81 124 197 222 294 358 398 427 433 496 685
Cengkareng-Kunciran (2)
Kunciran-Serpong (2)
Surabaya-Mojokerto (2)
JORR W2 (2)
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Proven Track Records:As A Toll Road Operator
*) Jamuna, Bangladesh
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Section Year Concession Owner Length
Jamuna Toll Bridge*) 2004-2009 Bangladesh Government 5 km
Pd. Aren-Serpong 1999-present PT Bintaro SerpongDamai
7.2 km
Suramadu 2009-2011 Indonesian Government 5.4 km
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Tariff Adjustment 2005-2009
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Section 2005 2006 2007 2008 2009
1. Jagorawi
2. Jakarta-Cikampek
3. Jakarta-Tangerang 4. Ulujami-Pondok Aren
5. Jakarta Inner Ring Road
6. Prof. Dr. Ir. Sedyatmo
7. Padaleunyi 8. Cipularang
9. Surabaya-Gempol
10. Semarang
11. Belmera
12. Palikanci
13. JORR
It is regulated in Road Law No. 38 of 2004 that tariffs are adjusted every two yearsbased on inflation rate and tariffs are set by the Minister of Public Works.
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5
Traffic Volume by Sections(million vehicles)
Notes on 1H Traffic:
Traffic volume increases by 3.9%. Traffic volume of Vehicle Class II V decreases by 1.35% on toll roads connecting industrial areas.
Traffic volume of Vehicle Class I increases by 5.37%.
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Certainty on Land Acquisition
Better policies on land acquisition reduce risks toinvestors
Land acquisition is undertaken by land procurement
committee appointed by the Government. Appointment of independent appraiser to determine
reasonable price.
Land capping policy the maximum cost overrun in landacquisition borne by investors is 10% of land acquisition costor 2% of investment cost, whichever is higher (Regulation of
the Minister of Public Works No. 12/PRT/M/2008). Government provides a revolving fund to acquire land in
advance and the fund will be reimbursed by investors oncethe land for one toll road section is acquired (Decree of theMinister of Finance No. 44/KMK.05/2007).
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Risks Are under Investors Control
1. Construction Cost
Construction cost is lower than estimate since tenderis carried out at competitive price.
In the case of cost overrun out of investors control, asstated in PPJT, investors may request the Governmentto review investment cost.
2. Operation & Maintenance Cost
Deliver cost efficiency initiatives, among others:
ETC system.
Performance Based Maintenance Contract - extendthe maintenance guarantee period.
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New Toll Road Scheme
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Financing will carried out using the concept of ProjectFinancing, in which in terms of cash flows, the risk ofpayment liabilities will be borne by the subsidiaries.
Subsidiary A Subsidiary B Subsidiary C
Concession
Toll Road A
Concession
Toll Road B
Concession
Toll Road C
Financing/Legal Scheme
Project
Financing
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