Toll Road Management Agency (BPJT)

Toll Road Management Agency (BPJT) to remind investors Antasari toll-Depok, PT.Citra Waspphutowa that 62.5 percent sahamnya owned PT.Citra Marga Nushapala Persada Tbk (CMNP) to immediately implement the development in the field.
Head BPJT, Nurdin Manurung, the government has to give in good faith to provide investors with the initial rate of change Rp515/km become Rp618/km at the end of 2008, but implementation in the field, especially the exemption of land has not been satisfactory.

Nurdin explained, the planned toll road has a 22 km long land new exemption been 0.04 percent since 2006, so that investors who are serious menggarapnya to finish the job.

Nurdin said, investors toll-Depok Antasari already submitted a proposal that its contents have five grains which assisted with the procurement of Public Service Agency (BLU), ask for a capping of land, there is the adjustment rate, the increase and also the construction of the concession.

BPJT also ask, investor demand for the land price adjustments, tariff increase and the initial construction. But investors have not made during this event for the land itself and the redemption comes out that the land price of Rp700 billion could swell up to 3 times.

Price adjustments, if I can give clear who is making it into a price increase, the error and who does not suddenly give sekonyong as the process of the toll this new project. While segment inikan existing contract, he said.

At this time, clearly Nurdin, BPJT are evaluating the exemption of land, investor readiness, level of feasibility, construction cost and also its progress. And from the evaluation of the bank and see the results of the audit BPKP whether this segment is still eligible for what is not forwarded. If the results of the evaluation FIRR under 16 segment of toll is not feasible anymore.

When the results of this joint evaluation is not financially feasible then the investor does not have to build and of course the government will participate in the intervention, whether or akan ditender re done with the government's own priorities.

Tol Jakarta-Antasari along 22.8 km akan swallow this investment Rp2, 25 trillion for the cost of Rp 699 billion in land and construction cost of Rp 905. With the concession period for 35 years.

The owners of these shares Waspphutowa Citra CMNP 62.5 percent, PT Karya Waskita 12.5 percent, PT Hutama Works 2.5 percent and PT Pembangunan Perumahan of 12.5 percent. This project should be operating as scheduled in July 2009 this.