METRO PACIFIC Tollways Corp. (MPTC), through its subsidiary PT Margautama Nusantara (MUN), allocated R80 billion for the construction of a 21-kilometer toll road on the Jakarta Outer Ring Road (JORR), said the company’s chief executive.
“The ring road. We built 21 kilometers. It is a very congested area,” PT Nusantara Chief Operating Officer Joko Santoso told reporters on Monday.
JORR is a 65-kilometer toll road in Jakarta, Indonesia that is divided into sections, said Mr. Santoso, added that the ring road reaches 560,000 traffic daily.
This new project being developed by the MPTC unit in Indonesia will be known as JORR Elevated Toll Road and will go from Jatiasih in East Jakarta to Ulujami in South Jakarta.
“If things go well, we expect to break ground in the second half of next year,” he said.
The infrastructure project is in the first phase, as construction is expected to start next year and will take three to four years to complete, said Mr. Santoso, added that the company is finalizing the repair of this project.
“Well, actually, we submitted the basic design and with that actually, we already have indications of the total contract value and costs and investments,” he said.
The company said it has also carefully developed the detailed engineering design of the project to ensure minimal disruption to traffic as the area is becoming increasingly congested.
“We are working on detailed engineering designs that minimize the impact on existing contractors and ensure road safety,” said Mr. Santoso.
The elevated toll road project is expected to provide relief to the current traffic situation within the JORR, which is part of the Trans-Java toll road.
To recall, MPTC, and its subsidiaries and Singapore’s GIC Pte. Ltd., a global institutional investor, has finalized its investment partnership worth approximately $1 billion to acquire a 35% stake in PT Jasamarga Transjawa Tol (JTT), a toll road operator in Indonesia.
PT Nusantara Infrastructure owns infrastructure concessions in both the western and eastern parts of Indonesia. It operates businesses in transportation, toll roads, communications, and distribution networks.
MPTC is the toll road unit of Metro Pacific Investments Corp., one of the three main Philippine units of Hong Kong-based First Pacific Co. Ltd., others in Philex Mining Corp. and PLDT, Inc.
Hastings Holdings, Inc., a PLDT Beneficial Trust Fund unit of MediaQuest Holdings, Inc., has a majority stake in the PLDT Beneficial Trust Fund. BusinessWorld through the Philippine Star Group, which controls. – Ashley Erika O. Jose
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