PT Jasa Marga President Director Adityawarman told a press conference on Thursday that his company`s income in 2012 was expected to reach Rp5.6 trillion, up 14.5 percent from Rp4.9 trillion in the previous year.
"We have set our income target for 2013 at Rp6.5 trillion," Adiyawarman said, while speaking about his company`s performance in 2012 and making predictions for this year.
He said toll road services contributed Rp5.5 trillion to the company's annual revenues, while business sectors contributed Rp0.11 trillion.
"The volume of traffic flow on our toll roads reached 1.2 billion vehicles, up 8.9 percent from 1.09 billion in 2011," Adityawarman stated.
Regarding the capital expenditure target of Rp7 billion for this year, Adityawarman said most of the funds would be used to build new toll roads.
"About Rp4.7 trillion would be used for that purpose. About 70 percent of the budget would be obtained from a banking syndicate, while the remaining 30 percent would come from equity," he explained.
Adityawarman noted that most of the capital expenditure last year was also on toll road construction. "Of the Rp4 trillion, some Rp2.8 trillion was spent on the construction of new toll roads."
"We are currently working on nine toll road projects in Indonesia, five of which are expected to be completed this year," he said.
The five toll roads expected to be ready by the end of this year include the 10km-long Bali toll road, which will link Nusa Dua with Ngurah Rai. It is expected to be completed ahead of the Asia Pacific Economic Cooperation Conference in October.
"About 75 percent of the construction work is complete," Adityawarman noted.
"The second one is the Jakarta Outer Ring Road (JORR) W2 north, Section I, linking Kebon Jeruk with Cileduk. It is approximately 60.5 percent complete," he stated.
"Once this toll road is ready, it will reduce traffic jams in Jakarta," Adityawarman said.
The third and fourth toll roads will be constructed in Central Java. One of them will link Semarang with Solo. Stretching for 12 km, it is about 62.5 percent complete. The other one, 13.6 km long, will link Gempol with Pandaan.
The fifth toll road will link Krian with Mojokerto in Surabaya, East Java.
"If the land clearance for this road could be completed in March, its construction would be finished by the end of the year," Adityawarman said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2013
