Friday, July 25, 2025
No Result
View All Result
Indonesia Sentinel
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science
No Result
View All Result
Indonesia Sentinel
No Result
View All Result
ADVERTISEMENT
Home Economic

Jasa Marga 35% Stake Sale in Trans-Java Toll, Interested?

by Becky
2024-08-28
in Economic
A A
Trans-Java Toll

(Astra Daihatsu)

Share on FacebookShare on TwitterShare on Whatsapp
ADVERTISEMENT

Jakarta, IndonesiaSentinel.com — PT Jasa Marga (Persero) Tbk (JSMR) is aiming to divest a 35% stake in its subsidiary, PT Jasamarga Transjawa Tol (JTT), which operates the Trans-Java Toll Road. The divestiture is expected to be finalized by September 2024.

“The divestment process for JTT is currently ongoing, with a target completion date in September 2024,” stated Jasa Marga’s Director of Finance and Risk Management, Pramitha Wulanjani, during the company’s Public Expose Live 2024 event on Wednesday, August 28, 2024.

Pramitha further explained that the divestment has reached the stage of signing a Conditional Share Purchase Agreement (CSPA) between Jasa Marga and a strategic partner consortium that includes the Government of Singapore Investment Corporation (GIC) and Metro Pacific Tollways Corporation (MPTC).

RelatedPosts

Avoid Online Financial Fraud, Here’s Essential Tips and Solutions!

BRI Cyber Attack Investigates: Confirms No Ransomware Attack Detected

This consortium comprises Warrington Investment Pte. Ltd. (Warrington), PT Metro Pacific Tollways Indonesia Services (MPTIS), and PT Marga Utama Nusantara (MUN).

ADVERTISEMENT

“The CSPA was signed on June 28, 2024, and we are now in the process of fulfilling the preliminary conditions outlined in the CSPA document,” Pramitha stated.

“We are optimistic that this process will be completed within the expected timeline. Throughout this process, we are adhering to principles of good corporate governance at every stage, ensuring that the final share purchase agreement is signed as planned,” she added.

In addition to the divestment, Jasa Marga is continuing to implement strategic initiatives to maintain growth and financial health through the end of 2024.

For context, PT JTT is a subsidiary of Jasa Marga and serves as the operator of several toll road sections on the island of Java.

APBI Highlight Rising Fees for Indonesian Coal Industry

As of now, PT JTT manages 13 toll road sections along the Trans-Java corridor, covering a total distance of 673.21 kilometers. This includes key sections like the 83 km Jakarta-Cikampek Toll Road, the 38 km Mohamed Bin Zayed Toll Road, the 28.74 km Palimanan-Kanci Toll Road, and the 24.75 km Semarang ABC Toll Road.

Other significant sections include the 74.9 km Semarang-Batang Toll Road, the 49 km Surabaya-Gempol Toll Road, the 72.6 km Semarang-Solo Toll Road, the 91.09 km Solo-Ngawi Toll Road, and the 88.57 km Ngawi-Kertosono Toll Road. Additionally, PT JTT operates the 36.72 km Surabaya-Mojokerto Toll Road, the 13.6 km Gempol-Pandaan Toll Road, the 38.49 km Pandaan-Malang Toll Road, and the 34.2 km Gempol-Pasuruan Toll Road.

 

(Ray)

Tags: Jasa MargaStakeTollTrans-Java Toll
ADVERTISEMENT

Related Posts

Indonesia Continue Negotiations with U.S., Secure 0% Import Tariffs on Several Essential Commodities

2025-07-22

Jakarta, Indonesia Sentinel -- The Indonesian government is continuing negotiations with the United States in an effort to secure zero...

Trump Tariffs

Indonesia to Buy 50 Boeing in a Deal to Avoid Trump 32% Tariffs

2025-07-22

Jakarta, Indonesia Sentinel -- Indonesia has agreed to purchase 50 Boeing aircraft from the United States as part of a...

Benchmark Interest Rate

Bank Indonesia Cuts Benchmark Interest Rate to 5,25% in July 2025

2025-07-21

Jakarta, Indonesia Sentinel -- Bank Indonesia has decided to lower its benchmark interest rate, known as the BI Rate, by...

Trump Tariff

Trump Announces 19% Tariff on Indonesian Imports, While U.S. Gains Full Access to Indonesian Resource

2025-07-17

Jakarta, Indonesia Sentinel -- U.S. President Donald Trump announced a new 19% import tariff on goods from Indonesia on Tuesday...

E-Commerce Tax

Indonesia Mandates E-Commerce Platforms to Collect Income Tax from Online Sellers

2025-07-16

Jakarta, Indonesia Sentinel -- Indonesia’s Finance Minister Sri Mulyani Indrawati has officially issued a regulation requiring e-commerce platforms to collect...

coal benchmark price

Indonesia Set July Coal Benchmark (HBA) Price at $107.35 per metric ton, Raises Nearly 9%

2025-07-15

Jakarta, Indonesia Sentinel -- Indonesia’s government has raised its coal benchmark price (Harga Batubara Acuan or HBA) for the first...

Tariff Negotiations

Indonesia to Resume Tariff Negotiations with U.S. Following 32% Reciprocal Tariff

2025-07-11

Jakarta, Indonesia Sentinel -- Indonesia is set to resume trade negotiations with the United States over the next three weeks,...

Copper Imports Tariff

Trump Proposes 50% Tariff on Copper Imports, Sending Prices to Record Highs

2025-07-11

Jakarta, Indonesia Sentinel -- President Donald Trump announced plans Tuesday to impose a 50% tariff on all copper imports into...

2026 Macroeconomic Assumptions

Indonesia Sets 2026 Macroeconomic Assumptions for Draft State Budget

2025-07-08

Jakarta, Indonesia Sentinel -- Indonesia’s government and parliament have agreed on the 2026 Macroeconomic Assumptions, which will serve as the...

Indonesia Foreign Reserves

Indonesia Foreign Reserves Rise to $152.6 Billion in June, Central Bank Reports

2025-07-08

Jakarta, Indonesia Sentinel -- Indonesia foreign exchange reserves rose slightly to $152.6 billion at the end of June 2025, according...

Load More
Next Post
The Story Behind Pope Francis Name, Reflects Commitment in Humanity

The Story Behind Pope Francis Name, Reflects Commitment in Humanity

Popular

  • Mentawai Tribe

    Mentawai Tribe Tooth Sharpening Tradition as a Symbol of Beauty, Culture, and Sacrifice

    0 shares
    Share 0 Tweet 0
  • Suku Mante, Mysterious Tribe Living in the Vast Forests of Aceh

    0 shares
    Share 0 Tweet 0
  • TikTok Shop GMV 2024 Hits $32.6 Billion, Indonesia Second Largest Contributor

    0 shares
    Share 0 Tweet 0
  • Indonesia Boasts an Outstanding Number of Islands, How Many?

    0 shares
    Share 0 Tweet 0
  • Indonesia’s Life Expectancy Rises to 74.15 Years in 2024, Statistics Agency Reports 

    0 shares
    Share 0 Tweet 0

Recommended

MelayuBeach Batam

Traveling to Melayu Beach with Tradition Music

2 years ago
Los Angeles Wildfires

Wildfires in Los Angeles Spark Global Comparisons to Gaza Crisis

6 months ago
ADVERTISEMENT

Indonesiasentinel.com is an independent online news portal committed to providing accurate, in-depth, and up-to-date news about Indonesia. Since 2021, we have been a trusted source for millions of readers seeking relevant and reliable news.

Part of:

Information Page

  • About
  • Editorial
  • Privacy Policy
  • Disclaimer
  • About
  • Editorial
  • Privacy Policy
  • Disclaimer

Contact

  • contact@indonesiasentinel.com
© 2021 Indonesia Sentinel

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
  • World
  • Economic
  • Culture
  • Tech & Science

© 2024 Indonesia Sentinel