News

Toll roads: Policy updates

Upon obtaining IDR3.6tn capital injection, Hutama Karya, a non-listed construction SOE, recently signed a toll-road concession agreement (PPJT) for the 17km Medan-Binjai toll road, one of four Trans Sumatra toll-road sections assigned to Hutama Karya based on Presidential Decree No.100/2014.

To further accelerate the Trans-Sumatra toll-roads projects, the government plans to issue a new decree to form a consortium between Hutama Karya and three other listed SOEs (Jasa Marga, Waskita Karya and Wijaya Karya) to develop the other toll roads sections, utilizing the same scheme that was successful in constructing the Bali Mandara toll road.

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