Indonesian-Malaysian team to bid for Jakarta toll road project

Jakarta (Antara News/Asia Pulse) - State-owned toll road building company PT Jasa Marga said it will team up with PT Astratel and Malaysia's Cahaya Mata Serawak Bhd in a tender for the construction of a toll road in Jakarta.

Jasa Marga is eyeing the projects of Serpong-Kunciran and the Kunciran-Cengkareng sections of the Jakarta Outer Ring Road, expected to cost around Rp4.4 trillion (US$488.8 million).

Jasa Maga president Frans Satyaki Sunito said Jasa Marga wants to maintain a majority share in the consortium with the two partners.

Business in Asia Today - Feb 8, 2007
published by Asia Pulse
_________________________ Indonesian Business and Investment News Aggregator