Tag: Jasa Marga

Infrastructure Journal

President Joko ‘Jokowi’ Widodo has inaugurated commercial operation of Lahendong geothermal (2×20 MW) and Ulubelu geothermal (55 MW) yesterday. Construction of these power plants were started in third quarter 2015 with total investment of US$532.07 million. State-owned oil and gas company Pertamina claims completion of these projects are faster by one to six months.

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Outside Java Toll Road Projects So Far

The government missed targets to operate some new toll roads, including those in the trans-Sumatra program, this year due to difficulties in land acquisition and financing in early part of 2016. Entering the third year of Jokowi-Kalla administration, however, the chance is big to see commercial operation of some sections of toll roads developed outside Java.

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Market & Inflation

Foreign investors continued selling local stocks on Monday (Dec 19) as they booked net sell of Rp422.3 billion, cutting year-to-date net buy to Rp14.2 trillion. The composite index of the Indonesia Stock Exchange (IDX) fell 0.76% to close at 5,192 with trading value reaching Rp5.69 trillion, lower than average daily trading value of Rp7.48 trillion. Some investors might have already taken a break ahead of the Christmas holiday season.

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Market Snapshots & Corporate Actions

The composite index of the Indonesia Stock Exchange (IDX) fell 0.16% to close at 5,254 Thursday (Dec 15) in line with global and regional markets with sentiment hit by Fed rate hike. But the index closed off its low (5,210) yesterday as domestic investors dominated the buying in local stocks. Foreign investors, meanwhile, further booked net sell of Rp627 billion, cutting year-to-date net buy to Rp15.9 trillion.

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Infrastructure Journal

Physical construction progress of Jakarta mass rapid transit (MRT) has reached 60.22% by late November 2016. The chance is bigger now to see commercial operation of the modern public transportation in 2018. In this edition: (1) Trans-Sumatra toll road, (2) JORR II toll project.

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Revitalizing Tax Amnesty Program

After nearly one whole month of the so-called ‘political and national consolidation’, President Joko ‘Jokowi’ Widodo returned to his routine. He is scheduled to campaign the tax amnesty program in Makassar, South Sulawesi province Friday (Nov 25) night. Earlier on Thursday, finance minister Sri Mulyani Indrawati invited lawyers and notaries as part of the nationwide campaign to boost tax ratio.

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Infrastructure Journal

Ministry of public works and housing has completed development planning for Probolinggo-Banyuwangi (156 KM) toll road in East Java. The project will soon entering tender process to select investors. In the meantime, construction of Holtekamp bridge in Youtefa Gulf, Jayapura, Papua, has reached 39.34%, and is set for completion in 2018.

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Toll Road Projects Update (2): Trans-Java

Cement consumption in Java grew only 1.3% in the first eight months of 2016, but Central Java and East Java reported strong growth of 11.6% and 6.3% respectively. This might be related to faster development of toll roads in Central and East Java plus other infrastructure projects, including power plants and industrial estates.

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Toll Road Projects Update (1): Trans-Sumatra

Waskita Karya (WSKT), the state EPC firm, has provided Rp3.09 trillion loan facilities to subsidiary PT Waskita Toll Road (WTR) to bridge-finance land acquisition of its toll road projects. Fellow state EPC firm Hutama Karya, which is tasked to develop the trans-Sumatra toll road, meanwhile, boosted allocation of bridge financing for land acquisitions in the island.

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