State toll road operator Jasa Marga (JSMR) targets to raise Rp2.5-3 trillion from assets securitization program. It will issue future revenue based securities, to selling future income for 3-5 years for Jakarta-Bogor-Ciawi (Jagorawi) toll section. JSMR has assigned Bahana Securities, Danareksa Sekuritas, and Mandiri Sekuritas as underwriters for the said program. In 2016, Jagorawi toll section booked revenues of Rp700.1 billion. JSMR allocates capital expenditure (capex) of Rp18 trillion for this year. It has raised Rp11 trillion fund from subsidiaries and will divest two toll road sections.