Improved Infrastructure Outlook: Show Me The Money! (3)
Physical construction progress of Manado-Bitung toll road in North Sulawesi has only reached 13%, but state-owned developer and operator PT Jasa Marga Tbk (JSMR) remains optimistic to start commercial operation of the longest toll road in Sulawesi Island next year. Land acquisition is still a big issue, but as of this month, nearly 70% land needed for the project has been acquired.
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