ADHI: Cikunir Toll Road with META

By administrator | July 18, 2019 | Infrastructure Transportation.
ADHI: Cikunir Toll Road with META

ADHI: Cikunir Toll Road with META

ADHI: Cikunir Toll Road with META. Nusantara Infrastructure, Tbk (META) has obtained the permission of the Ministry of Public Works and People’s Housing (PUPR) for the feasibility study of Cikunir-Ulujami toll road as the initiative of toll road exploitation. Moreover, the toll road has a length of 26.86 km with investment value reaching IDR21.2Trn.

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Furthermore, in the practice of the administration, META became the leader of the consortium with Adhi Karya (Persero), Tbk (ADHI), Acset Indonusa, Tbk (ACST), and Triputra Utama Selaras (TUS).

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As well as, General Manager Corporate Affairs META, Deden Rochmawaty confirmed that it has obtained the feasibility study permit from the Ministry of PUPR. It’s just that he hasn’t wanted to reveal the project’s details. In addition to, the toll road management service becomes META’s largest revenue source along 2018. Of the total revenue of IDR781.77Bn, while IDR505.13Bn is derived from toll road management services.

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Last, Finance director ADHI, Entus Asnawy revealed that in a consortium of Cikunir–Ulujami toll road, ADHI owns 10% of the shares. Entus added, the feasibility study is expected to be completed by the end of July 2019 this. Currently, feasibility study are still handle by consultants.

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