Semarang-Batang Toll Tariff, One Of The Toll Roads To Be Released By JSMR

JAKARTA - Semarang-Batang Toll Road is one of several toll roads that have the opportunity to be sold by PT Jasa Marga (Persero) Tbk. to the Indonesia Investment Authority (INA). For more in-depth information, Semarang Batang toll road rates will be submitted based on the Decree of the Minister of PUPR Number 54 / KPTS / M / 2019.

Based on the target of the toll road operator issuer PT Jasa Marga (Persero) Tbk., It is possible for two to three toll roads to be released by Jasa Marga to INA for recycling assets.

According to Donny Arsal, Jasa Marga's Finance Director, the company has a target to release 2-3 toll road concession companies under the Jasa Marga Group to Indonesia's sovereign wealth fund (SWF).

"Our target for this year is actually 2 - 3 companies, with an indication of proceeds of Rp. 1.5 trillion - Rp. 3 trillion," said Donny, Monday, March 8.

He explained that Jasa Marga has submitted all considerations to INA according to the risk profile of investors related to toll roads that will be released later.

The issuer coded as JSMR shares has 21 subsidiaries that hold toll road concessions. All of these subsidiaries are claimed to be ready for asset recycle.

Of the total, Donny explained that as many as 18 toll roads have been operated, either in full or in part. So, these assets have passed two main risks, namely construction risk and land acquisition risk.

The risks for the 18 toll road assets mean that tariff risk and traffic risk remain. The tariff risk, continued Donny, is measurable because the government adjusts toll rates within two years. Regarding traffic risk, this provides potential for recovery in line with Indonesia's status as a developing country despite being affected by the COVID-19 pandemic.

"The underlying asset itself is actually ready. But we also choose for this initial stage assets that can be carried out by asset recycling. The assets that we have prepared could be replaced with other assets in accordance with INA's risk appetite, ”explained Donny.

It is known, as many as 9 toll roads have the opportunity to be released by JSMR to INA, namely the Semarang-Batang, Medan-Kualanamu-Tebing Tinggi, Pandaan-Malang, Jakarta Cikampek II Elevated toll roads, Gempol-Pandaan, Gempol-Pasuruan, Manado-Bitung, Balikpapan — Samarinda, and Bali Mandara.

He revealed that this year Jasa Marga is offering more than 3 toll roads to INA. Furthermore, INA will review and determine attractive assets to be absorbed.

One of the toll roads that Jasa Marga will release is the Semarang Batang Toll Road. The following is a list of toll road rates based on the Decree of the Minister of PUPR Number 54 / KPTS / M / 2019.

Origin of Travel

Purpose of Travel

Vehicle Class

Group I

Group II

Group III

Group IV

Group V

Group VI

Trunk /

Market

Kandeman

3000

5000

5000

6500

6500

-

Weleri

39500

59000

59000

78500

78500

-

Kendal

50 500

75 500

75 500

100 500

100 500

-

Kaliwungu

64000

95 500

127500

127500

127500

-

Semarang / Kalikangkung

75000

112500

112500

150000

150000

-

Kandeman

Trunk / Market

3000

5000

5000

6500

6500

-

Weleri

36000

54000

54000

72000

94000

-

Kendal

47000

70 500

70 500

94000

94000

-

Kaliwungu

60 500

91000

91000

121000

121000

-

Semarang / Kalikangkung

71500

107500

107500

143500

143500

-

Weleri

Trunk / Market

39500

59000

59000

78500

78500

-

Kandeman

36000

54000

54000

72000

72000

-

Kendal

11000

16500

16500

22000

22000

-

Kaliwungu

24500

37000

37000

49000

49000

-

Semarang / Kalikangkung

35500

53500

53500

71000

71000

-

Kendal

Trunk / Market

50 500

75 500

75 500

100 500

100 500

-

Kandeman

47000

70 500

70 500

94000

94000

-

Weleri

11000

16500

16500

22000

22000

-

Kaliwungu

13500

20500

20500

27000

27000

-

Semarang / Kalikangkung

24500

37000

37000

49000

49000

-

Kaliwungu

Trunk / Market

64000

95500

95 500

127500

127500

-

Kandeman

60 500

91000

91000

121000

121000

-

Weleri

24500

37000

37000

49000

49000

-

Kendal

13500

20500

20500

27000

27000

-

Semarang / Kalikangkung

11000

16500

16500

22000

22000

-

Semarang / Kali Kangkung

Trunk / Market

75000

112500

112500

150000

150000

-

Kandeman

71500

107500

107500

143500

143500

-

Weleri

35500

53500

53500

71000

71000

-

Kendal

24500

37000

37000

49000

49000

-

Kaliwungu

11000

16500

16500

22000

22000

-

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