CMNP Targets IDR 4.1 Trillion Revenue At The End Of 2021

Illustration. (Angga Nugaraha/VOI)

JAKARTA - The toll road manager, PT Citra Marga Nusaphala Persada Tbk (CMNP) targets revenues throughout 2021 to reach Rp4.1 trillion. In addition, net profit is also targeted to reach Rp663 billion by the end of the year.

CMNP's Independent Director Hasyim explained that the target was driven by an increase in traffic volume in the use of toll roads. It was recorded that until December 5, 2021, the average daily traffic level (LHR) for the inner city toll road (JIUT) reached 440,188 vehicles, then the Waru Juanda Toll Road with 38,301 vehicles and the Soroja toll road with 32,324 vehicles.

"The volume of vehicles from the Desari toll road has also increased from 35,548 vehicles in 2020 to 58,079 until December 5, 2021," he said in a public expose in Jakarta, Wednesday, December 15.

In addition, the company has also completed several toll projects throughout 2021, namely the Design and Build for the construction of the Ancol Timur-Pluit (Elevated) Toll Road, the Depok - Antasari Toll Road to work on Sections 3 and 4, as well as the construction of the Cileunyi-Sumedang-Dawuan Toll Road project. (Cisumdawu) for Section III.

In addition, the first drilling activity for the Ancol – Timur (Elevated) or Harbor Road II (HBR II) Toll Road project has also been carried out on August 17, 2021. The investment value is Rp. 15.8 trillion which is estimated to be operational in 2024. The length of the toll road is approx. 8.95 kilometers.

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"The construction of this toll road aims to increase the capacity of the existing Harbor Road I toll road, which is currently over capacity, so it often causes traffic jams," he said.

So that the Harbor Road II toll road will soon be operational. However, the company needs to add a new toll road network, especially on the north side of Jabodetabek in order to optimally distribute vehicle movements.

"Currently, the HBR II project is still in the preparation and cleaning phase for the toll road construction," he said.