JAKARTA - PT Hutama Karya (Persero) or HK plans to separate the operation and management of two Trans Sumatra Toll Road (JTTS) sections, namely the Bakauheni-Terbanggi Besar (Bakter) Toll Road and the Medan-Binjai (Mebi) Toll Road.
Director of Operations III Hutama Karya Koentjoro said this separation was carried out by establishing two business entities, namely PT Medan Binjai Toll and PT Bakauheni-Terbanggi Besar Toll.
As for the two companies, Hutama Karya owns a company ownership stake of 99.9 percent, while the remaining 0.1 percent is owned by the Employee Welfare Foundation of PT Hutama Karya (Persero).
Koentjoro explained that the toll separation was carried out because the construction and operational factors of several JTTS Phase I toll roads indicated that the company had the potential to experience unsustainable financial conditions.
"After this separation, divestment or release of shares in the subsidiary will be carried out as well as cooperation in operations and maintenance with selected partners," said Koentjoro, quoted on Friday, March 24.
Furthermore, Koentjoro emphasized that the scheme would not reduce the performance and quality of toll roads under management.
"In fact, it will improve the toll road service considering that the formed subsidiary is dedicated to operating and managing this toll road," he said.
Koentjoro said the Bakauheni-Terbanggi Besar Toll Road and the Medan-Binjai Toll Road would be the toll roads that first implemented the scheme.
"Because considering these two toll roads, which are quite mature (matang)," he said.
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