Jasa Marga Corporate Action, Minister Of SOEs: Develop Toll Road Connectivity On Java Island

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir revealed that the corporate action that will be carried out by PT Jasa Marga (Persero) will consolidate Jasa Marga's strength as a toll operator through its subsidiary Trans Java Toll Road.

" Jasa Marga's corporate action is of course his record that this corporate action is none other than ours to consolidate Jasa Marga's power as a toll road operator," he said in a meeting with Commission VI of the DPR, Parliament Complex, Senayan, Monday, March 20.

With this consolidation, said Erick, Jasa Marga has additional capital to be able to develop toll roads that have not been connected at the Java Pulah.

"We have additional capital, we can develop connectivity of several toll roads that have not been connected in Java," he said.

"In Sumatra, there is already Hutama Karya, but in Java most Jasa Marga. Now, this corporate action is nothing but the addition of toll roads in Java," he continued.

Based on data presented by Erick, this corporate action has been carried out by a non-ideal roadshow to potential investors.

Currently, Jasa Marga's corporate action against its subsidiary is against its subsidiary. Trans Java Toll Road is in preparation for due diligence.

In addition, Erick also hopes that the closing transaction target of this corporate action can be carried out in the fourth quarter of this year.