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.
List of Semarang Batang toll ratesOne 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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