Jasa Marga Continues Asset Recycling Program, Jasa Marga Sells 9% Share of PT Jasamarga Pandaan Malang

1/4/2022 7:22:33 AM

PT Jasa Marga (Persero) Tbk​ ​
No. ​147​​​/2021​
​​​​​​​​Date 30 December 2021​​​​​​​​

Jakarta (30/12) The asset recycling initiative will be continued by Jasa Marga at the end of 2021 as part of the company's corporate goal to balance business growth and long-term sustainability. For one thing, Jasa Marga can get rid of its 9.5% interest in PT JPM, the company in charge of operating the Pandaan-Malang Toll Road.

Officially, the divestment of 9 percent of Jasa Marga's total 60 percent stake in PT JPM was completed on Thursday (30/12) with the signing of the Sales Purchase Agreement (SPA) with PT Astra Tol Nusantara (ASTRA Infra). Kartika Wirjoatmodjo, Deputy Minister of BUMN II, virtually attended this event as well with putting healh protocols in place.

Jasa Marga President Director Subakti Syukur, ASTRA Infra President Director Djap Tet Fa, and ASTRA Infra Director Kris Ade Sudiyono signed the agreement.

Following the signing of the SPA, the current composition of PT JPM's shareholders is 51 percent owned by Jasa Marga and 49 percent owned by ASTRA Infra, which also acquired 35 percent of PT PP (Persero) Tbk's shares and 5 percent of PT Sarana Multi Infrastruktur (Persero) as the previous shareholder of PT JPM.

Subakti Syukur, President Director of Jasa Marga, expressed his gratitude to PTPP and PT SMI for the long-standing partnership in the concession of the Pandaan-Malang Toll Road, which began in 2016 as one of the National Strategic Projects.

Surbbakti Syukur, President Director of Jasa Marga, expressed his gratitude to PTPP and PT SMI for the long- standing partnership[ in the concession of the Pandaan- Malang Toll Road, which began in 2016 as one of the National Strategic Projects.

"I also congratulate ASTRA Infra, which will be later partner with Jasa Marga in the operation of the Pandaan-Malang Toll Road. Astra Infra has previously been Jasa Marga's strategic partner in a number of other toll road concessions. I believe Jasa Marga and ASTRA Infra have a connection. The vision is for creating a professional, efficient, and long-term toll road operation that prioritizes providing the best service to road users "Subakti stated.

On the same occasion, Deputy Minister of BUMN II Kartika Wirjoatmodjo stated that Indonesia is one of the countries that benefits from the presence of infrastructure, and that the collaboration between BUMN and the private sector that is taking place today is an important contribution to the advancement of the Indonesian nation.

"Because of the massive infrastructure development that will be occurring in the future, we believe that cooperation between SOEs and the private sector in various infrastructure fields will be very open in the future. As a result, we are looking forward to the next partnership and collaboration for creating a healthy investment climate as well as for building infrastructure for the Indonesian nation's progress "Kartika Wirjoatmodjo stated.

PT JPM is a Toll Road Business Entity that manages the 38.5-kilometer Pandaan-Malang Toll Road, which has been fully operational since 2020 and has 35-year concession rights (2017-2052).

This toll road is now fully operational, contributing for improving connectivity in the East Java region, particularly access to tourist areas, and encouraging regional economic growth.

Supporting access connectivity, particularly for the Singosari Special Economic Zone and the Abdul Rachman Saleh Airport in Malang City, to increase the economy in the East Java region in the tourism sector, such as the Prigen Tourism Area and Safari Park, Wonosari Tea Garden, Singosari Temple, and Batu Tourism Area, among other things.
For Further Information, Please Contact:
Dwimawan Heru
Corporate Communication & Community Development Group Head
PT Jasa Marga (Persero) Tbk.
Plaza Tol Taman Mini Indonesia Indah, Jakarta
Telp. (021) 841 3526 / ext. 117/118