Jasa Marga Investor Gathering 2009

8/3/2019 Jasa Marga Investor Gathering 2009

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Suramadu Bridge


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Proven Track Records:As A Toll Road Operator & Developer

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1978 1983 1984 1986 1987

SemarangPadaleunyi

Prof. Dr. Ir.

Sedyatmo(CTC)

Cipularang

Jakarta OuterRing Road

Belmera

Jagorawi

Jakarta InnerRing Road (1)

(CTC)

Jakarta-Cikampek

Ulujami-PondokAren

Semarang-Solo (2)

Palikanci

Note: (1) Jakarta Inner Ring Road (JIRR) is comprised of the Cawang-Tomang-Pluit concession granted to Jasa Marga and Cawang-Tanjung Priok-Pluit concession granted to CMNP.(2) Jasa Margas newly acquired toll road concessions.(3) The cumulative length of road represents the current total road length that corresponds to key toll road concessions in this table, not to the year where the concession started.(4) Porong-Gempol Section (5 km) within Surabaya-Gempol Toll roads officially has been closed due to force majeure (mud) since 2006.

Start Operation

Toll RoadConcessions

Number ofConcessions

Total length of road(km) under

CorrespondingConcessions(3)

1988 1990 1991 1998 2001 2003

Jakarta-Tangerang

Surabaya-Gempol (4)

Gempol-Pasuruan (2)

Bogor RingRoad (2)

1 2 4 6 7 8 9 10 11 12 13 19

46 81 124 197 222 294 358 398 427 433 496 685

Cengkareng-Kunciran (2)

Kunciran-Serpong (2)

Surabaya-Mojokerto (2)

JORR W2 (2)


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Proven Track Records:As A Toll Road Operator

*) Jamuna, Bangladesh

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Section Year Concession Owner Length

Jamuna Toll Bridge*) 2004-2009 Bangladesh Government 5 km

Pd. Aren-Serpong 1999-present PT Bintaro SerpongDamai

7.2 km

Suramadu 2009-2011 Indonesian Government 5.4 km


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Tariff Adjustment 2005-2009

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Section 2005 2006 2007 2008 2009

1. Jagorawi

2. Jakarta-Cikampek

3. Jakarta-Tangerang 4. Ulujami-Pondok Aren

5. Jakarta Inner Ring Road

6. Prof. Dr. Ir. Sedyatmo

7. Padaleunyi 8. Cipularang

9. Surabaya-Gempol

10. Semarang

11. Belmera

12. Palikanci

13. JORR

It is regulated in Road Law No. 38 of 2004 that tariffs are adjusted every two yearsbased on inflation rate and tariffs are set by the Minister of Public Works.


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Traffic Volume by Sections(million vehicles)

Notes on 1H Traffic:

Traffic volume increases by 3.9%. Traffic volume of Vehicle Class II V decreases by 1.35% on toll roads connecting industrial areas.

Traffic volume of Vehicle Class I increases by 5.37%.


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Certainty on Land Acquisition

Better policies on land acquisition reduce risks toinvestors

Land acquisition is undertaken by land procurement

committee appointed by the Government. Appointment of independent appraiser to determine

reasonable price.

Land capping policy the maximum cost overrun in landacquisition borne by investors is 10% of land acquisition costor 2% of investment cost, whichever is higher (Regulation of

the Minister of Public Works No. 12/PRT/M/2008). Government provides a revolving fund to acquire land in

advance and the fund will be reimbursed by investors oncethe land for one toll road section is acquired (Decree of theMinister of Finance No. 44/KMK.05/2007).

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Risks Are under Investors Control

1. Construction Cost

Construction cost is lower than estimate since tenderis carried out at competitive price.

In the case of cost overrun out of investors control, asstated in PPJT, investors may request the Governmentto review investment cost.

2. Operation & Maintenance Cost

Deliver cost efficiency initiatives, among others:

ETC system.

Performance Based Maintenance Contract - extendthe maintenance guarantee period.

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New Toll Road Scheme

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Financing will carried out using the concept of ProjectFinancing, in which in terms of cash flows, the risk ofpayment liabilities will be borne by the subsidiaries.

Subsidiary A Subsidiary B Subsidiary C

Concession

Toll Road A

Concession

Toll Road B

Concession

Toll Road C

Financing/Legal Scheme

Project

Financing


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Jasa Marga Investor Gathering 2009

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