JAKARTA (Yosefardi) – Toll road operator PT Citra Marga Nusaphala Persada Tbk (CMNP) allocates capital expenditure (capex) of Rp4.98 trillion for 2015, compared to this year’s capex of Rp205.3 billion.
The capex will fund toll projects, such as Depok-Antasari section (phase one), Jakarta Urban Tollroad (JIUT), and feasibility study for Bojonggede-Ulujami toll road section.
CMNP plans to issue bonds worth Rp3 trillion in first half of 2015. It targets to book revenue of Rp1.47 trillion next year, compared to Rp1.2 trillion estimated for this year.
The company also mulls to restructure debts of its unit PT Citra Marga Surabaya (CMS) worth Rp770 billion to Bank Central Asia and Bank Mega.
While state construction firm PT Wijaya Karya Tbk (WIKA) allocates capex of Rp1.7 trillion for next year, of which Rp600 billion is allocated to its unit PT Wika Beton.
For this year, WIKA sets capex of Rp1.3 trillion, cut from initial plan of Rp1.99 trillion. It targets to book contracts of Rp49.97 trillion (order book), a 28.56% growth compared to last year’s Rp38.87 trillion.
Meanwhile, PT Polychem Indonesia Tbk (ADMG) allocates capex of US$35 million for next year, funded by internal cash, to fund its coal fired power plant which costs US$25 million and the expansion of its chemical and polyester plant.