JAKARTA (Yosefardi) – State toll operator PT Jasa Marga Tbk (JSMR) mulls to issue bonds worth Rp3.2 trillion next year, after issuing bonds worth Rp2.1 trillion this year.
It targets to raise Rp5.3 trillin via bond issue. JSMR allocates capex of Rp5.5 trillion for 2014, of which Rp3 trillion will fund the construction of 5 new toll roads sections.
The company has also secured loan commitment of up to Rp4 trillion from syndication of state and private banks.
JSMR targets its toll revenue to grow by 23.23% to Rp7 trillion next year, compared to Rp5.68 trillion estimated for this year.
For this year, the company targets to book toll revenue of Rp5.68 trillion and revenue from construction of Rp4.39 trillion.
JSMR plans to operate 5 toll road sections next year; JORR W2 North (Kebon Jeruk-Ulujami), Bogor Ring Road (Kedunghalang-Kedungbadak), Ungaran-Bawen (Semarang-Solo), Gempol-Pandaan, and Gempol-Rembang.