JAKARTA (Yosefardi) – State toll road operator PT Jasa Marga Tbk (JSMR) plans to build mixed-used property project which costs Rp600 billion to Rp1 trillion in the first quarter of 2016.
The project will be located in Ciledug, near Jakarta Outer Ringroad 2 (JORR-2). Property business is set to contribute the biggest (7-8%) to JSMR’s earning from non-toll road segment.
JSMR allocates Rp150 billion for property business this year. It allocates 200-300 billion to fund land clearance in next 5 years.