PT Transmarga Jatim Pasuruan, PT Jasa Marga Tbk’s subsidiary, raise IDR1.4 trillion loan commitment from a consortium PT Bank Rakyat Indonesia Tbk, PT Bank Mandiri Tbk, PT Bank Negara Indonesia Tbk, and PT Bank Jatim.
Transmarga Jatim is a joint venture where Jasa Marga manages 52% of the company total share. The remaining shares owned by PT Jatim Marga Utama, and Perusahaan Daerah Jalan Tol Kabupaten Pasuruan who manages Gempol-Pasuruan toll road.
The 34.15 km toll road, which connects Gempol with Grati Pasuruan, is a part of long-term Trans Jawa toll road development plan from Merak to Banyuwangi.
The consortium, led by Bank Rakyat Indonesia, will provide loan funds to Transmarga as much as 70% of the total investment fund that reached IDR2 trillion.
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