Cawang-Cibitung Toll Road
Sector: Road • Location: Indonesia
Source: World Bank Group
PT Bangun Tjipta Sarana was awarded a 25 year contract for the widening and toll operation of the Cawang-Cibitung Toll Road. The company had long been involved in toll roads as a revenue sharing partner with Jasa Marga, but had turned to toll road operation. PT Bangun Tjipta Sarana had invested US$76 million in new construction.
Of the total funding required, some Rp. 144 billion was provided by
- Status
- Prospective
- Sector
- Road, Government
- Location
- Indonesia
- Updated
- 22 Jul 2026
- Source
- World Bank Group
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Project Information
Participants
Sponsoring Agency | |
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Status
Original status | Active |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | PT Bangun Tjipta Sarana was awarded a 25 year contract for the widening and toll operation of the Cawang-Cibitung Toll Road. The company had long been involved in toll roads as a revenue sharing partner with Jasa Marga, but had turned to toll road operation. PT Bangun Tjipta Sarana had invested US$76 million in new construction. Of the total funding required, some Rp. 144 billion was provided by Bapindo. On completion, the road was to be operated under a profit sharing arrangement between PT Bangun Tjipta and state-owned PT Jasa Marga. Under this arrangement, PT BT was to receive 41% of the total net profit and PT JM 59% for a period of 25 years. On April 9, 2002, the concession period was shortened to 22 years. True or Not?? - In May 2002, the Indonesian government revoked a joint decision on the toll road profit sharing scheme which was set at a 75/25 split between the contractor, PT Citra Marga Nusaphala Persada, and the state-owned Jasa Marga. The contract was renegotiated and in April 2003, the new income split ratio was 55/45. |
Original sector | Transport |
Procurement method | |
Budget |
Location
Country | Indonesia |
Source
Source | World Bank Group |
URL |
More Details
Record type | Project |
Sector | Road, Government |
Article published date | 2024-09-27 |
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