Jakarta, CNBC Indonesia – Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono provided the latest news regarding the continuation of the Gedebage – Tasikmalaya – Cilacap (Getaci) toll road project after the Indonesian consortium consortium left and President Joko Widodo will soon step down. According to Basuki, currently his party is still reviewing the project, including market sounding and determining the winner.

“Yesterday, I asked Getaci one by one. We are doing market sounding to see if anyone wants to take part in the tender or not. This year, the target is to determine the winner,” said Basuki at Voting Place (TPS) 161 in the Kemang Pratama Housing Complex, Subdistrict. Along Jaya, Rawalumbu, Bekasi, West Java. quoted on Sunday (18/2/2024).

Previously, Member of the PUPR Ministry's Toll Road Regulatory Body, Sony Sulaksono, revealed that the government was conducting a re-tender for the Getaci Toll Road to find new investors. Until now, the new names chosen to work on this project are still in the search stage, but in the near future the names of these investors will be visible.

“Currently the Getaci toll road is still in the prequalification process. The target is to have candidates in the tender stage by March. Our target for determining the winner will be around August and the toll road concession agreement (inversion agreement) around September 2024,” said Sony when talking to CNBC Indonesia .

Even though the names of new investors will appear, there are still a number of stages towards the development process, namely land acquisition. In the initial stage, the government will prioritize the starting point, namely Gedebage.

“Land acquisition is still ongoing and is expected to be completed by the end of 2024. Construction will be carried out first for Gedebage – North Garut 2025-2027 so that in 2028 this segment can be operated,” said Sony.

People also have to wait several more years to use the longest toll road in Indonesia, including the construction of the toll road after North Garut is completed.

“North Garut – Ciamis construction will be carried out in 2030, with land acquisition carried out in 2028,” said Sony.

Currently there are several investors from a number of countries who are interested in entering this longest toll road project in Indonesia. Sony also said that the origins of its investors varied not only from Asian countries but also to America.

“So far, there have been many, from within and outside the country, we have chatted with us at BPJT from Australia, from China, the Middle East, there are several who have experience in Malaysia, Hong Kong, Canada, they are interested in exploring it,” he added.

Sony said the government would play a role in land acquisition, while investors focused on development. In the construction process, investors will play a role in providing funds, while contractors are more involved in the construction.

The GeTaCi Toll Road or Gedebage – Tasikmalaya – Cilacap Toll Road has a total of 206.65 Km across two provinces, namely West Java Province (171.40 Km) and Central Java Province (35.25 Km) and will be the longest toll road in Indonesia. The Gedebage – Tasikmalaya – Cilacap Toll Road is a National Strategic Project as stated in Presidential Regulation Number 109 of 2020 concerning the Acceleration of Implementation of National Strategic Projects.

This toll road is divided into four sections, including:

– Section 1 of the Gedebage-North Garut Junction is 45.20 Km long
– Section 2 North Garut-Tasikmalaya is 50.32 km long
– Section 3 Tasikmalaya-Patimuan is 76.78 km long
– Section 4 Patimuan-Cilacap is 34.35 km long

Previously, a consortium consisting of state-owned and private companies would build this toll road. There are even the names of the companies behind the conglomerate Martua Sitorus to toll tycoon Yusuf Hamka. However, some chose to leave.

PT Jasa Marga (Persero) Tbk is the leader of this toll road construction consortium, with a share of 32.5%, while PT Waskita Karya (Persero) Tbk has a share of 20%, PT Pembangunan Perumahan (Persero) Tbk 10%. The remaining PT Gama Group 13.38%, PT Jasa Sarana 0.75%, PT Wijaya Karya (Persero) 10%.

[Gambas:Video CNBC]

(wur/wur)