JAKARTA (TheInsiderStories) – PT Astra Tol Nusantara (Astra Infra) and Canada Pension Plan Investment Board has completed the acquisition of Cikopo – Palimanan (Cipali) toll road, said the management on Friday (11/29). Both bought the 55 percent of the concession part from PLUS Expressways International Bhd, a unit of Malaysia’ UEM Group Bhd under Khazanah Bhd.
Cipali toll road is the most important toll line of Trans Java. The 116.8 kilometers (km) road become the main logistic line in Java Island which connecting Jakarta and other regions in Java.
Astra Infra currently has toll road in Trans Java line included Tangerang – Merak, Cikopo – Palimanan, Semarang – Solo, Jombang – Mojokerto, Surabaya – Mojokerto and Serpong – Kunciran. Around 339 km of Of 350 km length has been operated and is targeting the other 11.1 km of Serpong – Kunciran toll road will operate by the end of 2019.
Cipali toll road is the most important toll line of Trans Java. The 116.8 km line becomes the main logistic line in Java Island which connects Jabodetabek, Karawang with other regions in Central Java and East Java.
Astra Infra currently has toll road in Trans Java line included Tangerang – Merak, Cikopo – Palimanan, Semarang – Solo, Jombang – Mojokerto, Surabaya – Mojokerto, and Serpong – Kunciran. Around 339 km of 350 km length has been operated and the rest of 11.1 km of Serpong – Kunciran toll road will operate by the end of 2019.
Besides LMS, the current portfolio investment of Astra Infra including PT Marga Mandalasakti (ASTRA Infra Toll Road Tangerang – Merak) with length 72.5 km with a concession period up to 2059. All sections of this toll road have been fully operational since 1996.
PT Marga Harjaya Infrastruktur (ASTRA Infra Toll Road Jombang-Mojokerto) hold 100 percent, which is a concession holder of Jombang – Mojokerto toll road in East Java for a period up to 2055. The 40.5 km toll road section is divided into four sections.
Astra Infra also invested in additional share ownership in PT Trans Marga Jateng (40 percent) joined with PT Jasa Marga Tbk (IDX: JSMR, hold 58.9 percent) and PT Sarana Pembangunan Jawa Tengah (1.1 percent). The unit having a 45 year concession period until 2055 with length 72.6km and is divided into five sections.
The other unit, PT Marga Trans Nusantara holds the concession of Kunciran – Serpong toll road until 2052, owned by Astra Infra (40 percent) and Jasa Marga (60 percent). The 11.2 km toll road segment divided into 2 sections is a part of the Jakarta Outer Ring Road phase 2 network.
Besides toll road, Astra Infra also entered the port sector through PT Pelabuhan Penajam Banua Taka (ASTRA Infra Port Eastkal). Eastkal is a port located in Penajam District, East Kalimantan, which provides port services for public interest to support upstream oil and gas activities in Makassar Strait areas.
While Canada Pension Plan has a diversified, global portfolio of infrastructure assets and makes direct investments through many of its nine offices worldwide. On June 30, 2019, the investment company had C$33.1 billion ($24.89 billion) invested in infrastructure assets globally and had CPP Fund totaled $400.6 billion.
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