Jasa Marga allocates IDR4trn of capex

Jasa Marga (JSMR IJ, Not Rated) is allocating IDR4trn for 2015 capex where 75% will come from internal cash and the rest will be bank loans. The funds will mostly be used for toll roads development while only a small portion will be allocated for its property subsidiary. Management targets FY15 revenue to reach IDR8trn excluding construction. Meanwhile, next year, the company will start to operate Gempol – Rambang toll segment, Gempol – Pandaan segment, and Surabaya – Mojokerto section 4 segment.