JAKARTA. PT Jasa Marga Tbk (JSMR) has channelled a loan facility with a total value of IDR 1.23 trillion to two of its subsidiaries, PT Jasamarga Manado Bitung (JMB) and PT Jasamarga Bali Tol (JBT).

According to the official disclosure received by IDNFinancials, the limit for the credit granted to JMB is set to IDR 309 billion, while JBT’s credit ceiling clocks up to IDR 949.05 billion.

“The transaction does not involve any conflict of interest as mentioned in the Financial Services Authority Regulations (POJK) No.42/2020,” Yuswanda A. Temenggung, President Commissioner of JSMR, mentioned in the official statement.

Based on IDNFinancials record, JMB is an entity that handles Manado-Bitung Toll Road. This toll road, spanning 39.9 kilometres, is intended to support tourism and economy sector in Manado, North Minahasa, and Bitung, as it is the only access to the Bitung Exclusive Economic Zone and Bitung International Port.

On the other hand, JBT is a consortium initiated by JSMR, PT Pelindo III (Persero), PT Angkasa Pura I, and PT Pengembangan Pariwisata Bali (Persero). This company is formed to manage severe traffic in South Bali by establishing a toll road. (KR/ZH)