JAKARTA. PT Jasa Marga (Persero) Tbk (JSMR) has provided a shareholder loan facility for PT Jasamarga Ngawi Kertosono Kediri (JNK), through PT Jasamarga Transjawa Tol (JTT). 

The signing of the shareholder loan agreement was signed by JNK and JTT on June 20 2023.

JSMR's management conveyed that the shareholder loan was given to JNK for payment of debt repayments to the bank, so that JNK would not be fined. The Public Appraisal Service Office (KJPP) appointed by JSMR assesses the provision of the loan facility as a fair transaction. 

"The transaction was carried out in order to pay off the existing investment credit so as not to be subject to a repayment penalty of 5%," explained JSMR Management, in an information disclosure on the Indonesia Stock Exchange (IDX). 

According to idnfinancials.com data, the Ngawi-Kertosono-Kediri toll road being worked on by JNK is an extension project of the Ngawi-Kertosono toll road. Currently JTT owns 45% of JNK shares, Kings Key Limited 40%, and PT Lintas Marga Jawa 15%. (KR/LM)