JAKARTA. PT Jasa Marga (Persero) Tbk (JSMR) has channelled a shareholder loan worth IDR 490 billion to Balikpapan-Samarinda Toll Road operator, PT Jasa Marga Balikpapan Samarinda (JBS).

“The shareholder loan given to PT Jasamarga Balikpapan Samarinda (JBS) will utilise the loan facility of Jasa Marga,” Nixon Sitorus, Corporate Secretary and CAO of Jasa Marga, revealed in the official statement.

This loan facility will then be spent on several needs of JBS. Those needs include covering financial costs of investment credit, bailout fund for land, and operational activities.

According to IDNFinancials, JSMR is the major shareholder of JBS as of June 2021, owning of 67.39% of the shares. PT Wijaya Karya (Persero) Tbk (WIKA) has another 17.96%, followed by PT PP Presisi (PTPP) of 14.08%, and Bangun Tjipta 0.58%.

Until December 31, 2022, JBS recorded total assets before elimination of IDR 9.99 trillion. Meanwhile, JBS’s debts maturing in one year amounted to IDR 50.36 billion, whereas the total outstanding long-term debts clocked up to IDR 6.72 trillion. (KR/ZH)