JAKARTA. PT Jasa Marga (Persero) Tbk (JSMR) has channeled a shareholder loan facility to PT Jasamarga Akses Patimban (JAP), a toll road business entity (BUJT) managing the Patimban access toll road.

"The maximum value of this transaction is IDR1.05 trillion," wrote JSMR Management, in its official statement.

On the same occasion, JSMR Management said the shareholder loan was given to pay off the maturing JAP financing agreement.

For the record, JSMR is the controlling shareholder of JAP with a 57.17% stake. As many as 22.86% of JAP shares are owned by PT Nusa Raya Cipta Tbk (NRC), PT Adhi Karya (Persero) Tbk (ADHI) and PT Pembangunan Perumahan (Persero) Tbk (PTPP) have 6.24% shares each, PT Wijaya Karya (Persero) Tbk (WIKA) 2.29%, and PT Subang Sejahtera 5.20%.

JAP itself is the Patimban Access Toll Road Management Business Entity (BUJT), which connects Patimban Port with the Trans Java toll road. The toll road, with a total section of 37.05 kilometers, has a project value of IDR 5.2 trillion. (KR/LM)