Suramadu Bridge

Proven Track Records: As A Toll Road Operator & Developer

Start Operation 1978 1983 1984 1986 1987 1988 1990 1991 1998 2001 2003

Jagorawi Semarang SurabayaGempol (4) Belmera Toll Road Concessions Jakarta-Tangerang Prof. Dr. Ir. Sedyatmo (CTC) Jakarta Inner Ring Road (1) (CTC) Padaleunyi JakartaCikampek Palikanci

Cipularang Bogor Ring Road (2) Gempol-Pasuruan (2) Semarang-Solo (2)

Jakarta Outer Ring Road

Ulujami-Pondok Aren

Cengkareng-Kunciran (2) Kunciran-Serpong (2) Surabaya-Mojokerto (2) JORR W2 (2)

Number of Concessions

10

11

12

13

19

Total length of road (km) under Corresponding Concessions (3) Note: (1) (2) (3) (4)

46

81

124

197

222

294

358

398

427

433

496

685

Jakarta Inner Ring Road (JIRR) is comprised of the Cawang-Tomang-Pluit concession granted to Jasa Marga and Cawang-Tanjung Priok-Pluit concession granted to CMNP. Jasa Margas newly acquired toll road concessions. The cumulative length of road represents the current total road length that corresponds to key toll road concessions in this table, not to the year where the concession started. Porong-Gempol Section (5 km) within Surabaya-Gempol Toll roads officially has been closed due to force majeure (mud) since 2006.

Proven Track Records: As A Toll Road Operator

Section Jamuna Toll Bridge*) Pd. Aren-Serpong Suramadu *) Jamuna, Bangladesh Year 2004-2009 1999-present 2009-2011 Concession Owner Bangladesh Government PT Bintaro Serpong Damai Indonesian Government Length 5 km 7.2 km 5.4 km

Tariff Adjustment 2005-2009

Section
1. 2. 3. 4. 5. 6. 7. 8. 9. Jagorawi Jakarta-Cikampek Jakarta-Tangerang Ulujami-Pondok Aren Jakarta Inner Ring Road Prof. Dr. Ir. Sedyatmo Padaleunyi Cipularang Surabaya-Gempol

2005

2006

2007

2008

2009

10. Semarang 11. Belmera 12. Palikanci 13. JORR

It is regulated in Road Law No. 38 of 2004 that tariffs are adjusted every two years based on inflation rate and tariffs are set by the Minister of Public Works.
4

Traffic Volume by Sections

(million vehicles)

Notes on 1H Traffic: Traffic volume increases by 3.9%. Traffic volume of Vehicle Class II V decreases by 1.35% on toll roads connecting industrial areas. Traffic volume of Vehicle Class I increases by 5.37%. 5

Certainty on Land Acquisition

Better policies on land acquisition reduce risks to investors Land acquisition is undertaken by land procurement committee appointed by the Government. Appointment of independent appraiser to determine reasonable price. Land capping policy the maximum cost overrun in land acquisition borne by investors is 10% of land acquisition cost or 2% of investment cost, whichever is higher (Regulation of the Minister of Public Works No. 12/PRT/M/2008). Government provides a revolving fund to acquire land in advance and the fund will be reimbursed by investors once the land for one toll road section is acquired (Decree of the Minister of Finance No. 44/KMK.05/2007).
6

Risks Are under Investors Control

1. Construction Cost Construction cost is lower than estimate since tender is carried out at competitive price. In the case of cost overrun out of investors control, as stated in PPJT, investors may request the Government to review investment cost. 2. Operation & Maintenance Cost Deliver cost efficiency initiatives, among others: ETC system. Performance Based Maintenance Contract - extend the maintenance guarantee period.

New Toll Road Scheme

Financing/Legal Scheme

Project Financing

Subsidiary A Concession Toll Road A

Subsidiary B Concession Toll Road B

Subsidiary C Concession Toll Road C

Financing will carried out using the concept of Project Financing, in which in terms of cash flows, the risk of payment liabilities will be borne by the subsidiaries.