2010, Jasa Marga Capex Target Reach Rp3, 1 Trillion

PT Jasa Marga Tbk (JSMR) target capital expenditure (capex) for 2010 reached Rp3, 1 trillion. The funds will be met from internal, IPO issuance of a new class, and bank loans, which occupies the largest portion of which is approximately 50 percent.

"Capex funding comes from the Internal and the IPO for the new class and of the debt by 50 percent," says Company Secretary Okke Merlina Jasa Marga, the public exposure at Investor Summit 2009, at the Ritz Carlton, Jakarta, Wednesday (2/12/2009 ).

The capital expenditure will be used for operations, such as routine work, periodic maintenance and capacity building, and business development as new highways and others.

"We try to utilize existing land for other business property such as office buildings and fiber optics currently in the tendering process," he added.

In addition, the contribution of income from other businesses is estimated that only affects less than five percent. "Another attempt skali this small contribution, a good five percent. Now Jasa Marga was two percent," he said.

As for financial performance, up to third-quarter 2009, revenues reached Rp2, 6 trillion, and until the end of the year estimated earnings Rp3, 6 trillion. While the target next year is still in the process, with a range of 3-4 percent increase. "The increase is of 3-4 per cent of traffic in 2009,"

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