“PT Jasamarga Kualanamu Tol (“JMKT”) operates as a toll road developer that has been established since November 25, 2014. JMKT obtained concession rights for Medan – Kualanamu – Tebing Tinggi segment with a concession period of 40 years.
This toll road has an important role in driving economic growth in Sumatra and as an alternative access from Medan to the east, which will connect to the Belawan – Medan – Tanjung Belawa (Belmera) toll road. Some parts of the 17.8 km construction will be borne by the Government.
Currently, JMKT shares are owned by Waskita Toll Road of 30.00% and PT Jasa Marga (Persero) Tbk of 55.00%, while 15.00% of its shares are owned by PT Pembangunan Perumahan (Persero) Tbk.”