JAKARTA - PT Jasa Marga (Persero) Tbk (JSMR) may postpone its expansion plans this year, since the company is now focusing on the mitigation efforts of the COVID-19 pandemic.
Corporate Finance Group Head of Jasa Marga, Eka Setya Adrianto said as quoted from Bisnis.com on Tuesday (21/4) that the company is currently reviewing its expansion plans for this year, including the completion of toll road sections.
He stated that the company is assisting the government in handling the COVID-19 pandemic. Moreover, the company's revenue has decreased by 30% since the pandemic emerged.
As is known, this year the company is still completing five new toll road sections with total investment of Rp 20 trillion.
The five toll roads that will be worked on are the Cengkareng-Kunciran, Cinere-Serpong, Manado-Bitung, Probolinggo-Banyuwangi, and Jakarta-Cikampek Selatan sections. (ARM/AR)