Jakarta - Indonesia's toll road operator PT Jasa Marga forecast its revenue to grow by 11% to 12% this year to around IDR4.8 trillion ($546 million) from an estimated IDR4.3 trillion in 2010, Chief Executive Frans Sunito said Wednesday.
State-controlled Jasa Marga posted revenue of IDR3.69 trillion in 2009. The biggest toll road operator by assets and revenue will likely publish its audited 2010 financial results later this month.
“We're planning to invest around IDR25 trillion within the next three years in toll roads in Java island. This is also in line with government efforts to improve infrastructure across the country,“ Sunito said after a meeting with State Enterprises Minister.
The company may invest in construction projects or acquire stakes in other toll road operators, Sunito said, adding that it will use internal cash and bank loans to meet its investment needs.
