Unfair Profit Sharing is Still Taking its Toll

The government is dragging its feet on the agreement between Jasa Marga and Citra Marga Nusaphala Persada. Waiting for bigger losses?

April 23, 2002

Under Megawati Sukarnoputri's government, many important decisions are being delayed, including the annulment of the Joint Agreement Letter (JAL) on the sharing of profits generated by the toll roads between Jasa Marga (JM) and Citra Marga Nusaphala Persada (CMNP), which had been scheduled for the end of last March. At the end of 2001, PT Jasa Marga—the state-owned company operating the toll roads—proposed that the unequal profit sh

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