Jakarta, July 9, 2008 - The Bakrie Group has taken over the Pasuruan-Probolinggo toll road project after the original contractor failed to carry out the project due to financial difficulties. ANTARA News/Asia Pulse reported (07/09/08).
There is no revocation of concession as Bakrie took over the project by injecting funds to the holder of the contract, PT Transjawa Pasro, Public Works Minister Djoko Kirmanto said. Earlier, the toll road regulatory body BPJT gave PT Transjawa a week to July 7 to meet the financial requirements or face revocation of its contract.
Bakrie has also taken over a number of other toll road projects as implementation by the original contractors failed over financial problems, media reports said.
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