Brief: First Pacific Announces Participation In Jorr Elevated Expressway By PT Jakarta Metro Ekspressway

First Pacific

12/10/2023 01:58

Oct 12 (Reuters) - First Pacific Co Ltd  0142.HK :
    * PARTICIPATION IN JORR ELEVATED EXPRESSWAY BY PT JAKARTA
METRO
EKSPRESSWAY
    * JMEX SIGNED CONCESSION AGREEMENT WITH INDONESIAN
GOVERNMENT TO
UNDERTAKE JORR E PROJECT
    * TOTAL COST FOR JORR E PROJECT ESTIMATED TO BE US$1.36
BILLION
    * UNDER  AGREEMENT, INDONESIAN GOVERNMENT GRANTS EXCLUSIVE
TOLL
ROAD CONCESSION RIGHTS TO JMEX FOR A PERIOD OF 45 YEARS
    * GROUP'S TOTAL CONTRIBUTION TO JMEX AND JORR E PROJECT
WOULD BE
US$261 MILLION

Further company coverage:  0142.HK 

 ((Reuters.Briefs@thomsonreuters.com;))