Metro Pacific Tollways Corporation (MPTC), the leading toll road provider in the Philippines, through its subsidiaries PT Margautama Nusantara (MUN) and PT Metro Pacific Tollways Indonesia Services (MPTIS), and its partner, GIC — a global institutional investor — have finalized its strategic investment cooperation for a 35% stake worth about USD 1 billion in PT Jasamarga Transjawa Tol (JTT) — a subsidiary of the leading Indonesian state-owned toll road company, PT Jasa Marga (Persero) Tbk (Jasa Marga). 

The final closing was attended by the officials of MPTC, MPTIS, and MUN last week. 

(L to R seated) KKJM Cooperative Chairman Bayu Nurbaya, JTT President Director  Rudi Kurniadi, Jasa Marga President Director Subakti Syukur, MUN President Director Danni Hasan, MPTIS President Commissioner Rogelio L. Singson, and MPTIS Director Francis D. Rojas.  

(L to R back) Nusantara President Director Ramdani Basri, Deputy Attorney General for Civil and State Administrative Affairs (JAMDATUN) Head of Legal Opinion Sub-Directorate Mr. Mustagprin, President Commissioner of Jasamarga M. Zainal Fatah, Deputy Head of BPKP: State Auditor Sector Sally Salamah, Deputy for Legal Affairs and Legislation of the Ministry of SOEs Robertus Billitea, and Nusantara Director Benny Santoso.

“This milestone marks our significant expansion in the Indonesian toll road market. Our collaboration with GIC and Jasa Marga underscores our commitment to expanding our portfolio by collaborating with the leading global investment firms and infrastructure providers,” said MPTC CEO and President Rogelio L. Singson. 

The investment will allow Jasa Marga to raise capital, maintain a healthy leverage level, and continue expanding toll road networks across Indonesia — enhancing infrastructure and connectivity for future economic development. By bringing in MPTC, a leading international toll road operator, and GIC, a highly experienced global infrastructure investor — as new and value-adding partners — Jasa Marga can maintain full control over JTT's strategic infrastructure assets and solidify the quality of its service.  

Last year, GIC purchased 33% stake in PT Margautama Nusantara (MUN) for USD 209.9 million. Hence, MPTC’s stake in MUN has decreased to 60.3% — while it continues to hold the majority share. MPTC also partnered with GIC in bidding for JTT.