Indonesian property developer PT Bumi Serpong
Damai, a unit of Singapore-listed Sinarmas Land Ltd, has set up a joint venture
to build toll roads which could boost the prices of its surrounding projects.
The company aims to
work with Kompas Gramedia Group and PT Astratel Nusantara to develop the
36-kilometre Serpong-Balaraja toll road on the outskirts of Jakarta, Bumi
Serpong Director Hermawan Wijaya told reporters on Monday.
