The project is estimated at Rp12.562 trillion and is owned by a Joint venture company PT Lintas Marga Sedaya with portion 55 percent is owned by Plus Expressways Berhad and 45 percent is owned by PT Bhaskara Utama for 35 years concession. In July 2012, 95 percent of land acquisition has been done and bank loan commitment of Rp9 trillion has been got, but the loan only can be withdrawn after 100 percent of land acquisition has been finished. Inline with already finished of all land acquisitions, in September 2012, twenty two banks agreed to initial disburse the fund of the project. At end of January 2014, 15 percent physical project has been finished and predicted the toll road will be operated at end of 2014 or early 2015. On 29 October 2014, PT Lintas Marga Sedaya announced that the toll road would be completed by June 2015.
Name Controversy
Purwakarta Regent, Dedi Mulyadi, protested the naming of the Cikampek - Palimanan toll road due to the location of the toll road segment is located in Cikopo, Purwakarta Regency, instead of Cikampek which is located at Karawang Regency. He pointed out past mistakes in naming the Jakarta-Cikampek toll road. The location of interchanges are geographically is located in Cikopo, Bungursari, Purwakarta. There is also the distance between the interchanges and the toll gate to the boundary of Cikopo with Cikampek, still 3 kilometers away. Finally, at the inauguration in June 2015 the name of this toll road changed from the Cikampek-Palimanan Toll Road to the Cikopo-Palimanan Toll Road.
Opening
On 13 June 2015, Cikopo–Palimanan toll road was opened by Indonesian president, Joko Widodo. Since then, Jakarta and Cirebon are now directly connected by toll road.
Accidents after opening
Within 10 days of being inaugurated by President Jokowi, there have been 30 accidents in this Cikopo-Palimanan toll causing a number of people killed and injured. This concerns the public. The accident was caused by various things, the most dominating factor being due to human error as the road is straight and long, causing driver drowsiness. Furthermore, not all of the rest areas along the toll road are in operation, causing drivers to drive continuously with no rest. Another cause of the accident was due to the absence of lighting facilities.
