The project is estimated at Rp12.562 trillion ($1.4 billion) 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of land acquisition has been done and bank loan commitment of Rp9 trillion has been got, but the loan only can be withdrawn after 100 percent of land acquisition has been finished.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.
Naming 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 the interchanges are geographically located in Cikopo, Purwakarta. The distance between the interchanges and the toll gate to the boundary of Cikopo with Cikampek is still away. Finally, during the inauguration in June 2015 the name of this toll road was changed from the Cikampek-Palimanan Toll Road (Cikapali) to Cikopo–Palimanan Toll Road (Cipali).
Opening and accidents 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. Within six months of being inaugurated by President
Jokowi, there have been 88 accidents in this Cikopo-Palimanan toll causing a number of people to be killed and injured. According to Ofyar Z. Tamin, Transport Expert from
Bandung Institute of Technology, argued that there are 3 possible major factors that caused accidents and incidents in this toll road: • Design flaws Although Tamin argued that this factor isn't as significant as it involves Planning Consultant in the design. • Vehicles that are Being used Tamin argued that most vehicles who were involved in the accidents can range from brake failures or overloaded capacity. • Driver's condition Tamin argued that drivers who are feeling tired or drowsy or even those who are chasing schedules, are forcing themselves to drive in unfit conditions. He further explained that one of the efforts that can be done to reduce the high number of accidents on the Cipali Toll Road is to increase the number of signs, markers, and road signs, including warning signs. == Facilities ==