Ricky Mohammad Nugraha Petir Garda Bhwana TEMPO.CO, Jakarta - Toll road operator, Jasa Marga Ngawi Kertosono Kediri (JNK), responded to the growing online rumors that compare the Madiun toll road interchange monument to a hammer and sickle which is a notable symbol for communism.  Acting as the Ngawi - Kertosono toll road operator JNK strongly denies the rumors and said that the horizontal curvature of the monument is meant to represent the company’s logo and a means for branding.  The monument also acts as a visual reminder for toll road users as it is located nearby the toll road’s entrance and exit gate the iconic monument resembles three alphabets; J N K,” said Dwi in a press release on Monday He asserts that the vertical pole seen from an angle forms the alphabet “J” while the curvature partially surrounding the vertical pole resembles an “N” from an upwards view The alphabet “K” will be visible if seen from the Madiun interchange that heads to the eastern side.  “It does not resemble a hammer and sickle,” Dwi said.  Human Rights Minister Backs Program Sending Troubled Students to Military Barracks Prabowo Says TNI Often Accused of Dictatorship, Yet Played Key Role in Reform Aceh to Implement Night Curfew on Students Halal Snack Polemic: Tests by MUI Contradict BPJPH, BPOM Findings on Pork Content Deadly Bus Accident Leaves 12 Dead in Indonesia, Police: Brake Failure Bappenas, FAO Host Training Workshop to Enhance Governance in Indonesia's Agrifood Systems Transformation Hasan Nasbi Cancels Resignation as Indonesia's PCO Head: 'I Am Loyal to the President' Vasectomy for Social Assistance? 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Discover the 10 Best Countries for Job Opportunities Abroad is to acquire two toll roads currently owned and operated by PT Waskita Toll Road (WTR) a subsidiary of the state-owned construction company PT Waskita Karya Tbk (Persero) President director Herwidiakto acknowledged the company had been in talks with a Hong Kong-based property firm about the planned divestment of its shares of the Solo-Ngawi toll road and Ngawi-Kertosono toll road The two toll roads crossed Central Java and East Java saying that the would-be buyer was a property firm that wanted to expand into the infrastructure business "We're still talking about the terms of the deal but we expect to announce the deal soon," he told the press in Jakarta on Friday He explained that Waskita Toll Road owns a 40 percent stake in each toll road Herwidiakto also said that the company expected to gain at least Rp 2 trillion (US$142.85 million) from the divestment Waskita Karya finance director Haris Gunawan said the company was planning to divest five toll road concessions in the next two years The company expected to gain from Rp 7 trillion to Rp 8 trillion in total from the sales Quickly share this news with your network—keep everyone informed with just a single click Customize your reading experience by adjusting the text size to small or large—find what’s most comfortable for you.