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Jakarta. Bakrieland Development, the nation’s second-largest property firm by assets, has plans to bid on five toll-road projects in densely populated Java over the next five years to capitalize on the government’s push for improved infrastructure, the company’s president director said on Thursday.

The contracts would double the number of Bakrieland’s toll-road projects.

“We are now developing five toll-road concessions, all of them in Java, with a total length of 200 kilometers,” president director Hiramsyah Thaib said, adding that construction would be handled by its Bakrie Toll Road subsidiary. He declined to give further details.

President Susilo Bambang Yudhoyono has pledged to invest $140 billion through 2014 to build infrastructure, including roads, ports and power plants, to boost economic growth to an average of 6.6 percent annually by the end of his term in office.

As part of the private-public partnership scheme to encourage development, the government has promised to help clear regulatory hurdles, including with land acquisition, that often bring projects to a halt.

Of the toll road concessions up for bid, Bakrieland already has plans for two in West Java, one connecting Sukabumi and Ciranjang, and the other running from Ciranjang to Padalarang.

The developer has set aside Rp 500 billion ($56 million) in initial funding for the two projects, which it expects to win the rights to in the second half of next year, Hiramsyah said in August.

Bakrieland is also hoping to raise Rp 1 trillion to fund more road projects by taking its unit public next year, he said.

“We have strong foreign partners, and we may offer 20 percent to 30 percent of Bakrie Toll Road to them,” he said.

“The initial public offering is expected in the second half of next year, and [Bakrieland will retain] a 51 percent stake. This is the right time to get capital in Indonesia.”

Hiramsyah did not identify the foreign partners.

He said on Thursday that the company may book revenue of Rp 1 trillion in the first nine months of this year, supported by its promising residential business, and he was optimistic of meeting the Rp 1.3 trillion full-year revenue target.

Bakrieland is part of the Bakrie Group, which is controlled by the family of Golkar Party chairman Aburizal Bakrie.

The developer’s assets include Rasuna Epicentrum, a block of offices, apartments and shops in Kuningan, one of Jakarta’s busiest business districts, and Nirwana Residence in Bogor.