Public private partnerships (PPP) are being set up by the Indonesian Government to construct three toll road projects valued at US$783.3 million (IDR 9.40tn). Tender for the projects will be launched in 2014, with construction due to begin the following year. A 39km Manado-Bitung road in North Sulawesi; a 37.6km road in Malang-Pandaan in East Java; and 15.8km Medan-Binjai road in North Sumatra comprise the three toll road projects. The three projects are due for completion by the end of 2017.
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Indonesian state construction firm Waskita Karya said it will be developing the US$2.7 billion Bali toll road project.
But the Ministry of Public Works and Housing has yet to approve the 157km project which is in the pre-feasibility study stage.
Waskita Karya’s finance director Tunggul Rajagukguk also said the company might seek nearly $1.8 billion of financing this year for not just road projects but also power transmission work. Financing could be around half through bond issuance and the other half v
Engine manufacturer DEUTZ claims record results for its latest financial year. The firm says that the 2011 financial year was one of the best in its history even though the global economy deteriorated, particularly in the second half of the year. The firm beat the forecast that it had made at the start of 2011 and revised upwards during the course of the year. Revenue rose by 28.6% to €1.53 billion, compared with €1.12 billion in the previous year. This set a new revenue record for the current corporate str
Two new highways are being built in the Philippines, costing some US$470 million in all. Both roads are for the Cavite-Laguna (CALA) Expressway project. This has been given the go-ahead by the National Economic and Development Authority's (NEDA) Investment Coordination Committee (ICC), but has yet to be endorsed by the NEDA board. One road will be built on the Laguna side and another will be built on the Cavite side. The Manila-Cavite Coastal Road will connect to the South Luzon Expressway (SLEx) via the Ca
