Financing arranged for new Indonesian toll road

A US$1.3 billion toll road project in Indonesia is being funded by a syndicate composed of various financial institutions. In all 22 banks or financial institutions are coming together to provide a loan worth $917 million for the new Cikampek-Palimanan toll road. Export-Import Bank of Malaysia (Exim Bank) is one of the banks involved and is providing $95 million in credit facilities to Lintas Marga Sedaya, which is working on the project. The majority stake in Lintas Marga Sedaya, 55%, is owned by PLUS Expr
October 4, 2012 Read time: 1 min
A US$1.3 billion toll road project in Indonesia is being funded by a syndicate composed of various financial institutions. In all 22 banks or financial institutions are coming together to provide a loan worth $917 million for the new Cikampek-Palimanan toll road. Export-Import Bank of Malaysia (Exim Bank) is one of the banks involved and is providing $95 million in credit facilities to Lintas Marga Sedaya, which is working on the project. The majority stake in Lintas Marga Sedaya, 55%, is owned by 5300 Plus Expressway.

For more information on companies in this article

Related Content

  • Transport plans for Indonesia
    November 28, 2012
    Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme. Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
    Read More
  • Indonesia's new tolled link
    April 26, 2012
    Work on Indonesia's new 116km Palimanan-Cikampek highway is now commencing. The work is being managed by Malaysian firm PLUS Expressways (PLUS) and is the company's first Indonesian highway projects.
    Read More
  • Construction work will start shortly on major Indonesian tollroad
    July 22, 2013
    In Indonesia the country’s government intends to speed up preparations for the massive Trans Sumatra tollroad project. This 2,700km highway link is costing close to US$30 billion and much of the work will be carried out by the state-owned contractor, Hutama Kaya. Construction will commence in late-September 2013 and the project is scheduled to be fully open by 2025. This highway will connect all 10 provinces in Sumatra Island through Aceh-Lampung. Phase one of the project is for the construction of four sec
    Read More
  • Indonesian toll roads
    August 13, 2012
    ijaya Karya (Wika), the Indonesian governmentowned construction service provider, will build toll roads linking Kedung Badak to Kedung Halang and Pandaan to Gempol in Bogor through two contracts worth US$36.35 million and $24 million, respectively. Awarded by highways operator Jasa Marga (JSMR), the contracts require the roads completion in 18 months. The operator of the Tangerang- Merak Toll Road, Marga Mandala Sakti (Marga Mandala), will be allocating U$17 million to increase the toll road’s capacity. It
    Read More

Highlighted Content