A major new toll link will boost Indonesia’s transport connections
Construction work on the 13.6km Gempol Pandaan toll road in East Java is commencing. The US$174.5 million project will take 18 months to complete and is expected to open for traffic in the third quarter of 2013.
April 10, 2012
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Construction work on the 13.6km Gempol Pandaan toll road in East Java is commencing. The US$174.5 million project will take 18 months to complete and is expected to open for traffic in the third quarter of 2013.
Indonesia is continuing with its toll road expansion programme. The construction firm Jakarta Tollroad Development (JTD) is speeding up the construction of the six toll roads in Jakarta. The projects are expected to cost in the region of US$3.16 billion. These form part of the programme to construct 47 toll new roads, with this work making up Indonesia’s National Strategic Project. JTD is sourcing funding in the form of syndicated bank loan. Bank Mandiri is supplying this loans package.
Strabag’s output volume remained stable in 2013 reaching €13.573 billion - down just 3% compared to the €14.042 billion recorded in 2012.
The construction firm’s first full year figures for 2013 also reveal an order backlog up by only 2% to €13.469 billion from €13.202 billion the previous year.
Strabag says it expects output volume to remain stable in 2014 at €13.6 billion, with EBIT (earnings before interest and taxes) of at least €260 million – similar to the level forecast for 2013.
A project to construct the second Midtown Tunnel link in the US state of Virginia alongside the original connection has taken an important step forward – Mike Woof writes
Commuters in the US state of Virginia will be pleased that the new Midtown Tunnel is now open to traffic, as it will help to boost capacity and cut congestion on the busy US 58 route connecting Norfolk and Portsmouth. The 1.13km tunnel link has been built to link with the interchange at Brambleton Avenue and Hampton Boulevard in Norfolk
