State consortium to build US$13.1bn Jakarta-Surabaya offshore toll highway

A consortium of up to 19 state-owned enterprises in Indonesia plan to build a major portion of a US$13.1 billion (IDR 150 trillion) tolled highway between Jakarta and Surabaya on the sea. Among the state-owned enterprises that will join the ambitious 775km-long megaproject are construction firms Waskita Karya, Adhi Karya, and Pembangunan Perumahan; lenders Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI) and Bank Mandiri; as well as port operators Pelindo II and Pelindo III. According to State
October 7, 2013 Read time: 1 min
A consortium of up to 19 state-owned enterprises in Indonesia plan to build a major portion of a US$13.1 billion (IDR 150 trillion) tolled highway between Jakarta and Surabaya on the sea.

Among the state-owned enterprises that will join the ambitious 775km-long megaproject are construction firms Waskita Karya, 5205 Adhi Karya, and 5204 Pembangunan Perumahan; lenders 1079 Bank Negara Indonesia (BNI), Bank 1081 Rakyat Indonesia (BRI) and Bank 1077 Mandiri; as well as port operators Pelindo II and Pelindo III.

According to State-Enterprise Minister Dahlan Iskan, feasibility of the project will be studied for three-six months before the project proposal is allowed to proceed to seek the government's approval.

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