Indonesia tolled highway contract awarded

Construction firm Wijaya Karya (Wika) is heading the consortium that will build the Serang-Panimbang toll highway in Indonesia’s Banten province. The 40 year concession package for the US$825.85 million project was awarded to the state-owned construction firm and its two partners by the Toll Road Regulatory Agency. Wika has a 90% stake in the consortium, with the remainder held by its partners, Jababeka and Pembangunan Perumahan, which each have a 5% share. The construction work will be carried out in three
January 16, 2017 Read time: 1 min
Construction firm 5207 Wijaya Karya (Wika) is heading the consortium that will build the Serang-Panimbang toll highway in Indonesia’s Banten province. The 40 year concession package for the US$825.85 million project was awarded to the state-owned construction firm and its two partners by the Toll Road Regulatory Agency. Wika has a 90% stake in the consortium, with the remainder held by its partners, Jababeka and Pembangunan Perumahan, which each have a 5% share. The construction work will be carried out in three phases, with the first section running from Serang to Rangkasbitung. The second stretch will be between Rangkasbitung and Bojong while the third will be from Bojong to Panimbang.
Road Structures

For more information on companies in this article

Related Content

  • Paraguay road contract financing model changed
    October 15, 2019
    A different financing model will now pay for work to upgrade Paraguay’s Route 2 road link.
    Read More
  • Indonesia seeks investment for West Java toll roads
    April 26, 2016
    Indonesia is going ahead with three toll road concessions in West Java, according to the head of the Toll Road Regulatory Agency, Herry Trisaputra Zuna. The three toll roads - Cileunyi-Banjar; Ciranjang-Padalarang; and Sukabumi-Ciranjang - will need total investment of up US$1.54 billion, he said. However, tenders will not be held this year, as preparation work for the projects, including feasibility study and land documentation, are only now being reviewed.
    Read More
  • Fierce competition for Toronto 407 ETR highway expansion contract
    April 24, 2014
    ACS of Spain and Ferrovial are competing for the contract to construct and exploit the second phase of expanding the 407 ETR highway in Toronto, Canada – one of the world’s biggest toll highways. Ferrovial has been managing the 407 ETR highway since 1999 and secured the first phase of its expansion. Currently, ACS and Ferrovial lead two of the three groups invited to present bids for the second phase of the expansion. The third group is headed by Canada's SNC Lavalin, which is Ferrovial's current partner i
    Read More
  • Key Argentina highway works planned
    March 2, 2017
    Argentina is planning two new highway projects to widen and improve key sections of Route 40 and Route 33. A US$291 million project will upgrade a stretch of the existing Route 40 to highway status. The two year project will see the widening of the road between Mendoza and San Juan and the construction work will start in the third quarter of 2017. Argentina’s Transport Ministry has said that the project will be funded by the Federal Government. A second stretch of Route 40 will also be widened and upgraded
    Read More

Highlighted Content