Major highway projects for Indonesia

A series of major highway projects are in planning for Indonesia. A joint venture comprising Waskita Karya and Jasa Marga is now taking over Solo-Kertonoso Toll Road project. This follows a move by Thiess Contractor Indonesia (Thiess), which sold its 95% equity in the Solo-Kertonoso Toll Road project to the joint venture for US$33.65 million. Construction is commencing in May 2015. The 177.7km road, which is to be built as part of the Trans Java Highway, will link the cities of Kertonoso and Solo via Ngawi
April 17, 2015 Read time: 2 mins
A series of major highway projects are in planning for Indonesia. A joint venture comprising 7966 Waskita Karya and 1083 Jasa Marga is now taking over Solo-Kertonoso Toll Road project. This follows a move by Thiess Contractor Indonesia (2642 Thiess), which sold its 95% equity in the Solo-Kertonoso Toll Road project to the joint venture for US$33.65 million. Construction is commencing in May 2015. The 177.7km road, which is to be built as part of the Trans Java Highway, will link the cities of Kertonoso and Solo via Ngawi upon its completion.

Meanwhile construction of the Cibitung-Cilincing toll road is set to begin in 2016. The project is being handled by PT Akses Pelabuhan Indonesia (API), a unit of PT Pelabuhan Indonesia II (Pelindo II). The 34km toll road will become operational in 2018. The confirmation comes after API purchased 45% of PT MTD CPT Expressway interests in the concession. PT MTD CTP Expressway holds concession permits in the toll road. Construction firm PT Nusacipta Eka Pratama and investment holding firm 3185 MTD Capital hold 5% and 50%, respectively. The toll road is projected to ease the transporation of goods to Tanjung Priok Port in North Jakarta and help grow the efficiency of logistical activities.
Road Structures

For more information on companies in this article

Related Content

  • Waskita Karya seeks loan for Pejagan-Pemalang toll road on Java
    January 12, 2015
    Indonesian state-owned construction firm Waskita Karya will seek a bank loan of US$338 million for its work on the Pejagan-Pemalang toll project in central Java island. The project is being managed by Pejagan Pemalang Toll Road, a subsidiary of Waskita Karya. Waskita company secretary Antonius Yulianto Nugroho said the firm has enough cash resources to cover a quarter of its financial commitment on the project and is targeting bank loans to cover the other 75%. Waskita Karya plans to carry out a bond
    Read More
  • Major Indonesian highway projects moving ahead
    December 13, 2018
    A series of major highway projects are now moving ahead in Indonesia. One of the projects is for part of the Trans-Java Toll Road. Work is now starting to build the route and this new 759km toll road will connect Surabaya and Jakarta. Construction is already underway on building the Bogor-Ciawi-Sukabumi Toll Road or Bocimi linking West Java's Ciawi with Cigombong.
    Read More
  • Indonesia toll roads being built
    September 2, 2015
    Key highway projects are being planned for Indonesia. The Indonesian firm Wijaya Karya (Wika) will work on three toll road projects in the country worth just over US$922 million. The projects are for the Samarinda-Balikpapan, Manado-Bitung and the Soreang-Pasirkoja routes. The firm hopes to fund the projects using a mix of state and private funding. Meanwhile the toll road operator Jasa Marga is working on securing the funding it needs to finance work on the Kertosono-Ngawi-Solo section of the Transjava Hig
    Read More
  • Indonesian toll road projects moving ahead
    February 1, 2016
    Indonesia’s toll road expansion programme is continuing to grow. Bidding is commencing for three toll road projects; the 83.9km Serang-Panimbang route in Banten, the 58.6km Cileunyi-Sumedang-Dawuan (Cisumdawu) route in West Java, the 29.3km Legundi-Bunder route in East Java.
    Read More

Highlighted Content