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

  • New tolled highway plans for Indonesia
    November 1, 2012
    The authorities in Indonesia have set out extensive plans to source funding for new tolled highways. In all seven highway projects have been identified as crucial to expanding the network and improving connectivity for the Indonesian islands of Sulawesi, Java and Sumatra. Some US$25 billion in loans from overseas has been sourced by the Public Works Ministry of Indonesia.
    Read More
  • Indonesian toll bridge tender
    March 16, 2012
    The tender process for Indonesia’s Suramadu bridge project will be reopened.
    Read More
  • Indonesia’s new planned toll road
    October 7, 2019
    Plans are being drawn up in Indonesia for development work to the Route 1 road link connecting Demak to Tuban and Gresik on the island of Java. The road tolling company Waskita Toll Road is working on the plans for the 236km route and will carry out a pre-feasibility study. The project is likely to be handled in partnership between Waskita Toll Road and Jasa Marga.
    Read More
  • Golden opportunities in the MINT - Mexico, Indonesia, Nigeria, Turkey
    May 21, 2015
    Mexico, Indonesia, Nigeria, Turkey – Global Report offers up some food for thought about where smart money might be headed within the next several years – David Arminas writes China’s rate of growth may be slowing down, but other South East Asian companies are being quick to offer alternate investment opportunities, notably Indonesia. Nigeria, too, has had issues with security of investment. But there are signs that the government may be getting serious at last about tightening up rules and regulation
    Read More

Highlighted Content