Indonesia planning more highways projects

The Indonesian Government is looking to source funding for a key highway project from the Asia Infrastructure Investment Bank (AIIB). The funding will be used for the highway connecting North and East Kalimantan. This project is expected to cost US$250 million.
January 29, 2016 Read time: 1 min

The Indonesian Government is looking to source funding for a key highway project from the Asia Infrastructure Investment Bank (AIIB). The funding will be used for the highway connecting North and East Kalimantan. This project is expected to cost US$250 million. Other infrastructure works to benefit from financing through the AIIB include a $292 million railway upgrade, a potable water project and upgrades to telecommunications. These projects have been proposed by Indonesia’s Development Planning Agency and will require a total of $1 billion in loans. The AIIB will start providing its loans from April 2016.

Road Structures Finance & Funding

Related Content

  • Chinese investment
    February 6, 2012
    China's Ministry for Transport reveals that it beat its target for upgrading rural roads during 2009. Some 381,000km of rural roads were improved, beating the target of 300,000km by a considerable margin.
    Read More
  • Funding for Indonesia’s new capital
    February 6, 2025
    Funding is being secured for the construction of Indonesia’s new capital.
    Read More
  • Highway work planned for Serbia
    August 10, 2012
    A series of major highway construction and road repair projects is planned for Serbia. The World Bank (WB), the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD) have all been in talks with the Serbian Government concerning funding for the work. Funding worth €408.46 million has been approved by the three banks for programme of highway construction and road repairs.
    Read More
  • Indonesia expanding toll roads
    March 10, 2016
    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.
    Read More

Highlighted Content