Indonesian road company seeks road financing

Indonesian toll road operator Jasa Marga is keen to source funding to finance 10 new highway projects. The company is looking for loans in the shape of bond issuances as well as from banking firms. The 10 highway projects will extend for a total distance of 272.45km in all. Jasa Marga hopes to source loans worth a total of US$215.46 million for the work. However in all the projects are expected to cost some $306.37 million to construct.
March 23, 2015 Read time: 1 min
Indonesian toll road operator 1083 Jasa Marga is keen to source funding to finance 10 new highway projects. The company is looking for loans in the shape of bond issuances as well as from banking firms. The 10 highway projects will extend for a total distance of 272.45km in all. Jasa Marga hopes to source loans worth a total of US$215.46 million for the work. However in all the projects are expected to cost some $306.37 million to construct.
Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • 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 deals
    February 28, 2012
    The Indonesian Government is helping fast-track work on several key toll road projects in the country.
    Read More
  • Multi-million dollar investment in Indonesian road toll projects
    July 12, 2012
    Millions of US dollars are being poured into new and expanding toll road projects in Indonesia. Wijaya Karya (Wika), the Indonesian government-owned construction service provider, will build toll roads linking Kedung Badak to Kedung Halang and Pandaan to Gempol in Bogor through two contracts worth US$36.35million (IDR 340.80bn) and US$23.98million (IDR 225bn), respectively. Awarded by highways operator Jasa Marga (JSMR), the contracts require the roads completion in 18 months.
    Read More
  • Indonesia’s Trans Marga Jateng secures key new toll road loan
    April 8, 2014
    A US$415.45 million (IDR 4.7 trillion) loan has been agreed for a new 75.67km toll road as part of the Trans Java toll road project in Indonesia. Trans Marga Jateng, the 60:40 joint venture of Indonesian state-owned toll-road operator Jasa Marga and Central Java's state-owned infrastructure firm Sarana Pembangunan Jawa Tengah, has secured the 15-year syndicated loan from a group of lenders headed by state-owned bank Bank Mandiri. The new toll road will run from Solo to Semarang through Salatiga and Boyola
    Read More

Highlighted Content