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

  • Contract awarded for key Vietnamese expressway
    July 17, 2014
    A consortium comprising local contractor Civil Engineering Construction Corporation (Cienco 4) and Japanese company Sumitomo Mitsui will carry out construction work on Vietnam’s new Ben Luc-Long Thanh expressway. This is the first package for the first phase of works on the expressway, with this tranche expected to cost in the region of US$1.6 billion. Vietnam’s Government is providing $337 million of the funding required. Some $635 million is coming in the shape of a loan from the Japan International Co-op
    Read More
  • Philippines’s NEDA to consider two road PPP projects in November
    November 12, 2015
    The National Economic and Development Authority (NEDA) will consider approval of seven Public-Private Partnership (PPP) projects, two of them highways, by the end of this month. The highways are the US$516 million Manila connector road and the $209 million Plaridel toll road. A report by the Manila-based Business World Online newspaper said the deals are worth around US$3.65 billion.
    Read More
  • Poland bidders angry over Astaldi win for Warsaw Ring Road work
    June 18, 2015
    Four groups that made bids for building the southern section of the Warsaw Ring Road have filed complaints about how the national road authority GDDKiA chose Astaldi as the winner. Companies appealing to the National Board of Appeal (KIO) are Impresa Pizzarotti, Porr Polska, Salini Polska and IDS-BUD. The offer made by Italian company Astaldi was at least 25% less than the estimated €391 million cost of the project, according to Polish media reports. World Highways reported in February that Astaldi
    Read More
  • Massey Tunnel project to be Design-Build-Finance-Operate-Maintain
    January 25, 2016
    The provincial British Columbia government in western Canada has chosen a Design-Build-Finance-Operate-Maintain (DBFOM) procurement model for the Vancouver region’s 10-lane bridge replacement for the ageing Massey Tunnel. The US$2.5 billion project includes a bridge and related Highway 99 improvements between Bridgeport Road in the adjacent city of Richmond and Highway 91 in the city of Delta. The 60-year-old tunnel now carries its limit of 80,000 vehicles a day and is often congested during rush hours.
    Read More

Highlighted Content