New Indonesia toll road seeks funding

Financing for a 240km toll road project that will connect Padang with Pekanbaru in Indonesia still needs to be finalised. A combination of loans from the Japan International Co-operation Agency (JICA) and PPP funding is expected to pay for the project. In all the project is expected to cost US$2.63 billion, with construction work intended to start in 2018.
September 11, 2017 Read time: 1 min

Financing for a 240km toll road project that will connect Padang with Pekanbaru in Indonesia still needs to be finalised. A combination of loans from the Japan International Co-operation Agency (6706 JICA) and PPP funding is expected to pay for the project. In all the project is expected to cost US$2.63 billion, with construction work intended to start in 2018. The new road link will reduce travel time on the route from Padang to Bukittinggi and through to Pekanbaru from 8-10 hours at present to 3-4 hours in the future.

Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • $600 million Louisiana toll road to go ahead
    June 5, 2025
    A $600 million Louisiana toll road project has been given the go ahead.
    Read More
  • Lithuania loan; funding found for road reconstruction
    September 29, 2016
    Plans to upgrade the Vilnius to Utena highway in Lithuania will now go ahead following the securing of a loan to help pay for the project. The €40 million loan is being sourced from the European Investment Bank (EIB). The loan will be for a period for 12 years, with guarantees being provided by the European Fund for Strategic Investments (EFSI). In all, the work to upgrade the 72.15km A14 route between capital Vilnius and Utena will cost close to €91 million, with the Lithuania Road Administration (LRA) pla
    Read More
  • Indonesia’s toll roads to join up
    October 30, 2018
    Steady progress is being seen in Indonesia with regard to the construction of its major toll roads. A series of key routes are expected to start operations by the end of 2018. Banten’s Merak Port should be linked to the trans-Java toll road by the end of 2018. The target for the end of 2018 is for 941km of toll roads to have been completed, while the target for the end of 2019 is for 1,852km of toll roads to have been completed. The Pemalang to Batang, Ciawi to Sukabumi, Pejagalan to Pemalang and Surakarta
    Read More
  • Vietnam highway project receiving South Korean funding?
    November 3, 2017
    Vietnam’s Belt Road Three project is being planned at present, with some of the financing still being sought. The route will run between Tan Van District and Nhon Trach District, crossing the Dong Nai River. The project is expected to cost US$2.46 billion to construct and will feature four lanes initially, with additional lanes being built in future phases. The 89.3km route has been approved and runs through the provinces of Binh Duong, Dong Nai and Long An, as well as through the outskirts of Ho Chi Minh
    Read More

Highlighted Content