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

  • Ukraine road development: funding secured
    November 22, 2019
    Funding has been secured to help pay for major improvements to Ukraine’s road network.
    Read More
  • A new tunnel project for Turkey is a significant move
    December 12, 2012
    The European Bank for Reconstruction and Development (EBRD) is supplying a finance package worth US$150 million for the new Bosphorus crossing project in Turkey. Running under the Bosphorus at Istanbul, the new tunnel will connect both European and Asian sides of the city. The EBRD’s $150 million loan completes $1.4 billion worth of financing required for the Eurasia Tunnel project, being built under the Bosphorus straits. Other components of the $1.4 billion financing package for this PPP project include a
    Read More
  • Indonesia’s toll road plans
    October 20, 2020
    Indonesia’s toll road development plans are being set out.
    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