New joint venture to construct new Indonesia highway

A new joint venture team will carry out the construction of a major new highway project in Indonesia. The project will see the construction of the Serpong Balaraja highway in Tangerang Regency. Construction is due to commence in July 2016 with the work expected to cost over US$452.5 million. The partnership will be headed by local firm Bumi Serpong Damai (BSD), with a 50% stake. Its partners will be Transindo Karya Investama and Astratel Nusantara, both with 25% shares in the partnership.
April 5, 2016 Read time: 1 min
A new joint venture team will carry out the construction of a major new highway project in Indonesia. The project will see the construction of the Serpong Balaraja highway in Tangerang Regency. Construction is due to commence in July 2016 with the work expected to cost over US$452.5 million. The partnership will be headed by local firm Bumi Serpong Damai (BSD), with a 50% stake. Its partners will be Transindo Karya Investama and Astratel Nusantara, both with 25% shares in the partnership.
Road Structures Finance & Funding

Related Content

  • Louisiana bridge contract awarded to joint venture
    August 2, 2023
    A key Louisiana bridge contract has been awarded to a joint venture.
    Read More
  • New tolled highway plans for Indonesia
    November 1, 2012
    The authorities in Indonesia have set out extensive plans to source funding for new tolled highways. In all seven highway projects have been identified as crucial to expanding the network and improving connectivity for the Indonesian islands of Sulawesi, Java and Sumatra. Some US$25 billion in loans from overseas has been sourced by the Public Works Ministry of Indonesia.
    Read More
  • Indonesia tolled highway contract awarded
    January 16, 2017
    Construction firm Wijaya Karya (Wika) is heading the consortium that will build the Serang-Panimbang toll highway in Indonesia’s Banten province. The 40 year concession package for the US$825.85 million project was awarded to the state-owned construction firm and its two partners by the Toll Road Regulatory Agency. Wika has a 90% stake in the consortium, with the remainder held by its partners, Jababeka and Pembangunan Perumahan, which each have a 5% share. The construction work will be carried out in three
    Read More
  • Major highway projects for Indonesia
    April 17, 2015
    A series of major highway projects are in planning for Indonesia. A joint venture comprising Waskita Karya and Jasa Marga is now taking over Solo-Kertonoso Toll Road project. This follows a move by Thiess Contractor Indonesia (Thiess), which sold its 95% equity in the Solo-Kertonoso Toll Road project to the joint venture for US$33.65 million. Construction is commencing in May 2015. The 177.7km road, which is to be built as part of the Trans Java Highway, will link the cities of Kertonoso and Solo via Ngawi
    Read More

Highlighted Content