Skip to main content

Plan in hand for new Indonesian toll road

Indonesian road firm Jasa Marga will fund work on a major toll road project using a loan from state lenders, Bank Rakyat Indonesia (BRI), Bank Mandiri, Bank Negara Indonesia (BNI) and Bank Sumatera Utara (Bank Sumut). The US$212 million loan will finance work on Jasa Marga's Medan-Kuala Namu-Tebing Tinggi toll road. The route is 61.7km long and will connect Kuala Namu International Airport to other key areas.
July 27, 2015 Read time: 1 min

Indonesian road firm 1083 Jasa Marga will fund work on a major toll road project using a loan from state lenders, Bank 1081 Rakyat Indonesia (BRI), Bank 1077 Mandiri, 1079 Bank Negara Indonesia (BNI) and Bank Sumatera Utara (Bank Sumut). The US$212 million loan will finance work on Jasa Marga's Medan-Kuala Namu-Tebing Tinggi toll road. The route is 61.7km long and will connect Kuala Namu International Airport to other key areas.

For more information on companies in this article

Related Content

  • Indonesian toll road projects moving ahead
    February 1, 2016
    Indonesia’s toll road expansion programme is continuing to grow. Bidding is commencing for three toll road projects; the 83.9km Serang-Panimbang route in Banten, the 58.6km Cileunyi-Sumedang-Dawuan (Cisumdawu) route in West Java, the 29.3km Legundi-Bunder route in East Java.
  • Indonesian toll road tender reopens
    January 31, 2023
    The tender process is reopening for an Indonesian toll road project
  • Indonesian toll road project tender
    June 9, 2021
    A major Indonesian toll road project tender is opening.
  • Financing arranged for new Indonesian toll road
    October 4, 2012
    A US$1.3 billion toll road project in Indonesia is being funded by a syndicate composed of various financial institutions. In all 22 banks or financial institutions are coming together to provide a loan worth $917 million for the new Cikampek-Palimanan toll road. Export-Import Bank of Malaysia (Exim Bank) is one of the banks involved and is providing $95 million in credit facilities to Lintas Marga Sedaya, which is working on the project. The majority stake in Lintas Marga Sedaya, 55%, is owned by PLUS Expr