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.

Road Structures Finance & Funding

For more information on companies in this article

Related Content

  • Indonesia’s Trans-Sumatra highway inches ahead
    March 11, 2015
    Indonesia will form a consortium of state enterprises to build all the 2,700km of the Trans-Sumatra toll highway, from Lampung to Aceh on the island of Sumatra. The finance department is also setting up special infrastructure banks to provide flexible loans for the state departments to fund the project, Indonesian media reported. Indonesia recently changed the law that had the state infrastructure company PT Hutama Karya as the only organisation allowed to build major projects. Other state enterprises can n
    Read More
  • New tolled highway for Indonesia
    April 19, 2012
    In Indonesia Jasa Marga is planning to build a 27km toll road project, which links Padang, West Sumatra's provincial capital with Sicincin district in 2012. Negotiations are underway between a number of contractors and the toll-road operator for the Padang toll road work. Cost savings on the cement supply operation should help reduce overall costs of the project. An investment of US$142 million is required for the toll road project.
    Read More
  • Construction work will start shortly on major Indonesian tollroad
    July 22, 2013
    In Indonesia the country’s government intends to speed up preparations for the massive Trans Sumatra tollroad project. This 2,700km highway link is costing close to US$30 billion and much of the work will be carried out by the state-owned contractor, Hutama Kaya. Construction will commence in late-September 2013 and the project is scheduled to be fully open by 2025. This highway will connect all 10 provinces in Sumatra Island through Aceh-Lampung. Phase one of the project is for the construction of four sec
    Read More
  • Indonesia’s new planned toll road
    October 7, 2019
    Plans are being drawn up in Indonesia for development work to the Route 1 road link connecting Demak to Tuban and Gresik on the island of Java. The road tolling company Waskita Toll Road is working on the plans for the 236km route and will carry out a pre-feasibility study. The project is likely to be handled in partnership between Waskita Toll Road and Jasa Marga.
    Read More

Highlighted Content