Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
February 23, 2012
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Indonesia toll projects Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
The authorities in Brazil’s Rio de Janeiro State intend to invest US$1.55 billion in the road network from now until 2014. Work will be carried out to some 750km of roads with funding being provided by a combination of PPPs and sources such as the World Bank (WB) and the Latin American Development Bank (CAF).
The authorities in Morocco are now assessing 13 bids submitted in the tender for a new highway between El Jadida and Safi. The 141km road will cost some US$640 million to build. The project will be divided into four sections, the 20.6km El Jadida-Jorf Lasfar stretch, the 39.2km Jorf Lasfar-Sidi Smail stretch, the 38.85km Sidi Smail-Oualidia stretch and the 43.5km Oualidia-Safi stretch. The road will include six junctions and a toll barrier. The contract will be divided between the winning operators selected
Indonesian state construction firm Waskita Karya said it will be developing the US$2.7 billion Bali toll road project.
But the Ministry of Public Works and Housing has yet to approve the 157km project which is in the pre-feasibility study stage.
Waskita Karya’s finance director Tunggul Rajagukguk also said the company might seek nearly $1.8 billion of financing this year for not just road projects but also power transmission work. Financing could be around half through bond issuance and the other half v
A notable partnership deal looks set to provide funding for key Russian highway projects. A memorandum of cooperation has been signed between the state-owned Russian Highways (Avtodor) and the European Bank for Reconstruction and Development (EBRD). Under this deal the EBRD may provide loans to Avtodor, redeem bonds, or co-operate on concession agreements. This funding stream will allow Avtodor to implement its key PPP projects. Avtodor and the EBRD have been discussing the highway linking Moscow with St Pe
