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.
Despite the recent failure of the Turkish Government’s tender for the project to build a third bridge over the Bosphorus, the deal may yet go ahead. Japanese firms Itochu, Obayashi, IHI and Mitsubishi have revealed that they are still interested in constructing a third bridge over the Bosphorus at Istanbul, as well as constructing the associated tolled highway.
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
