Indonesia’s Trans Marga Jateng secures key new toll road loan

A US$415.45 million (IDR 4.7 trillion) loan has been agreed for a new 75.67km toll road as part of the Trans Java toll road project in Indonesia. Trans Marga Jateng, the 60:40 joint venture of Indonesian state-owned toll-road operator Jasa Marga and Central Java's state-owned infrastructure firm Sarana Pembangunan Jawa Tengah, has secured the 15-year syndicated loan from a group of lenders headed by state-owned bank Bank Mandiri. The new toll road will run from Solo to Semarang through Salatiga and Boyola
April 8, 2014 Read time: 1 min
A US$415.45 million (IDR 4.7 trillion) loan has been agreed for a new 75.67km toll road as part of the Trans Java toll road project in Indonesia.

1075 Trans Marga Jateng, the 60:40 joint venture of Indonesian state-owned toll-road operator 1083 Jasa Marga and Central Java's state-owned infrastructure firm Sarana Pembangunan Jawa Tengah, has secured the 15-year syndicated loan from a group of lenders headed by state-owned bank Bank 1077 Mandiri.

The new toll road will run from Solo to Semarang through Salatiga and Boyolali, part of the Trans Java toll road project between Merak (Banten) and Banyuwangi (East Java).

Of the total loan, $158.87 million (IDR 1.8 trillion) will come from Bank Mandiri, whereas the remaining $8.82 million (IDR 100 billion), $97.08 million (IDR 1.1tn), and $141.21 million (IDR 1.6 trillion) will be contributed by Regional Development Bank of Central Java (Bank 1080 Jateng), Bank 1081 Rakyat Indonesia (BRI), and 1079 Bank Negara Indonesia (BNI) respectively.
Highway & Network Management

For more information on companies in this article

Related Content

  • Sunward is developing its position in the European market
    January 6, 2017
    Introducing innovative new mini excavators and opening a new European headquarters are key moves by Sunward that will raise the firm’s profile and boost its export operations. Chairman and founder of Sunward is He Qinghua and he outlined the firm’s strategy, explaining how this Chinese company has secured a strong foothold in Europe. “Compared to other Chinese companies, Sunward is not a big firm. But we were the first Chinese company to enter into Europe.” The company builds a wide range of machines at it
    Read More
  • Sunward is developing its position in the European market
    April 22, 2015
    Introducing innovative new mini excavators and opening a new European headquarters are key moves by Sunward that will raise the firm’s profile and boost its export operations. Chairman and founder of Sunward is He Qinghua and he outlined the firm’s strategy, explaining how this Chinese company has secured a strong foothold in Europe. “Compared to other Chinese companies, Sunward is not a big firm. But we were the first Chinese company to enter into Europe.” The company builds a wide range of machines at it
    Read More
  • Cameroon-Nigeria road link planned
    July 9, 2020
    A new Cameroon-Nigeria road link is being planned.
    Read More
  • Singapore road and tunnel contracts awarded
    May 29, 2018
    Contracts to construct new stretches of road and tunnels forming part of the North-South Corridor (NSC) project have been awarded by Singapore's Land Transport Authority (LTA). When complete in 2026, the NSC will improve connections between Singapore’s city centre and its northern areas. The link will be Singapore’s first integrated transport link, combining the new road connection for motor vehicles with dedicated bus lanes and cycling facilities. A contract worth close to US$603 million will be carried
    Read More

Highlighted Content