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

  • VIDEO: Nexus picks up Toowoomba bypass project in Queensland, Australia
    August 21, 2015
    Nexus Infrastructure group has signed a contract with the Australian government to deliver the Toowoomba Second Range Crossing project in Queensland state, costing nearly US$1.2 billion.

    Nexus will design construct, finance, operate and maintain the 41km route that will bypass the city of Toowoomba, east to west.

    Toowomba and district, with a population of around 158,000, is inland 125km west of Queensland's capital city Brisbane, on Australia’s northeast coast.
    Read More
  • Concern over seat belt use in Europe
    November 1, 2012
    Concern has been expressed over recidivist motorists in Europe who continue to flout seatbelt laws, despite strong evidence that they risk serious injury or death. According to recent police safety data, results from a recent pan-European seatbelt control operation show that nearly 100,000 drivers and passengers were detected not wearing seatbelts. A total of 25 countries took part in the operation, which was co-ordinated by the European Traffic Police Network (TISPOL). Of the final total of 97,489 detectio
    Read More
  • Colombia’s ANI agency is driving forward the 4G PPP programme
    April 4, 2016
    Andrade Moreno is a man on a mission. The head of Colombia's infrastructure agency ANI explains how the organisation is giving foreign companies increasing confidence to invest time and money in the country. David Arminas reports Change, especially when it touches the highest levels of South American business and politics, can bring with it personal danger. Luis Fernando Andrade Moreno, president of Colombia's National Infrastructure Agency - ANI - was aware of this when he took on the role in 2011. B
    Read More
  • Metso develops market share development strategies for China
    November 27, 2012
    Metso announced two initiatives aimed at increasing its share of the fast-growing Chinese crusher market: A joint venture with LiuGong Group, and the acquisition of 75% of Shaorui Heavy Industries. Metso and LiuGong will form a 50%-50% joint venture aimed at developing the track-mounted crushing and screening business in China. The joint venture will combine Metso's know-how in track-mounted crushing and screening business and technology with LiuGong's distribution resources and manufacturing capabilities i
    Read More

Highlighted Content