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

  • Indonesia planning more highways projects
    January 29, 2016
    The Indonesian Government is looking to source funding for a key highway project from the Asia Infrastructure Investment Bank (AIIB). The funding will be used for the highway connecting North and East Kalimantan. This project is expected to cost US$250 million.
    Read More
  • UK’s M6 tolled motorway for sale
    June 21, 2016
    For sale: one UK toll motorway along with operating business. Well maintained. Price negotiable. David Arminas looks at what is on offer As if right on cue, a French articulated truck starts to back up along the hard shoulder at an exit area of M6toll. The manoeuvring is watched from an office inside the nearby M6toll headquarters. Inside, Andy Pearson, chief executive of M6toll, glances over his shoulder and interrupts his presentation to World Highways. “He’s probably missed the dedicated wide-load
    Read More
  • Concern at Indonesia’s high road death rate
    August 31, 2012
    Concern is being expressed at the high rate of road accidents in Indonesia. Official figures from the Police Department, there were 3,927 road accidents between 11th August and 21st August 2012. There were 686 reported deaths in these accidents over the time period.
    Read More
  • How Florida paved the way for availability payments in the US
    November 21, 2014
    New financing models have been used to deliver key transport links in the US - * Patrick D Harder and Brandon J Davis Florida Department of Transportation’s (FDOT) public-private partnership (PPP) programme has made impressive progress, setting precedents for US transportation planning and funding. On March 26th 2014, FDOT opened 16km of new reversible express lanes as part of its US$1.8 billion I-595 Corridor Roadway Improvements Project. Just a few months later, on August 3rd 2014, FDOT opened twin tunnel
    Read More

Highlighted Content