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

  • Trans-Asia highway connection
    December 11, 2017
    Recent discussions held in Indonesia’s North Kalimantan province with local officials and counterparts from Brunei, Malaysia and the Philippines have focussed on improving transport connections. The four nations have been agreeing a strategy to develop connectivity for the East ASEAN Growth Area (BIMP-EAGA) that they comprise. A target budget of some US$21.4 billion has been set for developing transport infrastructure, including roads and bridges, ports, airports and rail links. The four nations have agreed
    Read More
  • Bridge projects planned for Indonesia
    January 9, 2014
    Two important bridge projects are planned for Indonesia. The South Korean firm Samsung is keen to build a 6.7km bridge to link Bintan Island with the free trade zone (FTZ) located in Batam Island. The copmany has been in discussions with the Indonesian Government with regard to the project, which will also include developing a container port in Batam's Tanjung Sauh and is likely to cost in the order of US$576.5 million in all. Meanwhile plans are in hand for a new 600m bridge to be developed in Jayapura. Th
    Read More
  • Banks, builders and Colombian government discuss motorway funding plans
    January 22, 2014
    Banks, builders, pension funds and Colombian government officers are discussing plans to finance around 40 new road concessions worth a combined US$23.86 billion (COP 47 trillion). According to market reports, the winners of these concessions will cover around 25% of their final cost. These funds will be paid in the first two years of each project and the winning firms will look to recoup their investment through road tolls. Banks will cover 30% of the cost via 12-18 year loans. The national development ban
    Read More
  • IL&FS Transportation secures US481.86mn loans for India road projects
    November 11, 2013
    Indian company IL&FS Transportation Networks (IL&FS Transportation) will push ahead with vital major national road projects after securing loans worth more than US$480 million from lenders such as Yes Bank, IndusInd Bank and IL&FS Financial Services. Of the loaned amount, $211.84 million from Yes Bank will be used to help finance the expansion of the Khed-Sinnar Section of NH-50 in Maharashtra to four lanes, while another $272.43 million from IL&FS Financial Services and IndusInd Bank will be used to hel
    Read More

Highlighted Content