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

  • Kewatkhali Bridge construction to start
    October 11, 2023
    The project in Bangladesh for the steel arch bridge includes a 6.2km four-lane approach road.
    Read More
  • Nicaragua capital highway route financing secured
    June 26, 2017
    The financing package for a key highway project in Nicaragua’s capital Managua has now been secured.
    Read More
  • Sri Lanka secures ADB loan of $800m towards latest road revamps
    October 26, 2015
    The Asian Development Bank will loan US$800 million to Sri Lanka toward phase three of the country’s Integrated Road Investment Programme. The programme will improve more than 3,100km of rural roads and nearly 250km of national roads at a total cost $906 million. Work will take place in Sabaragamu provinces, Kaluthara District, Central, North Central and North Western Provinces. Sri Lanka recently announced that $292 million has been secured from the Japan International Cooperation Agency for a new
    Read More
  • ARTBA makes awards
    February 29, 2012
    A series of highway and bridge projects across the US have been recognised for their contributions to environmental protection and mitigation.
    Read More

Highlighted Content