Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
April 10, 2012
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Work on a 39km toll road linking Pemalang with Batang in Indonesia is expected to start in mid-2012, although the finance structure is still being established.
Public private partnerships (PPP) are being set up by the Indonesian Government to construct three toll road projects valued at US$783.3 million (IDR 9.40tn). Tender for the projects will be launched in 2014, with construction due to begin the following year. A 39km Manado-Bitung road in North Sulawesi; a 37.6km road in Malang-Pandaan in East Java; and 15.8km Medan-Binjai road in North Sumatra comprise the three toll road projects. The three projects are due for completion by the end of 2017.
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Plans are moving ahead in Indonesia for the construction of the Kuala Tanjung toll road project. Financing has been secured for an 80km stretch of the route. This stretch will run from Terbanggi Besar, through Pematang Panggang to Kayu Agung and will cost around US$552.3 million to build. The project for the Kuala Tanjung toll road includes a number of complext and costly elevated sections, between: Krian-Legundi, Bunder and Manyar (KLBM); Jakarta and Cikampek II Elevated; Batang and Semarang; Jakarta and C
The Indonesian Government is on track with its schedule of building new highway links to increase connectivity. The Indonesian Government looks likely to require investment of US$20 billion for infrastructure projects in 2013, but as this exceeds its own resources, private investment and concession packages will help fill the gap. The Ministry of Transportation established the Indonesian Economic Development Acceleration and Expansion Masterplan that set out a template for the projects, many of which are du
Indonesian state-owned construction firm Waskita Karya will seek a bank loan of US$338 million for its work on the Pejagan-Pemalang toll project in central Java island. The project is being managed by Pejagan Pemalang Toll Road, a subsidiary of Waskita Karya.
Waskita company secretary Antonius Yulianto Nugroho said the firm has enough cash resources to cover a quarter of its financial commitment on the project and is targeting bank loans to cover the other 75%.
Waskita Karya plans to carry out a bond
