Funding secured for Indonesia road project

A funding package has been secured that will help pay for a major road project in Indonesia. The project forms part of the Trans-Sumatra toll road and the funding comes in the shape of a loan worth US$600.45 million, which is being supplied by Indonesia’s Bank Negara. Hutama karya will use the loan to help pay for its work on the Terbanggi to Kayu Agung stretch of the Trans Sumatra road project.
October 12, 2018 Read time: 1 min

A funding package has been secured that will help pay for a major road project in Indonesia. The project forms part of the Trans-Sumatra toll road and the funding comes in the shape of a loan worth US$600.45 million, which is being supplied by Indonesia’s Bank Negara. Hutama karya will use the loan to help pay for its work on the Terbanggi to Kayu Agung stretch of the Trans Sumatra road project.

Finance & Funding

Related Content

  • Major highway investment for Indonesia with key project on track
    March 11, 2013
    Work on Indonesia’s landmark Trans-Sumatera Toll highway is set to commence in 2013. The contractor Hutama Karya has been awarded the deal to carry out the project. There will be a total 24 toll roads to be constructed on the route by the state-owned construction firm. Meanwhile Indonesia’s Ministry of Public Works has projected that overseas funding for its infrastructure projects in 2014 will be nearly US$784 million, similar to the figure set for 2013. Projects for funding in 2014 include several communi
    Read More
  • Indonesian road project funding plan
    December 10, 2020
    Indonesian toll road project requires a funding plan.
    Read More
  • Nicaragua road upgrades - funding secured
    March 1, 2018
    Financing worth US$238 million has been secured for planned road upgrades and improvements in Nicaragua. The funding comes in the shape of a loan from the Central American Bank for Economic Integration (CABEI). The upgrade works will be carried out to just over 194km of roads across the country. These works form part of the Nicaraguan Government’s VII Road Improvement and Renovation Programme. Meanwhile a further funding package worth $1.4 million from CABEI will help pay for various studies for Phase I of
    Read More
  • US$6 billion needed for Indonesia highway
    October 4, 2024
    A further US$6 billion is needed for a key Indonesia highway.
    Read More

Highlighted Content