Indonesia: Jasa Marga secures four highway concession deals

Toll road operator Jasa Marga of Indonesia has added four contracts at a cost of nearly US$2.4 billion to its highway concession portfolio. Jasa Marga hold equity of between 55% and 65% in each project, according to a report by the Jakarta Post newspaper. The contracts are for the 40km Bitung-Manado Highway in Sulawesi, the 99km Samarinda-Balikpapan Highway in Kalimantan, the 38km Malang-Pandaan Highway in East Java and the 75km Semarang-Batang Highway in central Java. Netherlands-based Indonesia I
June 8, 2016 Read time: 2 mins
Toll road operator 1083 Jasa Marga of Indonesia has added four contracts at a cost of nearly US$2.4 billion to its highway concession portfolio.

Jasa Marga hold equity of between 55% and 65% in each project, according to a report by the Jakarta Post newspaper.

The contracts are for the 40km Bitung-Manado Highway in Sulawesi, the 99km Samarinda-Balikpapan Highway in Kalimantan, the 38km Malang-Pandaan Highway in East Java and the 75km Semarang-Batang Highway in central Java.

Netherlands-based Indonesia Investments describes Jasa Marga as a state-controlled toll road operator that constructs and provides toll road services – around 73% of all toll roads.

Earlier this year, 1075 Trans Marga Jateng, the 60:40 joint venture of Jasa Marga and central Java's state-owned infrastructure firm Sarana Pembangunan Jawa Tengah, secured a 15-year loan from a group of lenders headed by state-owned bank Bank Mandiri.

The $415.45 million loan is for 75km toll road as part of the Trans Java toll road project. It will run from Solo to Semarang through Salatiga and Boyolali.
Finance & Funding

For more information on companies in this article

Related Content

  • Indonesia expanding toll roads
    March 10, 2016
    Indonesia is continuing with its toll road expansion programme. The construction firm Jakarta Tollroad Development (JTD) is speeding up the construction of the six toll roads in Jakarta. The projects are expected to cost in the region of US$3.16 billion. These form part of the programme to construct 47 toll new roads, with this work making up Indonesia’s National Strategic Project. JTD is sourcing funding in the form of syndicated bank loan. Bank Mandiri is supplying this loans package.
    Read More
  • Indonesia toll road project starting soon
    January 14, 2019
    Work will commence soon on Indonesia’s South Cikampek II-Jakarta toll road project. The 64km highway project is benefiting from funding from the Bank Negara Indonesia, Bank Central Asia, and Bank Mandiri. These have each contributed US$91.06 million. In all, the project is costing $970 million. The project is being managed by Indonesian firm Jasamarga Japek Selatan.
    Read More
  • Odebrecht wins Brazilian highway concession
    November 29, 2013
    Odebrecht has been awarded a concession for Brazil’s important BR-163 federal highway route. The 851km section of highway runs through Mato Grosso state and the deal is worth some US$2 billion, according to a report by Business News Americas. As part of its contract, Odebrecht will have to widen a 454km stretch of the route within five years and is also required to build nine new toll booths.
    Read More
  • Indonesia toll road development plan
    May 14, 2019
    Indonesia has further plans to expand its toll road network. By 2024 1,500km of toll road projects will be complete. And by 2030, around 4,480km of toll roads will be complete. This programme of works will require US$44.33 billion to complete. Funding will be provided from a combination of government and private sources. The work will be carried out across Indonesia, including Nusa Tenggara, Java, Bali, Sumatra, Sulawesi and Kalimantan.
    Read More

Highlighted Content