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.
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