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

  • Construction underway on Italian highways with more planned
    August 8, 2012
    Two key highway projects in Italy are exhibiting good progress at present. Construction work on the new Brescia-Milan highway link is now more than 50% complete. The bridges crossing the Serio, Adda and Oglio rivers are 84% complete, while the underpasses and drainage is 49% ready. Service stations, surveying and foundation work is 40% complete while the remaining operations are 227% ready. Italian road construction firm Brebemi believes that the highway be will be complete and open to traffic by 31 Decembe
    Read More
  • The Dhaya Maju-HSL consortium wins Lebuhraya Borneo Utara deal
    March 22, 2016
    Lebuhraya Borneo Utara of Malaysia has awarded a highway construction contract valued at US$422 million to a 30:70 consortium comprising Dhaya Maju Infrastructure and Hock Seng Lee (HSL). Under the contract, the consortium is required to undertake related works for Phase I of the Pan Borneo Highway, according to a report by the New Straits Times newspaper. Works includes upgrading the Batang Rajang Bridge and construction of roads between Sungai Kua Bridge and Sibu Airport as well as between Julau Jun
    Read More
  • Indonesian infrastructure repairs benefit from Japan input
    February 10, 2020
    A Japanese loan will help with Indonesian road repairs.
    Read More
  • Georgia's East-West Highway
    February 17, 2012
    One of the most important priorities of the Government of Georgia is the construction and rehabilitation of the East-West Highway in accordance with international standards.
    Read More

Highlighted Content