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

  • Vinci buys Peruvian toll concession holder Lamsac from Invepar
    August 9, 2016
    Vinci Highways has acquired Peruvian toll road operator Lamsac from the Brazilian group Invepar for around US$1.67 billion. The deal is for 100% of Lamsac which is the concessionaire of the Línea Amarilla toll road in the centre of the Peruvian capital Lima. Vinci Highways, which is Vinci Concessions’ international highways subsidiary, also gets the Peruvian company PEX, Lamsac’s electronic toll collection operator. A statement from Vinci said that Lamsacholds a concession contract with the municipali
    Read More
  • Indonesia highway projects underway
    July 27, 2020
    Work on key Indonesian tolled highway projects is now underway.
    Read More
  • Highways England awards northern deals to Kier, CH2M and Costain
    December 15, 2016
    The UK’s Highways England has awarded four new-style road contracts worth over €360 million for road works in northern England. Two 15-year maintenance and response contracts expected to be worth up to €314 million have been awarded, one to Kier Highways and the other to a joint venture of CH2M and Costain. The Asset Delivery contracts, which will start on 1 April, will see Kier Highways operating in the rugged county of Cumbria. The CH2M-Costain JV operating in the North East will deliver routine h
    Read More
  • Metro Pacific pushes for Cebu-Mactan bridge in the Philippines
    January 19, 2015
    Metro Pacific Investments Corp (MPIC) is in discussions to form a joint venture for construction of a toll bridge connecting the islands of Mactan and Cebu in the Philippines. Cebu is an island province that incorporates 167 surrounding islands and islets, one of them being Mactan, which lies immediately off Cebu Island, across from Cebu City. MPIC’s subsidiary, Metro Pacific Tollways Development Corp (MPTDC), is proposing an 8.3km bridge costing around US$380 million, according to local media reports
    Read More

Highlighted Content