Indonesia: Waskita Raya to develop Bali toll road

Indonesian state construction firm Waskita Karya said it will be developing the US$2.7 billion Bali toll road project. But the Ministry of Public Works and Housing has yet to approve the 157km project which is in the pre-feasibility study stage. Waskita Karya’s finance director Tunggul Rajagukguk also said the company might seek nearly $1.8 billion of financing this year for not just road projects but also power transmission work. Financing could be around half through bond issuance and the other half v
April 28, 2015 Read time: 1 min
Indonesian state construction firm 7966 Waskita Karya said it will be developing the US$2.7 billion Bali toll road project.

But the Ministry of Public Works and Housing has yet to approve the 157km project which is in the pre-feasibility study stage.

Waskita Karya’s finance director Tunggul Rajagukguk also said the company might seek nearly $1.8 billion of financing this year for not just road projects but also power transmission work. Financing could be around half through bond issuance and the other half via ban loans.

The management is confident of securing funds of $409 million from rights issue as of end June 2015. During the first quarter of 2015, the firm has reported net profit of nearly $850,000, up 83% from a year ago. For 2015, the firm is aiming for net profit of around $77.2 million.
Finance & Funding

For more information on companies in this article

Related Content

  • Montenegro on the ropes over China deal
    April 13, 2021
    The first 41km of highway cost €20 million per kilometre - one of the most expensive highways in the world.
    Read More
  • Transport plans for Indonesia
    November 28, 2012
    Indonesia’s Government is setting a US$20 billion budget for transport and energy sector development. The Indonesian Government plans to build 559km of new roads as part of a new transport infrastructure programme. Indonesia’s capital Jakarta faces a growing problem due to severe traffic congestion, which is particularly intense at peak periods. Increasing vehicle numbers in the city mean that the existing traffic problem is fast getting worse. The authorities are looking at policies to address the issue.
    Read More
  • Indonesia’s mega road plans to include tolling -
    December 4, 2012
    The Ministry of Public Works in Indonesia has allocated US$5.33 billion (IDR 50.35 trillion) for a development master plan set to include improvements to vital access and toll roads. Among the projects in the Acceleration and Expansion of Economy Development master plan up until 2014 are access roads from Nabire to Narotali; from Manokwari to Sorong in Papua; from Sei Mangke to Kuala Tanjung in North Sumatra; and from Tanjung Priok to the Metropolitan Priority Area. It also includes the Cileunyi-Sumedang-Da
    Read More
  • Sales down but Deutz keeps profit level in first half 2015
    August 11, 2015
    German engine maker Deutz has reported new order sales were down just over 10% in the first half of this year, to €670.7 million. Unit sales also fell, around 21% down on the first half of last year, to 78,120 engines. Sales of 41,213 engines in the second quarter of 2015 were 11.7% higher than in the previous quarter but were 24.5% lower than in prior-year quarter (Q2 2014: 54,622 engines). Revenue was in line with forecasts, falling by 11% year on year to €670.2 million compared with €753.4 million
    Read More

Highlighted Content