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

  • Ferrovial picks up more North Tarrant Express work in Texas
    August 23, 2019
    Ferrovial, through a consortium led by its toll road subsidiary Cintra Infraestructuras, will build and operate an extension to the North Tarrant Express in Texas. Ferrovial Agroman will be in charge of designing and building the 11km road, known as segment 3C in a deal worth US$910 million. The consortium, NTE Mobility Partners Segments 3, includes the Meridiam fund and APG, a specialised pension fund management firm. It runs from Heritage Trace Parkway, north of US 81/287, to Eagle Parkway in Denton
    Read More
  • Uzbekistan toll road being planned
    April 12, 2021
    Uzbekistan’s first toll road is being planned.
    Read More
  • Colombian deals
    February 7, 2012
    The Colombian authorities are agreeing terms with the Colombian electricity transmission company Interconexion Electrica (ISA) for the Autopistas de la Montana highway project. The Bogota-Villavicencio highway was also awarded although other infrastructure projects are still awaiting approval.
    Read More
  • Texas highway project tackles congestion
    May 3, 2012
    A new highway project in Texas will tackle peak congestion A major highway job is underway in Texas at present where contractor Northgate Constructors, a joint venture between Kiewit & Zachary, is working on the huge DFW Connector Project. Northgate is using equipment from Guntert & Zimmerman, an S850, S600, and two TC1500s, on the job.
    Read More

Highlighted Content