Indonesian airport toll road deal

A deal has been agreed for a key Indonesian airport toll road.
By MJ Woof September 21, 2020 Read time: 1 min
The concession for Indonesia’s new airport toll road route has been awarded - image courtesy of © 350jb, Dreamstime.com
A deal has been agreed in Indonesia for the 96.5km Surakarta-Yogyakarta-New Yogyakarta International Airport toll road. The Indonesian Government is awarding the package to the Jogjasolo Marga Makmur consortium.

Under the terms of the arrangement, the firm will have the concession to build and operate the toll road route. Building the link will cost an estimated US$1.8 billion. The first stretches of the route should open in 2023 and the aim is to have the entire route ready for drivers by 2024.

The consortium comprises the state-owned toll road operator PT Jasa Marga as well as PT Adhi Karya, PT Daya Mulia Turangga and PT Gama Group. Opening the toll road is hoped to boost transport and tourism for Central Java and Yogyakarta.
Finance & Funding

Related Content

  • Interest strong for Colombia key tunnel project
    January 22, 2019
    Interest is strong in the project to complete Colombia’s key tunnel construction contract. In all 23 firms have shown interest in the package of works to complete the La Linea tunnel project, according to the Colombian national road institute (Invias). The Colombian Government is providing US$204.5 million to complete the project. The current target is for the tunnel to be completed by 2020, although the link was originally supposed to be ready for traffic in late 2016. Construction work on the link commenc
    Read More
  • Investment for Brazil’s Sao Paulo ring road
    June 8, 2012
    A new loan has been approved that will help finance works on the northern stretch of the Sao Paulo ring road in Brazil. The US$1.15 billion loan is being provided by the Inter-American Development Bank (IADB). Approval for the IADB loan has come from Brazil’s Committee for Economic Affairs (CAE) at Brazil's Senate. The loan will finance construction of the Rodoanel Norte stretch of the ring road. This measures some 44km long and will connect with the west and east sections of the ring road as well as linkin
    Read More
  • Construction underway for Nigeria's $10 billion coastal highway
    May 1, 2025
    Construction is underway for Nigeria’s new $10 billion coastal highway.
    Read More
  • Australia responds to infrastructure funding challenge
    July 13, 2012
    The Global Financial Crisis (GFC) has drastically changed the way governments and the private sector is prepared to procure vital infrastructure projects, says Philip Davies Governments have responded to the GFC by focusing on long term investment in transport infrastructure and shorter term stimulus packages to kick-start economies. As these projects proceed, the focus will shift to maintaining and achieving maximum benefits from assets and future infrastructure funding. The Public Private Partnership (PP
    Read More

Highlighted Content