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

  • A new expressway link for the Philippines
    June 4, 2021
    Work continues on a new expressway link for the Philippines.
    Read More
  • Paraguay road project tender opening
    October 25, 2019
    The tender process is opening in Paraguay for a new stretch of the 557km Transchaco road. The work for this section is expected to cost US$101.3 million. The firms winning the deals for the Transchaco road sections will have to maintain these stretches of the route for four years under the terms of each agreement. In all, the Transchaco road is expected to cost $670 million to build, with the work being carried out in eight separate contracts. The contracts are being awarded by the country’s Ministry of Pub
    Read More
  • David Barwell suggests six steps for closing the UK funding gap
    January 11, 2019
    Six steps for closing the UK funding gap Plenty of private money is seeking UK investment opportunities. The government and the infrastructure sector in general must make projects more attractive, writes David Barwell* It is widely acknowledged that the UK faces mounting economic, environmental and social problems if the nation's infrastructure fails to meet present and future demands. Government estimates propose that almost €561 billion is required to bridge the infrastructure funding gap. As part o
    Read More
  • Italian highway bridge and tunnel link
    February 21, 2022
    A major Italian highway bridge and tunnel link is under construction.
    Read More

Highlighted Content