Jasa Marga picks up a loan for the Medan-Kualanamu project

In Indonesia, state-controlled toll road operator Jasa Marga has secured a loan worth nearly US$124 million to finance its Medan-Kualanamu-Tebing Tinggi (MKTT) toll road project. The loan is secured from a consortium of banks that include Bank BRI, Bank Mandiri and Bank BNI. The total cost of the project is around $315 million. The tender process of the project is being conducted and the winning bidder will be revealed in May. Jasa Marga operates and manages 13 toll road concessions directly and nin
April 27, 2015 Read time: 2 mins
In Indonesia, state-controlled toll road operator 1083 Jasa Marga has secured a loan worth nearly US$124 million to finance its Medan-Kualanamu-Tebing Tinggi (MKTT) toll road project.

The loan is secured from a consortium of banks that include Bank BRI, Bank Mandiri and Bank BNI.

The total cost of the project is around $315 million. The tender process of the project is being conducted and the winning bidder will be revealed in May.

Jasa Marga operates and manages 13 toll road concessions directly and nine toll roads through its subsidiaries. Around three-quarters of Indonesia’s toll roads in Indonesia are operated by Jasa Marga.

In March, Jasa Marga said it is keen to source funding to finance 10 new highway projects totalling more than 270km. Jasa Marga hopes to source loans worth a total of $215.46 million for the work. However, the projects are expected to cost around $306.37 million to construct.
Finance & Funding

For more information on companies in this article

Related Content

  • Indonesia’s Trans Marga Jateng secures key new toll road loan
    April 8, 2014
    A US$415.45 million (IDR 4.7 trillion) loan has been agreed for a new 75.67km toll road as part of the Trans Java toll road project in Indonesia. Trans Marga Jateng, the 60:40 joint venture of Indonesian state-owned toll-road operator Jasa Marga and Central Java's state-owned infrastructure firm Sarana Pembangunan Jawa Tengah, has secured the 15-year syndicated loan from a group of lenders headed by state-owned bank Bank Mandiri. The new toll road will run from Solo to Semarang through Salatiga and Boyola
    Read More
  • Indonesian toll roads
    August 13, 2012
    ijaya Karya (Wika), the Indonesian governmentowned construction service provider, will build toll roads linking Kedung Badak to Kedung Halang and Pandaan to Gempol in Bogor through two contracts worth US$36.35 million and $24 million, respectively. Awarded by highways operator Jasa Marga (JSMR), the contracts require the roads completion in 18 months. The operator of the Tangerang- Merak Toll Road, Marga Mandala Sakti (Marga Mandala), will be allocating U$17 million to increase the toll road’s capacity. It
    Read More
  • Key toll road projects underway in Indonesia
    September 30, 2014
    Work is progressing on the second phase of a new tolled highway in Indonesia, with a consortium carrying out the construction of the connection between Kualanamu and Tebing Tinggi. The consortium comprises three state-owned construction firms, Pembangunan Perumahan (PP); Hutama Karya; Waskita Karya and toll road operator, Jasa Marga. Construction of the second phase of the project, the connection between Kualanamu Airport and Tebing Tinggi, is underway. In all the construction of the first and second phases
    Read More
  • Indonesia toll road tender bdding
    July 28, 2015
    Indonesia’s state-owned toll operator, Jasa Marge, is bidding for two major toll road projects. The toll road operating concessions are for the Balikpapan-Samarinda and Manado-Bitung routes. The 99m Balikpapan-Samarinda toll road will connect capital Jakarta with East Kalimantan province. By 2018, the 39km Manado-Bitung toll road will run between the western and eastern parts of North Sulawesi. Jasa Marga has also found the financing necessary to fund the Medan-Kuala Namu-Tebing Tinggi toll road in Deli
    Read More

Highlighted Content