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

  • Slovakia’s troubled D1 highway
    February 20, 2012
    Slovakia’s Ministry of Transport is to finance construction work on the 75km section of D1 highway between Martin and Presov from state funds, with work expected to start in the second quarter of 2011.
    Read More
  • Bali toll road loan set to be finalised
    June 25, 2012
    A US$106 million loan deal to help fund a US$200million plus toll road development in Indonesia's Bali could be finalised before the end of June. The banks due to provide the loan are Bank Rakyat Indonesia (BRI), Bank Central Asia (BCA), Bank Negara Indonesia (BNI) and Bank Mandiri.
    Read More
  • Construction work will start shortly on major Indonesian tollroad
    July 22, 2013
    In Indonesia the country’s government intends to speed up preparations for the massive Trans Sumatra tollroad project. This 2,700km highway link is costing close to US$30 billion and much of the work will be carried out by the state-owned contractor, Hutama Kaya. Construction will commence in late-September 2013 and the project is scheduled to be fully open by 2025. This highway will connect all 10 provinces in Sumatra Island through Aceh-Lampung. Phase one of the project is for the construction of four sec
    Read More
  • State consortium to build US$13.1bn Jakarta-Surabaya offshore toll highway
    October 7, 2013
    A consortium of up to 19 state-owned enterprises in Indonesia plan to build a major portion of a US$13.1 billion (IDR 150 trillion) tolled highway between Jakarta and Surabaya on the sea. Among the state-owned enterprises that will join the ambitious 775km-long megaproject are construction firms Waskita Karya, Adhi Karya, and Pembangunan Perumahan; lenders Bank Negara Indonesia (BNI), Bank Rakyat Indonesia (BRI) and Bank Mandiri; as well as port operators Pelindo II and Pelindo III. According to State
    Read More

Highlighted Content