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

  • Lithuania: EIB to issue loan for Vilnius-Utena A14 highway
    September 21, 2016
    The European Investment Bank (EIB) is looking at issuing a €40 million loan towards reconstruction of Lithuania's Vilnius-Utena A14 highway. According to a notice by the EIB earlier this year, the project includes reconstruction of 58km highway, the main traffic artery between the capital and north-eastern regions of Lithuania. The government intends to procure the project as a public-private partnership under a 13-year concession contract, including a 3-year construction period. The bank noted that t
    Read More
  • Indonesia infrastructure development programme planned
    August 22, 2017
    Indonesia’s government has set an impressive 2018 budget of some US$30.72 billion to develop infrastructure in the country. The funding will be split between the Ministry of Public Housing and Works, the Ministry of Transportation and for the special allocation fund. The Indonesian Government is aiming to boost economic growth during 2018 through its infrastructure development programme.
    Read More
  • BAM and Iridium get the green light Ross link road in Ireland
    December 15, 2014
    The BAM PPP PGGM and Iridium consortium has been named preferred bidder for the N25 New Ross Bypass project in the Irish Republic. The US$270 million (€217 million) contract - Design, Build, Finance, Maintain and Operate - involves 13.6 km of dual carriageway on the N25 and N30 routes and 1.2 km of the carriageway New Ross N30 route. Construction is expected to support around 300 jobs across Ireland and will be undertaken by a joint venture of BAM Civil and civil engineering firm Dragados. The road will
    Read More
  • Kosovo's award-winning green highway construction
    March 20, 2012
    A new highway is proving an economic lifeline for the tiny country of Kosovo – Mike Woof reports. Road projects in Europe rarely meet such widespread public approval and support as the new Route 7 highway being built in the new Balkan state of Kosovo. The first sections of the new road opened to traffic in November 2011, with locals turning out in large numbers to celebrate the event. The official opening was carried out by the country’s prime minister Hashim Thaçi, president Atifete Jahjaga, and members of
    Read More

Highlighted Content