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 road projects being planned
    February 7, 2017
    Three toll road projects are being planned in Indonesia. Financing for the projects is being provided through the Indonesia Infrastructure Guarantee. In all, the three projects are worth a total of US$2.17 billion. The toll roads are from Tebing Tinggi to Parapat, from Cileunyi-Sumedang to Dawuan and from Serang to Panimbang. The contracts are expected to be signed in March 2017.
    Read More
  • New toll roads panned for Indonesia
    December 16, 2014
    Two major new toll road projects are now in planning for Indonesia. One is for the Palembang-Indralaya toll project while the other is for the Soreang-Pasir Koja toll road. The South Sumatra provincial government believes that the Palembang-Indralaya toll road project will cost US$319.2 million, and feature a pay-back period of 18 years and 11 months. The investors in the project include the construction firms, Jasa Marga and Hutama Karya as well as the provincial government-owned Prodexim. Hutama Karya is
    Read More
  • Russia to commission new Moscow-St Petersburg highway by 2020
    June 20, 2017
    Final delivery of the final stretch for Russia’s key highway project looks set to be delayed – Eugene Gerden writes. I now looks as if Russia’s most ambitious project in the field of road building in recent years, the building of a new high-speed road link between Moscow and St Petersburg, the country’s largest cities, will not be complete in time. The project was set up by the Russian government and several private investors. According to initial state plans, building of the new road should have been compl
    Read More
  • Indonesia’s new toll road projects through public private partnerships
    December 16, 2013
    Public private partnerships (PPP) are being set up by the Indonesian Government to construct three toll road projects valued at US$783.3 million (IDR 9.40tn). Tender for the projects will be launched in 2014, with construction due to begin the following year. A 39km Manado-Bitung road in North Sulawesi; a 37.6km road in Malang-Pandaan in East Java; and 15.8km Medan-Binjai road in North Sumatra comprise the three toll road projects. The three projects are due for completion by the end of 2017. Also in Indon
    Read More

Highlighted Content