Loan facility to help pay for Indonesia road

A loan facility has been secured which will help provide the necessary funding for a project planned by Waskita Toll Road in Indonesia. The loan is worth US$151.1 million and is being provided by a number of finance agencies. The bodies providing the financing package are Sarana Multi Infrastrukture and Bank Syariah Mandiri. The financing will be used by Waskita Toll Road’s Trans Jawa Paspro Jalan Tol division for a 31km toll road connecting Pasuruan with Probolinggo.
October 12, 2018 Read time: 1 min
A loan facility has been secured which will help provide the necessary funding for a project planned by Waskita Toll Road in Indonesia. The loan is worth US$151.1 million and is being provided by a number of finance agencies. The bodies providing the financing package are Sarana Multi Infrastrukture and Bank Syariah Mandiri. The financing will be used by Waskita Toll Road’s Trans Jawa Paspro Jalan Tol division for a 31km toll road connecting Pasuruan with Probolinggo.
Finance & Funding

Related Content

  • Indonesia road funding found for two highways
    June 27, 2016
    Financing looks to have been secured for major tolled highway projects in Indonesia. These highways are the 129km Pekan Baru-Dumai route, which forms part of the Trans-Sumatra highway, the 60.5km Cileunyi-Sumedang-Dawuan (Cisumwadu) road and the 39km Manado-Bitung route. A loan from the Asian Infrastructure Investment Bank (AIIB) worth some US$370.2 million is expected to provide around half of the financing required for the Pekan Baru-Dumai route. Meanwhile loans worth a total of $300.2 million from the Ex
    Read More
  • Indonesia’s key highway project
    July 21, 2020
    Indonesia’s key Trans-Sumatra highway project will be complete in 2024.
    Read More
  • Indonesia’s toll roads to join up
    October 30, 2018
    Steady progress is being seen in Indonesia with regard to the construction of its major toll roads. A series of key routes are expected to start operations by the end of 2018. Banten’s Merak Port should be linked to the trans-Java toll road by the end of 2018. The target for the end of 2018 is for 941km of toll roads to have been completed, while the target for the end of 2019 is for 1,852km of toll roads to have been completed. The Pemalang to Batang, Ciawi to Sukabumi, Pejagalan to Pemalang and Surakarta
    Read More
  • Indonesia’s new tolled highway projects
    September 29, 2016
    A series of major infrastructure projects are now moving forward in Indonesia, with financing sources having been identified for the work. Key projects include a tolled highway for East Java and a new tolled road and bridge link in East Kalimantan. Work on the 158km South Coast road project for East Java is moving forward with the securing of financing in the shape of a US$225.8 million loan from the Islamic Development Bank (IDB). A tolled highway link is being planned between Melawai in Balikpapan city
    Read More

Highlighted Content