Construction firm 5206 Hutama Karya (HK) of Indonesia says it will next year begin to build the US $ 34.3 billion (IDR 330trn) 2,700km long Trans-Sumatra toll road.
Phase 1 of the project will be carried out by the company and a subsidiary, Jalan Tol Hutama Karya, will be set up to work on the project, said Ari Widiyantoro, corporate secretary of HK.
The overall toll road, which will like Aceh in Sumatra with Lampung, will be the biggest of its kind in the country. Phase 1 of the project will cost about IDR 30tn and it is due for completion within three years. HK's equity will be used for financing about 30% of the cost.
Phase 1 of the project will be carried out by the company and a subsidiary, Jalan Tol Hutama Karya, will be set up to work on the project, said Ari Widiyantoro, corporate secretary of HK.
The overall toll road, which will like Aceh in Sumatra with Lampung, will be the biggest of its kind in the country. Phase 1 of the project will cost about IDR 30tn and it is due for completion within three years. HK's equity will be used for financing about 30% of the cost.
