A series of major highway projects are in planning for Indonesia. A joint venture comprising 7966 Waskita Karya and 1083 Jasa Marga is now taking over Solo-Kertonoso Toll Road project. This follows a move by Thiess Contractor Indonesia (2642 Thiess), which sold its 95% equity in the Solo-Kertonoso Toll Road project to the joint venture for US$33.65 million. Construction is commencing in May 2015. The 177.7km road, which is to be built as part of the Trans Java Highway, will link the cities of Kertonoso and Solo via Ngawi upon its completion.
Meanwhile construction of the Cibitung-Cilincing toll road is set to begin in 2016. The project is being handled by PT Akses Pelabuhan Indonesia (API), a unit of PT Pelabuhan Indonesia II (Pelindo II). The 34km toll road will become operational in 2018. The confirmation comes after API purchased 45% of PT MTD CPT Expressway interests in the concession. PT MTD CTP Expressway holds concession permits in the toll road. Construction firm PT Nusacipta Eka Pratama and investment holding firm3185 MTD Capital hold 5% and 50%, respectively. The toll road is projected to ease the transporation of goods to Tanjung Priok Port in North Jakarta and help grow the efficiency of logistical activities.
Meanwhile construction of the Cibitung-Cilincing toll road is set to begin in 2016. The project is being handled by PT Akses Pelabuhan Indonesia (API), a unit of PT Pelabuhan Indonesia II (Pelindo II). The 34km toll road will become operational in 2018. The confirmation comes after API purchased 45% of PT MTD CPT Expressway interests in the concession. PT MTD CTP Expressway holds concession permits in the toll road. Construction firm PT Nusacipta Eka Pratama and investment holding firm
