Indonesian deal

Only two firms have submitted bids for the project to build six inner toll roads in Indonesia's capital, Jakarta. The US$4.4 billion project is expected to be developed in four phases. The 68km toll road project is thought to have generated less interest among bidders because of its high investment costs.
April 24, 2012 Read time: 1 min
Only two firms have submitted bids for the project to build six inner toll roads in Indonesia's capital, Jakarta. The US$4.4 billion project is expected to be developed in four phases. The 68km toll road project is thought to have generated less interest among bidders because of its high investment costs. Indian firm Wellspon from India and the Jakarta Tollroad Development consortium have submitted bids. The consortium is comprised of a number of parties including 5204 Pembangunan Perumahan, 5205 Adhi Karya, 5206 Hutama Karya, 5207 Wijaya Karya and 4911 Citra Marga Nusaphala Persada.
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