Funding secured for Indonesia road project

A funding package has been secured that will help pay for a major road project in Indonesia. The project forms part of the Trans-Sumatra toll road and the funding comes in the shape of a loan worth US$600.45 million, which is being supplied by Indonesia’s Bank Negara. Hutama karya will use the loan to help pay for its work on the Terbanggi to Kayu Agung stretch of the Trans Sumatra road project.
October 12, 2018 Read time: 1 min

A funding package has been secured that will help pay for a major road project in Indonesia. The project forms part of the Trans-Sumatra toll road and the funding comes in the shape of a loan worth US$600.45 million, which is being supplied by Indonesia’s Bank Negara. Hutama karya will use the loan to help pay for its work on the Terbanggi to Kayu Agung stretch of the Trans Sumatra road project.

Finance & Funding

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Indonesia’s road development programme is continuing, with a series of major projects being carried out across the country that will boost transport connections. State funding will help progress on the Trans-Sumatra toll road, paying for six sections of the road link. In all the 1,480km toll road project is expected to cost nearly US$11.85 billion, with state funding paying for a significant portion of the work So far the state-owned construction firm, Hutama Karya, which is building much of the route has
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