Indonesia toll road project starting soon

Work will commence soon on Indonesia’s South Cikampek II-Jakarta toll road project. The 64km highway project is benefiting from funding from the Bank Negara Indonesia, Bank Central Asia, and Bank Mandiri. These have each contributed US$91.06 million. In all, the project is costing $970 million. The project is being managed by Indonesian firm Jasamarga Japek Selatan.
January 14, 2019 Read time: 1 min

Work will commence soon on Indonesia’s South Cikampek II-Jakarta toll road project. The 64km highway project is benefiting from funding from the Bank Negara Indonesia, Bank Central Asia, and Bank Mandiri. These have each contributed US$91.06 million. In all, the project is costing $970 million. The project is being managed by Indonesian firm Jasamarga Japek Selatan.

Finance & Funding

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Indonesia’s Trans Marga Jateng secures key new toll road loan

A US$415.45 million (IDR 4.7 trillion) loan has been agreed for a new 75.67km toll road as part of the Trans Java toll road project in Indonesia. Trans Marga Jateng, the 60:40 joint venture of Indonesian state-owned toll-road operator Jasa Marga and Central Java's state-owned infrastructure firm Sarana Pembangunan Jawa Tengah, has secured the 15-year syndicated loan from a group of lenders headed by state-owned bank Bank Mandiri. The new toll road will run from Solo to Semarang through Salatiga and Boyola
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