State-owned firms to acquire three halted toll roads in Indonesia
State-owned firms PT Waskita Karya and PT Jasa Marga have announced plans to acquire three toll road concessions from PT Thiess Contractors Indonesia.
The state-owned firms have participated in the tender process to acquire the concessions organized by the Housing and Public Works Ministry's Toll Road Regulatory Agency (BPJT).
The three toll roads are the following:
- Solo-Ngawi (91.9km) in Central Java
- Ngawi - Kertosono (87.2km) in Central Java and
- Cinere - Serpong (10.1km) in Banten.
The two firms has recently established a joint venture (JV) to take over the concessions. PT Waskita Karya holds 40% of the JV and PT Jasa Marga holds the remaining 60%
According to sources, the deal could be worth Rp11 trillion (US$864.6 million).
Last mont the government of Indonesia has announced plans to tender four public private partnership (PPP) projects: Soekarno-Hatta International Airport Railway, Balikpapan-Samarinda Toll Road, Manado-Bitung Toll Road and West Semarang water supply PPP
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