The Indonesian Toll Road Authority (BPJT) has selected PT Jasa Marga-led consortium to develop the Gedebage-Tasikmalaya-Cilacap toll road in West Java.
The consortium will establish a joint toll road business entity (BUJT), in which the majority stakeholder is PT Jasa Marga with a 32.50% stake. 27.5% stake will be held by PT Daya Mulia Turangga, PT Sarana and PT Gama Group combined, while the rest of the stake will be managed by PT Waskita Karya holding 20% and PT PP and PT Wijaya Karya holding 10% each.
With an estimated investment of IDR56 trillion (US$3.90 billion), the project includes the construction and operation of a 206.65 km-long highway connecting West Java and Central Java provinces. The toll road will have ten interchanges such as Majalaya, Nagrek, North Garut, South Garut, Singaparna, Tasikmalaya, Ciamis, Banjar, Patimuan, and Cilacap. Construction works will be divided into two sections:
PT Hutama Karya (Persero) has announced that Trans Sumatra Toll Road (JTTS) sections are ready to be transferred to Indonesia Investment Authority (INA)
Read moreSatelit Nusantara Tiga (SNT) and Thales Alenia Space, Joint Venture between Thales (67%) and Leonardo (33%), announced financial closing to fully develop the SATRIA program dedicated to reducing the digital divide over Indonesia.
Read moreRoatex Ltd received official notification from the Ministry of Public Works and Housing of Indonesia that it has been awarded as the winner of the public tender for the Procurement for Public Partnership for Multi-Lane Free Flow Transaction System.
Read moreAngkasa Pura Airports in Indonesia has announced that 26 international and national companies have participated in the procurement process of management and development of Lombok International Airport.
Read moreThe Asian Infrastructure Investment Bank (AIIB) has approved a US$ 150-million nonsovereign loan to Satelit Nusantara Tiga (SNT) for a multi-functional satellite PPP that will cover 45 million people.
Read more