PT Bank Negara Indonesia Tbk (BNI) and PT Sarana Multi Infrastruktur (PT SMI) have agreed to provide IDR2.6 trillion (US$181.71 million) long-term loan for the Cinere–Jagorawi Toll Road concession in Indonesia. The credit will be channeled to PT Translingkar Kita Jaya supporting National Strategic Project (PSN). The loan term will be 15 years.
BNI has committed IDR1.38 trillion (US$95.84 million) while SMI has committed IDR1.30 trillion (US$90.28 million) for the toll road concession. The project consists of the following sections: Cengkareng–Kunciran (15.2 km), Kunciran–Serpong (11.2 km), Serpong–Cinere (10.1 km), Cinere–Jagorawi (14.6 km), Cimanggis–Cibitung (25.4 km), Cibitung–Cilincing (33.9 km) and Tanjung Priok Access (12.1 km).
Construction works for the project are expected to start soon and will be completed within 1.5 years by the end of 2022. The toll road is expected to start operations in early 2023.
Country updates
-
-
December 10, 2021
Indonesia signs Callender-Hamilton bridge replacement PPP
The Government of Indonesia has signed the concession agreement with PT Bukaka Teknik Utama Tbk for the replacement of the Callender-Hamilton bridge. The concession agreement also involves works...
Read more -
November 19, 2021
Preferred bidder selected for Kualanamu Airport PPP
PT Angkasa Pura II (Persero) in Indonesia has selected GMR Airports Limited (GAL) as a preferred bidder for the concession of improvement works at Kualanamu airport in Medan. Once finalized...
Read more -
October 15, 2021
Agreement signed for development at Jakarta International Airport
The Indonesia Investment Authority (INA) and Angkasa Pura II have signed two agreements concerning the development at Soekarno - Hatta International Airport. Angkasa Pura II operates Soekarno -...
Read more -
October 05, 2021
CIP New Market Fund I to develop 400 MW projects pipeline in Indonesia
CIP New Market Fund I has entered into a joint venture with the Indonesian affiliate of French Akuo Energy to develop, build and operate a 400MW pipeline of onshore wind, solar and run-of-the-river hy...
Read more -
September 21, 2021
CK Hutchison and Ooredoo Group agrees for merger of their Indonesian Businesses
Ooredoo and CK Hutchison Holdings Limited (CK Hutchison) have signed the definitive transaction agreements for the proposed merger of their respective telecommunications businesses in Indonesia, PT In...
Read more
