A syndicated loan agreement or an Investment Credit facility has been signed by PT Pemalang Batang Tol Road (PBTR) as the Pemalang-Batang Toll Road Business Entity (BUJT) on August 27 2018 in Indonesia.
PT Bank Negara Indonesia (Persero) Tbk (BNI) will act as the lead bank providing facilities amounting to Rp2.03 trillion (US$134,36 million).
Bringing the total facilities obtained by PBTR to Rp5.25 trillion (US$352,69 million), the credit is a continuation of the Phase I Syndicated Credit signed on May 24, 2017. The total facility is used for the investment needs of PBTR toll road construction up to 70%.
Part of the Trans Java The 39.2 km Pemalang Batang toll road is one of the national strategic projects (PSN). In the near future PBTR will operate the Sewaka-Gandulan toll road for 6 km in advance, while the operation of the entire segment is targeted to be completed in November 2018.
The Minister of Transportation of Indonesia has announced that the second phase of the Jadodebek Light Rail Transit (LRT) system will be developed through a public-private partnership (PPP)....
Read moreIndonesia's Directorate General of Highway (Direktorat Jenderal Bina Marga) under the Ministry of Public Works and Housing has prequalified six potential bidders for the development of the&nb...
Read moreThe Ministry of Communication and Informatics of the Government of Indonesia has launched a tender for the financing, design, procurement, construction, launch, operation and maintenance of a mul...
Read moreThe Public Works and Peoples Housing (PUPR) Ministry has issued a request for pre-qualification for the project. Pre-qualified companies and/or consortia will be selected in three months.
DP World Limited has announced that the company has reached a decision not to renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the end of the agreement in 201...
Read more