Financial close for Jalan Lintas Timur Sumatera road PPP

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Ministry of Public Works and Housing of the Republic of Indonesia has announced a financial close for the Jalan Lintas Timur Sumatera road PPP concession. The Jalintim PPP project includes the main works for the preservation of national roads along 29.87 km and 14 bridges.

Preservation work carried out by PT. Jalintim Adhi-Abipraya as the Implementing Business Entity and PT.Indonesian Infrastructure Guarantee (Persero) as guarantor. This project has a concession period of 15 years with an investment value of IDR 644.7 billion (USD 46 million) from a syndicate of Sharia Bank, PT Sarana Multi Infrastruktur (Persero), and PT Bank Panin Dubai.

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