State-owned PT Waskita Karya in Indonesia and China Communications Construction Company Co. Ltd (CCCC) have signed a Master Agreement in the context of forming a strategic alliance for infrastructure development for transportation and other industries in Indonesia.
Under this agreement, Waskita and CCCC will develop the projects such as the Kayu Agung – Palembang – Betung toll road project, the Ciawi – Sukabumi toll road, the Cikampek – Plumpang fuel distribution pipeline and the revetment of Benoa port in Bali, as well as several other infrastructure projects of national importance.
Country updates
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June 08, 2021
Financial close for Makassar - Parepare Railway PPP in Sulawesi
The Makassar-Parepare railway project has reached financial closure through a public-private partnership (PPP) scheme. A financing agreement was signed between PT Celebes Railway Indonesia (CRI) and P...
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April 29, 2021
Indonesia plans to tender Bintan-Batam Bridge PPP project
The Government of Indonesia is planning to tender the Bintan-Batam bridge project under a Public-Private-Partnership model. The decision was made on the basis that the government has prepared a budget...
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April 28, 2021
Road King infrastructure acquires 45% stake in Medan-Kualanamu-Tebing Tinggi toll road
Road King infrastructure through its subsidiary Kings Ring has completed the acquisition of a 45% stake in Medan-Kualanamu-Tebing Tinggi toll road from two companies. The transaction is valued at...
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April 27, 2021
Hungary and Indonesia launch Investment Fund
Hungary and Indonesia have announced Indonesia-Hungary Investment Fund, which will support infrastructure projects in Indonesia. The fund will raise investment from private as well as public enti...
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April 26, 2021
Indonesia awards Riau road preservation PPP
Minister For Public Works and Human Settlements in Indonesia has awarded the second non-toll road PPP - Riau Jalintim project - to PT Adhi Karya. The project received various supports from the Mi...
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