In Indonesia, state-controlled toll road operator 1083 Jasa Marga has secured a loan worth nearly US$124 million to finance its Medan-Kualanamu-Tebing Tinggi (MKTT) toll road project.
The loan is secured from a consortium of banks that include Bank BRI, Bank Mandiri and Bank BNI.
The total cost of the project is around $315 million. The tender process of the project is being conducted and the winning bidder will be revealed in May.
Jasa Marga operates and manages 13 toll road concessions directly and nine toll roads through its subsidiaries. Around three-quarters of Indonesia’s toll roads in Indonesia are operated by Jasa Marga.
In March, Jasa Marga said it is keen to source funding to finance 10 new highway projects totalling more than 270km. Jasa Marga hopes to source loans worth a total of $215.46 million for the work. However, the projects are expected to cost around $306.37 million to construct.
The loan is secured from a consortium of banks that include Bank BRI, Bank Mandiri and Bank BNI.
The total cost of the project is around $315 million. The tender process of the project is being conducted and the winning bidder will be revealed in May.
Jasa Marga operates and manages 13 toll road concessions directly and nine toll roads through its subsidiaries. Around three-quarters of Indonesia’s toll roads in Indonesia are operated by Jasa Marga.
In March, Jasa Marga said it is keen to source funding to finance 10 new highway projects totalling more than 270km. Jasa Marga hopes to source loans worth a total of $215.46 million for the work. However, the projects are expected to cost around $306.37 million to construct.
