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Indonesia’s Adhi Karya to Construct Solo-Yogyakarta Toll Roads in 2019

JAKARTA (TheInsiderStories) - PT Adhi Karya Tbk (IDX: ADHI), a state-owned construction company, aims to start the construction of the Solo - Yogyakarta toll road...

Indonesia Offers Six Toll Road Projects Costs US$8B

JAKARTA (TheInsiderStories) - Indonesia's Toll Road Regulatory Agency offered six toll road projects with an investment value of Rp124 trillion (US$8.67 billion) to be...

Policy Review: SOEs More Agressives Build Toll Roads Amid Liquidity Concern

JAKARTA (TheInsiderStories) - Two state-owned enterprises (SOEs), PT Wijaya Karya Tbk (IDX: WIKA) and PT Jasa Marga Tbk (IDX: JSMR) will operate and build new toll...

Indonesia WIKA, Philippine Consortium Constructs US$1.25B’s Toll Road Project in Manila

JAKARTA (TheInsiderStories) - Indonesian construction firm PT Wijaya Karya Tbk (IDX: WIKA) with Citra Manila Consortium, consisting of PT Citra Persada Infrastruktur, PT Citra Nusaphala Marga...

Jasa Marga Secures $561M Loan to Build Batang Toll Road

JAKARTA (TheInsiderNetwork) - State-owned toll operator PT Jasa Marga Tbk (IDX: JSMR) has obtained syndicated loan amounting Rp7.73 trillion (US$561 million) to finance Batang - Semarang...

Status Updates of Indonesia’s National Strategic Projects

JAKARTA (TheInsiderStories) - The administration of President Joko Widodo is ratcheting up infrastructure spending, with priorities set in logistic, energy and transportation sectors. Indonesia needs...

Waskita, Jasa Marga Seek US$582M from Toll Roads Divestment

JAKARTA (TheInsiderStories) - State-owned construction firm PT Waskita Karya Tbk (IDX: WSKT) and state-owned toll operator company PT Jasa Marga Tbk (IDX: JSMR) are planning to...

Government May Slash Toll Road Tariffs, Operators Welcome

JAKARTA (TheInsiderStories) - President Joko Widodo summoned Minister of Public Works and People's Housing Basuki Hadimuldjono, Minister of Transportation Budi Karya Sumadi, and several...

WIKA to Start the Construction Serang-Panimbang Toll Road

JAKARTA (TheInsiderStories) - State owned construction company, PT Wijaya Karya Tbk Persero (IDX:WIKA) will soon start the construction Serang-Panimbang toll road (83.7km) under Toll Road...

Waskita Obtains Loan US$75M to Build Salatiga-Kartasura Toll Road

JAKARTA (TheInsiderStories) – State-owned construction company PT Waskita Karya Persero Tbk, (IDX:WSKT) has secured a syndicate loan amounted Rp1 trillion or US$75 million to fund...

Wijaya Karya Offers Global IDR Bonds US$400M

JAKARTA (TheInsiderStories) - Publicly listed construction firm, PT Wijaya Karya Tbk (IDX: WIKA) is ready to offer US$400 million (Rp5.3 Trillion) global IDR bonds...

Indonesia Toll Road Regulator Raises Tariffs on 9 Toll Roads

JAKARTA (TheInsiderStories) - The Toll Road Regulatory Agency (BPJT) has decided to adjust the tariffs of nine toll roads, starting Dec. 8. Head of BPJT Herry...

Jasa Marga seeks $7.3 billion by 2019 for New Tolls

JAKARTA (TheInsiderStories) - State-owned toll road operator PT Jasa Marga (Persero) Tbk (IDX: JSMR) is gearing up to raise funds from the capital market...

Waskita Rebuffs Suitors, Cancels Divestment

JAKARTA (TheInsiderStories) - State-owned construction firm, PT Waskita Karya Tbk (IDX:WSKT) has announced that the rights issue and divestment of PT Waskita Toll road...
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