Macquarie to finance Indonesian toll road project
Jakarta (ANTARA News/Asia Pulse) - Australia's Macquarie Group has agreed to provide a Rp6.6 trillion (US$733 million) loan to build the Solo-Ngawi-Kertosono toll road project.
Head of Toll Road Regulatory Body (BPJT) Hisnu Pawenang said Macquarie may provide a long term loan with guarantee in the form of revenue from the toll road after it is operational.
Hisnu said Macquarie has a special investment mechanism for infrastructure projects offering a long term loan, a system not owned by banks.
The Solo-Ngawi-Kertosono toll road project in Central Java is still in the stage of pre-qualification tender, with government approval not yet finalised.
Source:
Business in Asia Today - Nov 23, 2006
published by Asia Pulse
Head of Toll Road Regulatory Body (BPJT) Hisnu Pawenang said Macquarie may provide a long term loan with guarantee in the form of revenue from the toll road after it is operational.
Hisnu said Macquarie has a special investment mechanism for infrastructure projects offering a long term loan, a system not owned by banks.
The Solo-Ngawi-Kertosono toll road project in Central Java is still in the stage of pre-qualification tender, with government approval not yet finalised.
Source:
Business in Asia Today - Nov 23, 2006
published by Asia Pulse