Indonesian Political, Business & Finance News

New tollway planned for Tangerang

| Source: JP

New tollway planned for Tangerang

TANGERANG: The Tangerang regency administration has signed a
memorandum of understanding on the construction of a new 45-
kilometer tollway, which will connect the Soekarno-Hatta
International Airport road with Tanjung Pasir and Teluk Naga in
Tangerang, as well as connecting with the Jakarta-Merak tollway
and Serpong.

The road's construction, estimated to cost Rp 2 trillion, is
expected to start in January and will be completed within a year.

The chief of the regency's Development Planning Board
(Bappeda), Suryana, said on Thursday that in the memorandum
signed on Nov. 9, investor PT Trans Indoduta Utama (PT TIU) would
begin a feasibility study on the project in December.

"The construction of the new toll road is very important
because we will also build a seaport at Tanjung Pasir in Teluk
Naga district next year," he said.

PT TIU director Basuki Wibowo said that the company would be
backed by Canadian and Malaysian investors.--JP

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