Gedebage - Tasikmalaya - Cilacap Toll Road concession

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The project involves the construction of the 206.65km Gedebage - Tasikmalaya - Cilacap Toll Road connecting the West and the East of Java Province, Indonesia. The project is divided in four stages : Section 1 Junction Gedebage-Garut Utara is 45.20 km; section 2 North Garut-Tasikmalaya is 50.32 km; section 3 Tasikmalaya-Patimuan is 76.78 km; section 4 Patimuan-Cilacap is 34.35 km. The sponsor consortium includes both private and state-owned entities. The private companies involved are Daya Mulia Turangga, Jasa Sarana and Gama Group with a combined 27.5% stake, while the SOEs are Jasa Marga (32.5%), Pembangunan Perumahan (10%), Waskita Karya (20%), Wijaya Karya (10%). The total project cost is $3920m, of which 30% or $1167m is provided by the sponsors, while the other 70% or $2753m were provided with a loan from banks from the state-owned Banks Association (HIMBARA) and other financial institutions. The financial close date is January 31st, 2022. https://en.antaranews.com/news/208353/gedebage-tasikmalaya-cilacap-toll-road-project-to-begin-in-2022-bpjt https://www.jasamarga.com/public/en/activity/detailactivity.aspx?title=The%20Gedebage-Tasikmalaya-Cilacap%20Toll%20Road%20is%20Present%20to%20Ensure%20the%20Smooth%20Distribution%20of%20Goods%20and%20Logistics%20Services%20in%20Southern%20Java%20Island https://www.pwc.com/id/en/media-centre/infrastructure-news/january-2022/toll-road-project-jsmr-consortium-wins-a-massive-tender.html https://www.pwc.com/id/en/media-centre/infrastructure-news/february-2022/building-the-longest-toll-road-jasa-marga-consortium-prepares-rp562-trillion.html