Semanan – Sunter and Sunter – Pulo Gebang Toll Roads

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The project entails the construction of Semanan – Sunter and Sunter – Pulo Gebang sections, which are part of the six inner-city toll road segments in Jakarta Great Area, Indonesia. Sponsor of the project is the Indonesian toll road operator, PT Jakarta Tollroad Development (JTD). JTD signed a syndicated loan agreement worth of Rp13.7 trillion (US$931.27 million) with 29 banks. JTD has obtained the toll road project through the Toll Road Concession Agreement on July 25, 2014. JTD is a joint venture of 12 companies, including PT Jaya Real Propertindo Tbk, PT Pembangunan Jaya Ancol Tbk, PT Jaya Konstruksi Manggala Pratama Tbk, and PT Citra Marga Nusaphala Persada Tbk. In addition there are also three State-Owned Enterprises as shareholders namely PT Wijaya Karya Tbk, PT Adhi Karya Tbk, and PT Hutama Karya. The project aims to increase the capacity of existing arterial road networks and to serve smoother and better traffic. All road structures are built with elevated construction, or built on existing arterial roads, as well as infrastructure that has been built before. https://theinsiderstories.com/jakarta-tollroad-development-received-loan-us931m/