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Waru Juanda Toll Road

Sector: Airport • Location: Indonesia

Source: World Bank Group

Project
Active

PT Citra Margatama Surabaya (CMS) was established in 1996 as a joint venture between Pt Citra Marga Nusaphala Persada Tbk (CMNP) 85% and state-owned PT Jasa Marga (15%) to operate the Surabaya Eastern Ring Road (SERR) or Waru Juanda Toll Road under a 35 year BOT contract. The 12km toll road was to run from Waru to the Juanda airport of Surabaya and be completed in four phases with respective lengt

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The project “Waru Juanda Toll Road” is an infrastructure initiative in the Airport sector, located in Indonesia. Taiyo aggregates data on it from World Bank Group.

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Description

Description

PT Citra Margatama Surabaya (CMS) was established in 1996 as a joint venture between Pt Citra Marga Nusaphala Persada Tbk (CMNP) 85% and state-owned PT Jasa Marga (15%) to operate the Surabaya Eastern Ring Road (SERR) or Waru Juanda Toll Road under a 35 year BOT contract. The 12km toll road was to run from Waru to the Juanda airport of Surabaya and be completed in four phases with respective lengths of 1.7 km, 2.9km, 3.8km and 4.4 km. The project reached financial closure on December 28, 2004 when a loan facility was signed between CMS and Bank Negara Indonesia (BNI) for Rp 390,105,000,000 (US $43.6 million). The total project cost was estimated to be US $155.5 million. An additional loan was obtained in 2007 for approximately Rp 400 billion (US $43.7 million) through PT Bank Mega Tbk and Bank Mandiri Tbk. None None

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Source reliability

High

Data quality score

100%

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