Jasa Marga-Led Group To Build Indonesian Toll Road

A consortium led by state-controlled toll operator Jasa Marga has signed a 40-year concession agreement to construct and operate the Gedebage-Tasikmalaya-Cilacap toll road, which would span over 207km to connect cities in the southern part of Java and cost more than $3.9 billion, Jakarta Globe reported.

Apart from Jasa Marga, the consortium consists of its peers Waskita Karya, Wijaya Karya, PP, Daya Mulia Turangga, Gama Group, and Jasa Sarana.

Read the full report: Jakarta Globe.

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.