BPJT – Solo-Ngawi-Kertosono Toll Road – Indonesia - Project Profile

BPJT – Solo-Ngawi-Kertosono Toll Road – Indonesia - Project Profile

  • March 2018 •
  • 10 pages •
  • Report ID: 4302474
Synopsis
"BPJT – Solo-Ngawi-Kertosono Toll Road – Indonesia - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

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Summary
Badan Pengatur Jalan Tol (BPJT) or the Indonesia Toll Road Authority, under the directive of Ministry of Public Works, is undertaking the construction of Solo-Ngawi-Kertosono Toll Road project in Java, Indonesia.

The project involves the construction of a 177km toll road connecting Solo (Surakarta) in Central Java with Kertosono in East Java via Ngawi in East Java. It will be carried out in two sections: the 90km Solo-Mantingan-Ngawi (Section I) and 87km Ngawi-Kertosono (Section II).

The project will be implemented on a build, own, operate and transfer (BOOT) basis under a concession agreement of 35 years. It is being built under Public Private Partnership (PPP) with the Government of Indonesia.

The BOOT contract was awarded to PT Thiess Contractors Indonesia in July 2008. Thiess has floated the concession to separate subsidiaries for the implementation of two sections - PT Solo Ngawi Jaya for the 90km section (Solo-Mantingan-Ngawi) and PT Ngawi Kertosono Jaya for the 87km section (Ngawi-Kertosono).

In June 2011, toll road concession amendment contracts were signed between Thiess and BPJT.

PT Jasa Marga and PT Waskita Karya acquired the concessionaire from Thiess. Jasa Marga holds 60% of shares and PT Waskita Karya holds 40% of shares.

In September 2013, a groundbreaking ceremony was held for the Solo-Mantingan-Ngawi Section.

In January 2014, PT Solo Ngawi Jaya initiated the process of signing credit agreement (PK) with bank syndication with Bank Mandiri as the leader.

The 90km section 1 from Solo-Mantingan-Ngawi is further divided into two segments:

The Indonesian government will undertake 20.9km segment from Solo to Karanganyar, which is a part of Section I (Solo - Ngawi).

Karang Anyar to Ngawi segment, which is also a part of section 1 further divided into two parcels.First Parcel comprises of 35km Karang Anyar to Kedung Harjo segment and the second parcel comprises of 34km Kedung Harjo to Ngawi segment.

PT Waskita Karya (Persero) Tbk will undertake the construction of two parcels.

The 87km section 2 from Ngawi - Kertosono is further divided into different segments:

The first segment involves the construction of 49km toll road from Ngawi to Saradan, further divided into three parcels. The first parcel involves the construction of a 20km road between Ngawi and Magetan, which will be undertaken by PT Waskita Karya.

The second parcel involves the construction of an 8.4km road between Magetan and Madison and the third parcel is of 21km road between Madison and Saradan. In September 2015, Adhi Karya (Persero) Tbk was appointed as a construction contractor to undertake second and third parcels.

The second segment of 87km section 2 involves the construction of 37.5km toll road from Saradan to Kertosono. The Indonesia Government will undertake the second segment between Saradan and Kertosono.

Until January 5, 2016, 93% of the land acquisition was completed.

In April 2016, BPJT secured US$583 million from a group of syndicate banks; US$331 million for the first section and US$252 million for the second section.

In August 2017, 73.5% construction works completed on Ngawi to Kertosono section.

In November 2017, 90% construction works completed on the project.

In February 2018, Construction works on section II completed. The functional tests are underway and the road is yet to be opened for traffic.

The final works on the Section I is underway. The section II is expected to be opened for public in March 2018, followed by Section I in April 2018.

Scope
The project involves the construction of a 177km toll road in Java, Indonesia.

The US$750 million project includes the following:
1. Construction of 90km Solo-Mantingan-Ngawi section
2. Construction of 84km Ngawi-Kertosono section
3. Construction of toll gates
4. Construction of related facilities
5. Installation of traffic signal lights

Reasons To Buy
• Gain insight into the project.
• Monitor the latest project developments.
• Identify key project contacts.
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Country=Indonesia Industry=CivilEngineering ParentIndustry=HeavyIndustry Date=201803 Topic=Forecast Publisher=Timetric Price=1000