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Home  >>   Daily News  >>Indonesia>>Construction>>Government signs guarantee agreement for Rp 37.2t toll road projects
NEWS UPDATES Asean Affairs     February 23, 2017  







Government signs guarantee agreement for Rp 37.2t toll road projects

The government on Wednesday signed a guarantee agreement for the development of four toll road projects worth Rp 37 trillion (US$2.77 billion).

The guarantee was given for the construction of the Jakarta - Cikampek II Elevated toll road in Greater Jakarta, Krian–Legundi–Bunder–Manyar toll road in East Java, Cileunyi–Sumedang–Dawuan toll road in West Java and Serang–Panimbang toll road in Banten.

“The guarantee agreement for the toll road projects is to give security and convenience to investors and at the same time show the commitment of the Finance Ministry to supporting infrastructure development,” Finance Minister Sri Mulyani Indrawati said as reported by Antara.

The signing ceremony was attended by Coordinating Economic Minister Darmin Nasution, Public Works and Housing Minister Basuki Hadimuljono and other relevant officials.

The projects are the result of cooperation between the government and private companies (KPBU). The government is represented by PT Penjaminan Infrastuktur Indonesia (PII), a state-owned company under the Finance Ministry, which is mandated to provide a guarantee to the infrastructure projects.

Sri Mulyani said the guarantee covered political risks caused by law revisions and other government activities that could cause project termination.

Those factors include government policies on tariffs that have caused the halt of tariff increases for more than two years, delayed land acquisition and other factors that could cause termination of projects.


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This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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