Month: May 2015

PT Mass Rapid Transit Jakarta (MRTJ) has awarded a $210 million contract for railway systems and tracks to a consortium led by Japan-based Mitsui & Company Limited (Mitsui) for the North-South line of the Jakarta mass rapid...

The Indonesian government has set a target of connecting clean water pipelines to 27.6 million households by 2019. By late 2019, the country`s drinking water supply coverage is expected to reach 60 per cent of the population,...

Indonesia will carry out expansion works at 14 of 41 seaports in Southeast Sulawesi this year. The 14 ports are Bungkutoko, Kendari, Bau-Bau, Banabungi-Pasarwajo, Boepinang, Batu Atas, Wanci, Lasalimu, Kolaka, Watunohu,...

State-owned railway operator PT KAI and airport train operator PT Railink have secured funds from four major lenders to finance the construction of the much-awaited Soekarno-Hatta International Airport railroad. The companies...

Waskita Karya, a publicly listed construction firm, is planning to develop a 125 km toll road worth Rp 40 trillion ($3.1 billion). The project would be part of the company’s long-term plan to operate 400 km of toll roads by...

State-owned port operator PT Pelindo I plans to upsize its issuance of debt papers this year to Rp 1 trillion ($76.9 million) from an initial target of Rp 300 billion to develop ports in support of the government’s maritime-axis...

The Ministry of Transport will allocate Rp 25 billion ($1.93 million) to fund a feasibility study for a new seaport location to replace the planned Cilamaya port project that was cancelled earlier. The feasibility study is...

Medco Energi Internasional, an oil and gas company, is looking to refinance its maturing debts of over $140 million through bank loans this year, and is looking to issue up to $370.64 million in medium-term notes as alternative...