Indonesian toll road operator, PT Jakarta Tollroad Development (JTD) signed a syndicated loan agreement worth of Rp13.7 trillion. The loan agreement involved 29 Joint Mandated Lead Arranger & Book-runners.
According to JTD’ Managing Director Frans Sunito, this loan will be used to finance the construction of Semanan – Sunter and Sunter – Pulo Gebang sections, which are part of the six inner-city toll road segments in Jakarta Great Area.
He added, that the construction of phase 1, starts from Section A (Kelapa Gading – Pulo Gebang) began since January 2017 and is planned to be completed and operational in the second half of 2019. Its expecting the whole phase 1 will operate in 2021.