Indonesia Tourism Development Corporation (ITDC), developer of the Nusa Dua tourism area in Bali and the Mandalika Special Economic Zone in West Nusa Tenggara, signed an agreement with PT PP Tbk (PTPP) and syndicate loan facilities with state banks worth of Rp900 billion on Tuesday (July 15).

The construction of this project uses the PreFinanced Project scheme in order to develop the Mandalika Circuit area on an area of 52.5 hectares within the Mandalika Super Priority Tourism Destination area. The circuit has a track length of 4.31 kilometers and is the first highway circuit in the world to be built from the concept stage.