State-run construction firm Adhi Karya (ADHI), Wijaya Karya (WIKA), together with China’ Sino Road and Bridge Group Co. Ltd., signed a new contract to build Serang–Panimbang Toll Road in Banten province. The project has value of Rp4.1 trillion.
In the consortium, the majority stakes is held by Sino Road (55%), while government-owned firms hold 22.5% each. The toll road has a length up to 33 kilometers (km) and will connect Serang, Lebak and Pandeglang districs. This work is planned to be carried out in two years.