Tag: Trans Sumatra

A Path to Progress: Trans-Sumatra

Even The Jakarta Post linked Jokowi’s ambitious infrastructure program with the collapse of Babat-Widang bridge in Tuban, East Java, which was built by Soeharto government in 1983. The largest English daily then came out with a headline ‘Safety standards still poor’, pointing to six other work accidents in infrastructure projects this year.

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Improved Infrastructure Outlook

President Joko ‘Jokowi’ Widodo has on Thursday (Mar 29) inaugurated Ngawi-Wilangan section (49 KM) of Ngawi-Kertosono under the trans-Java toll road program. In the meantime, Wilangan-Kertosono section (37.5 KM) is scheduled for commercial operation later this year because construction progress already reached 61%.

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Trans-Sumatra Toll So Far

As physical construction of toll roads in Sumatra Island advanced further, the government is now required to spend more resources in attracting investors, especially in the natural resources processing industries and consumer products to support the island with closer to 60 million population.

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Trans-Sumatra Toll Road: Show Me The Money!

Incumbent Lampung governor Muhammad Ridho Ficardo claimed investments entering the province surged to Rp5.3 trillion in the first 10 months of 2017 from around Rp4 trillion in full year of 2016. He pointed to growing interest from 47 companies submitted investment applications to the province’s Integrated Investment and Licensing Office (PTSP).

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Toll Road Projects Update (1): Trans-Sumatra

Waskita Karya (WSKT), the state EPC firm, has provided Rp3.09 trillion loan facilities to subsidiary PT Waskita Toll Road (WTR) to bridge-finance land acquisition of its toll road projects. Fellow state EPC firm Hutama Karya, which is tasked to develop the trans-Sumatra toll road, meanwhile, boosted allocation of bridge financing for land acquisitions in the island.

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