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PROJECT

Project Information & Monitoring Update

03 Aug 2020 ROAD SECTOR

Preservation of the East Sumatra Cross Road

PT Penjaminan Infrastruktur Indonesia (Persero) / PT PII - one of the Special Mission Vehicles (SMV) of the Ministry of Finance of the Republic of Indonesia - has officially signed a Guarantee Agreement for the Government Cooperation with Business Entity (PPP) project for the preservation of Sumatra's East Cross Road in South Sumatra Province (Jalintim South Sumatra), witnessed by the Minister of Public Works and Public Housing (PUPR) RI Basuki Hadimuljono in Jakarta

The Sumsel Jalintim Preservation PPP project is the first PPP project in the Non-toll road sector in Indonesia, and has received a guarantee from the Government through PT PII. As one of the alternative financing schemes, this PPP project is a form of Government support for the community through infrastructure projects that have a major impact on economic improvement, namely through increasing connectivity between regions, especially those used as logistics, tourism, access roads to ports and airports, and savings in Vehicle Operating Costs (BOK) and the value of travel time. 

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Project Information

Signing Project 03 Aug 2020
financial close 22 Feb 2021
Project Value (IDR) IDR 0,98 Trillion
CA Minister For Public Works and Human Settlements
Business Entity PT Jalintim Adhi Abipraya
Characteristics 29,87 Kilometers
Schemas Design Build Finance Operate Maintain Transfer (DBFOMT)
Duration Of Guarantee 15 Years
Location South Sumatera