6. MANADO - BITUNG TOLL ROAD

LOCATION: North Sulawesi

Sector : Road

Sub-Sector : Toll Road



Description:

This toll road is one of the longest in Northern Sulawesi connecting from Manado City to Bitung City, approximately 39.9 km in length.

Estimated Project Cost : USD 396.0 Milion

Financial Feasibility:

FIRR : 12.20 %

NPV : USD 13.7 Million

Estimated Concession Period : 40 Years

Government Contracting Agency

: Indonesia Toll Road Authority ("BPJT") On Behalf of Ministry of Public Works and Housing

Contact Person

: Mr. Herry Trisaputra Zuna (Head of BPJT) +62-21-7258063;

e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com

Project Status:

Project is currently under construction (land acquisition stage)

Toll Road Company: PT. Jasamarga Manado-Bitung

1. PT Jasa Marga (Persero) Tbk.

2. PT Wijaya Karya (Persero) Tbk.

3. PT Pembangunan Perumahan (Persero) Tbk.

Financier :

Refinance BNI, BCA, Bank Mandiri and PT SMI

Indicative Government Support & Guarantee:

Necessity:

- Land acquisition risk

- Land fund risk

- Tariff adjustment risk

- Ramp up period

- Political risk

- Termination risk

Implementation Schedule (Estimated):

1. Preparation

: 2015

2. Land Acquisition

: 2016 - 2017

3. Construction

: 2017 - 2019

4. Operation

: 2019

Indicative Project Structure