Sector : Road

Sub-Sector: Toll Road

Description:

This project is expected to play an integral part of East Java Road System. It is 172 km in length which connects Probolinggo and Banyuwangi, crossing three districts in East Java including Situbondo district. Each district has different potential resources which still should be developed.

Estimated Project Cost : USD 1,718.8 Million

Financial Feasibility:

FIRR : 11.17%

NPV : USD 45.9 Million

Estimated Concession Period : 35 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; investasi2.bpjt@gmail.com

Project Status:

The project is currently on PPP agreement signing phase.

Investor :

PT Jasamarga Probolinggo Banyuwangi

Financier :

Financial close through Contractor Pre-Financing (CPF)

Indicative Government Support & Guarantee:

-  Government Guarantee by IIGF

Implementation Schedule (Estimated):

Indicative Project Structure