Toll Road Project Funding Needs Reach Rp 75 Trillion

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01/09/2016 18:07 WIB

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2016 Land Acquisition Plan for Toll Road

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2016 Land Acquisition Plan for Toll Road

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The estimated cost of land acquisition for toll roads across Indonesia is Rp 75 trillion. The highest needs are for the non-Java trans-toll roads, at Rp 39 trillion, and the Sumatra trans-toll roads, at Rp 22 trillion.

As of 2016, the development of the Java trans-toll road has reached approximately 43 percent of its total length of 1,187.59 kilometers (km). The current land acquisition cost required from the Business Entity is Rp 7.2 trillion. This amount is a temporary fund that needs to be provided for the land acquisition process. The government will later reimburse the Business Entity's advance payment with compensation based on Bank Indonesia's benchmark interest rate.

For the Sumatra trans-toll road, approximately 15 percent of the total length of 2,732.09 km has yet to be cleared for construction. The government hopes that land acquisition can be expedited. With the issuance of Presidential Regulation No. 30 of 2015, land acquisition will utilize Law No. 2 of 2012.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."