JAKARTA, KOMPAS.com – PT Trans Earth Serbaraja a consortium Sinar Mas Land, Astratel Nusantara (Astra Infrastructure), and Kompas Gramedia will realize the construction of Serpong toll road-Balaraja.
The assurance was obtained after PT Trans Earth Serbaraja signed a syndicated loan agreement with Bank Mandiri, BNI and PT Sarana Multi Infrastruktur (SMI) on Friday (12/16/2016).
Actual construction of Serpong toll road-Balaraja had already started with the construction of roads in STA 02 + 900 up to 04 + 100 on December 15, 2016 last.
“Sinar Mas Land through PT Trans Earth Serbaraja very pleased to be able to realize the toll Serpong-Balaraja this. Thanks to companies who join in signing the credit today, and we hope that this toll road project can be operated immediately, “said managing director of President Office Sinar Mas Land Dhony Rahajoe, in a press release received Kompas.com, Saturday (17/12/2016).
Toll Road projects Serpong-Balaraja triggered by Tangerang Regency Government in 2012 ago with the goal of providing an alternative path for developing and distributing development Tangerang area in the South, Central and West.
After arcing that, it took a long time in terms of process land acquisition, but in mid-2015 PT Trans Earth came out as the winning bidder Serbaraja investment.
-Balaraja Serpong toll road will be built along 30 kilometers and is divided into three sections. Section I is built along 9.3 kilometers of Serpong-Legok, Section II of Legok-Tigaraksa with a length of 10.7 kilometers, and Section III of Tigaraksa-Balaraja of 10 kilometers.
toll road construction is also expected to accommodate the development of the development City of Maja and Tangerang others.
“the presence of this toll is expected to increase demand in the construction projects of residential, commercial and industrial, also increase the economic growth of communities living in areas of Tangerang Regency that,” said Dhony.
the funds disbursed for the construction of Serpong toll road-Balaraja is Rp 6.2 trillion. Of this amount, Rp 4.3 trillion was financed by a syndicate of Bank Mandiri, BNI and PT SMI.
The remaining Rp 1.9 trillion comes from equity PT Trans Earth Serbaraja as the concession holder Serpong toll road-Balaraja .
In syndicated loans lasted 15 years, Bank Mandiri and BNI together into joint lead mandated arranger.
Through the signing of this credit, syndicated Bank Mandiri, BNI and PT SMI will provide facilities credit, to carry out the construction process that begins with the auction process contractor are currently underway.
“We are targeting to complete section 1 the Serpong-Legok in 2018,” concluded Dhony.
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