Housing-Estate.com, Jakarta – Serpong toll road construction-Balaraja will run more smoothly with’ve ditandantanganinya syndicated loan agreement between Bank Mandiri, Bank BNI and PT Sarana Multi Infrastruktur (SMI / Persero). The construction of this highway had already started last week in point STA 02 + 900 up to 04 + 100.
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Motorway Serpong-Balaraja undertaken by PT Trans Earth Serbaraja which is a business group of Sinar Mas Land (SML), Astratel Nusantara (Astra Infrastructure), and Kompas Gramedia. The project is to provide an alternative path for lane road is already very congested but to break up the density of the motorway Jakarta-Merak.
“The existence of this highway could provide access to and more importantly, encourage the development of areas that are still underdeveloped in Tangerang. This highway will increase the demand and development of residential projects, commercial and industrial, which in turn boost economic growth, “said Dhony Rahajoe, Managing Director of President Office SML in a press release received housing-estate.com, Monday (19 / 12).
-Serpong toll road project Balaraja is triggered by the Tangerang District Government in 2012 ago and initiated by SML which eventually took Astratel Nusantara and Kompas Gramedia. The length of this highway of 30 km will be done in three sections: Serpong-Legok (9.3 km), Legok-Tigaraksa (10.7 km), and Tigaraksa-Balaraja (10 km).
In addition to to accommodate traffic in Tangerang, this highway will also support the development of Kota Baru Maja is currently a center of low-cost housing development. This highway will cost Rp6.2 trillion which will be met by a syndicate of Bank Mandiri, BNI and PT SMI Rp 4.3 trillion, with a term of 15 years. The remaining Rp1.9 trillion closed from equity PT Trans Earth Serbaraja as this toll road concession holder.
Vice President Director of Bank Mandiri Sulaiman Arif Arianto added, has become the Bank’s commitment to support strategic infrastructure projects such as roads toll that would effectively improve business efficiency and create new economic center. “Toll road project has been a priority of the Bank. Our loan disbursements to this sector has reached Rp15.4 trillion, or about 15 percent of total credit commitments infrastructure that we distribute, “he added.
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