PT Jasa Marga Bali – the company building the elevated toll way connecting Benoa and Nusa Dua – is convinced that weather conditions will not delay the construction of the roadway. The road project commenced in March 2012 with an estimated cost of Rp. 2.4 trillion (US$258 million) and must be completed the by April 25, 2013.
30% of the total cost of the road project is being financed from cash reserves of the consortium members and 70% via a loan syndication arranged via Bank Mandiri, BRI, BNI, BCA, BTN and BPD Bali.
Quoted by Kompas.com, the director of PT Jasamarga Bali Toll (JBT), Akhmad Tito Karim, said” “We are using land transportation and sea transportation to bring construction materials. What’s more, cement used is being prepared in several cities in Java.”
Karim’s statements were made at the signing of a loan syndication for the JBT project held in Nusa Dua on Monday, July 9, 2012.
The toll way project managed by PT Jasamarga Bali Toll has a length of 9.12 kilometers and an access road of 1.597 kilometers in length. JBT is a consortium of 7 State-owned companies: PT Jasa Marga, PT Pelindo III, PT Angkasa Pura I, PT Pengembangan Pariwisata Bali, PT Wijaya Karya, PT Adhi Karya and PT Hutama Karya.
The project is estimate to have reached 15% of is completion, with 9 months remaining before the April deadline for completion,
The Toll Road is one of several major infrastructure projects scheduled for completion before the APEC Economic Summit scheduled to be held in Bali in November 2013.
[Benoa to Nusa Dua Toll Road: Not According to Plan?]
[Constructive Criticism Temporarily Halts Toll Project]
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