Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · King of the Road
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

King of the Road

Provincial and Badung Regional Governments Acquire Shareholdings in Bali's New Southern Toll Way


Bali News: Bali, Indonesia, Jasa Marga Toll Road, Shareholders
Click Image to Enlarge

(2/18/2013)

The provincial government of Bali has formally become a shareholder in PT Jasa Marga Tol – the operator of the new toll road set to soon connect Benoa – Ngurah Rai Airport – Nusa Dua.

The National New Agency Antara quotes the 2nd Assistant for the Provincial Government of Bali, Ketut Wija, on Thursday, February 14, 2013, who confirmed that the provincial government of Bali had invested Rp. 100 billion (US$10 million) in the road project.

In meeting its commitment to the project the province will pay its capital commitment in two phases: Rp 35 billion from the 2013 provincial budget and the remaining Rp. 65 from the subsequent budget.

“In this way, the total will reach Rp. 100 billion earning an 8.01% shareholding via shares with a nominal value of Rp. 1.6 million per share,” explained Wija.

The regency of Badung has also taken an 8.1% share in the project at the similar cost of Rp. 100 billion.

The shareholding by the province and the regency awaits final ratificaton from the Minister of Public Works and the agreement of a syndicate of creditors financing the road project that has an estimated total value of US$258 million.

Originally there were seven investors in the Bali toll way comprised of PT Jasa Marga, PT Pelindo III, PT Angkasa Pura I, PT Wijaya Karya, PT Adhi Karya, PT Hutama Karya and PT Bali Tourism Development Coorporation (BTDC).



PT Wijaya Karya has relinquished its shares allowing the province of Bali and the regency of Badung to each acquire an 8.1 % share in the project.

The number of total shareholder in the project with the addition of the province of Bali and the regency of Badung brings the current total number of shareholders to eight.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Indonesian Made Grills Considered the World’s Best BBQ
American Expat Dennis Linkletter Runs Company Making What is widely Considered the World’s Best BBQ Grill and Smoker in Bali
(8/21/2017)
Films on the Beach at Nusa Dua
Saturday Night at the Movies on the Beach at Ayodya Resort Bali with ‘Rocky Horror Picture Show’ - August 26th and M*A*S*H - September 2, 2017
(8/20/2017)
One Dead when Bus Plunges into National Park
One Dies in Inter-Provincial Bus Accident Near Bali Port of Gilimanuk
(8/20/2017)
Hyping the News on Property
‘The Australian’ Writing on Booming Bali Real Estate Market Dangerously Misleads Foreigners Looking to Purchase Property in Bali
(8/20/2017)
On the Beach an Orchestra’s Playing
Padma Resort Ubud and Padma Resort Legian Present the Jakarta Concert Orchestra September 2nd and 3rd 2017
(8/20/2017)
Marching for Country, Island, and Community
Sanur Community Stage Independence Day Torch-lit Parade to Protest Benoa Bay Reclamation
(8/20/2017)
Seeking to be of Service to India
Bali Discovery Now Represented in the Indian Market by Eazee Connect Respz in Mumbai
(8/20/2017)
A Recipe for Brat-Worse
Prosecutors Seeking Sentence Review and Harsher Sentence for Son of Bali Legislator Convicted of Murder
(8/20/2017)
Eliminating Dirty Cops
Bali Chief of Police Urges Execution on Site of Policemen Found Involved in Narcotics Trade
(8/20/2017)
Oh, Yes, Calcutta
Bali to Calcutta Flights by AirAsia Confirmed to Start on October 1, 2017
(8/20/2017)
Register to Swim, Run, and Cycle in Bali
Herbalife Bali International Triathlon Returns to Bali October 15, 2017
(8/20/2017)
Sekali Merdeka! Tetap Merdeka!
Passengers at Bali’s Airport Included in Indonesian Independence Day Celebrations on August 17-18, 2017
(8/20/2017)
All [News]!