Bank Mega to Finance Nusantara Infrastructure's Tollroad Project
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Wednesday, 25 April 2007 18:26:50
StockWatch (Jakarta) - PT Bank Mega Tbk (MEGA) will disburse IDR350-billion
loan to PT Nusantara Infrastructure Tbk (META) for financing the construction
of a tollroad project in Makassar (South Sulawesi) that will be implemented by
Nusantara Infrastructure's subsidiary PT Jalan Tol Seksi Empat.
The signing of the loan agreement was done today (25/4) at Bank Mega building,
witnessed by Public Works Minister Djoko Kirmanto and Bank Mega's president
commissioner Chairul Tanjung.
Nusantara Infrastructure's president Ramdani Basri said the project - which
called the section four tollroad project - is one that will support the
accelerated development of the integrated economic zone Mamminasata.
"It will help accelerate the development of Makassar city as the capital of the
South Sulawesi province and the center of the development of the Eastern
Indonesia Part," he said further.
The section four tollroad project is expected to be completed within 12 months
and to begin operation in June 2008 with operation period of 35 years, while
the total investment is projected at IDR534 billion.
Nusantara Infrastructure is an investment company, owner, operator of
infrastructure newtworks that include tollroads, power plants and water
treatment plants. (sup/bud)
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