China Communications Construction unit to invest $1.65 billion in Indonesian toll road
JAKARTA (Reuters) - China Communications Construction Co’s (601800.SS) Indonesian subsidiary will buy a stake in a company which won a contract to build a 170-km (106 miles) toll road in the southeast Asian country.
PT China Communications Construction Indonesia (CCCI) will pay 23.3 trillion rupiah ($1.65 billion) for a stake in PT Jasamarga Probolinggo Banyuwangi, a unit of Indonesian state-owned toll road operator Jasa Marga (JSMR.JK), Bambang Brodjonegoro, Indonesia’s planning minister said.
The Jasa Marga unit will build a toll road connecting the city of Probolinggo to Banyuwangi in the eastern side of the main Java island, Brodjonegoro’s presentation showed.
Jasa Marga, which currently controls 94% of the subsidiary, will aim to maintain at least a 51% stake in its unit, its director Adrian Priohutomo said, though he did not disclose how much capital the state firm would have to provide to maintain that level.
“When CCCI enters, we will maintain our majority, to what percent will depend on the result of the due diligence,” he said.
Priohutomo said the company is currently holding a tender for the construction of the first 30 km, aiming to break ground next year.
Minister Brodjonegoro also witnessed customised supply chain financing agreements between ICDX Logistik Berikat, a subsidiary of Indonesia’s commodity exchange, with state construction firm Wijaya Karya and Jasa Sarana, a construction company owned by the West Java government, worth a total of 6 trillion rupiah.
The planning ministry has been arranging infrastructure financing deals to reduce the state’s funding burden.
Source: Reporting by Tabita Diela, editing by Louise Heavens; Writing by Gayatri Suroyo
https://www.reuters.com/article/us-indonesia-china-communications/china-communications-construction-unit-to-invest-1-65-billion-in-indonesian-toll-road-idUSKBN1WT1I5
PT China Communications Construction Indonesia (CCCI) will pay 23.3 trillion rupiah ($1.65 billion) for a stake in PT Jasamarga Probolinggo Banyuwangi, a unit of Indonesian state-owned toll road operator Jasa Marga (JSMR.JK), Bambang Brodjonegoro, Indonesia’s planning minister said.
The Jasa Marga unit will build a toll road connecting the city of Probolinggo to Banyuwangi in the eastern side of the main Java island, Brodjonegoro’s presentation showed.
Jasa Marga, which currently controls 94% of the subsidiary, will aim to maintain at least a 51% stake in its unit, its director Adrian Priohutomo said, though he did not disclose how much capital the state firm would have to provide to maintain that level.
“When CCCI enters, we will maintain our majority, to what percent will depend on the result of the due diligence,” he said.
Priohutomo said the company is currently holding a tender for the construction of the first 30 km, aiming to break ground next year.
Minister Brodjonegoro also witnessed customised supply chain financing agreements between ICDX Logistik Berikat, a subsidiary of Indonesia’s commodity exchange, with state construction firm Wijaya Karya and Jasa Sarana, a construction company owned by the West Java government, worth a total of 6 trillion rupiah.
The planning ministry has been arranging infrastructure financing deals to reduce the state’s funding burden.
Source: Reporting by Tabita Diela, editing by Louise Heavens; Writing by Gayatri Suroyo
https://www.reuters.com/article/us-indonesia-china-communications/china-communications-construction-unit-to-invest-1-65-billion-in-indonesian-toll-road-idUSKBN1WT1I5
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PT China Communications Construction Indonesia (PT CCCI) is a subsidiary company of CCCC (China Communications Constructions Company), a major player in infrastructure namely bridges, highway, railways and including ports. CCCC’s extensive experience and capabilities in port development make it a key player in the global infrastructure sector and driving significant development in international trade and logistic. Therefore, earlier this year, PT. CCCI was pleased that it has officially appointed as the strategic partner for ABUPI. Both PT. CCCI and ABUPI hope that this partnership could lead to a synergistic relationship where both parties benefit from shared knowledge, resources, and strategic initiatives. By leveraging its strengths and resources, PT. CCCI can significantly enhance ABUPI’s capabilities, driving growth and success for both organizations.
PT China Communications Indonesia’s Business Development Director, Ms Titien Syukur attended The Association of Indonesian Port Business Entities (ABUPI) National Seminar and National Working Meeting (Rakernas) which was held Thursday, June 6, 2024, at the Aryaduta Hotel Menteng, Jakarta.
Present at this national seminar was the Minister of Transportation, Budi Karya Sumadi who was officiated and opened the seminar. The Minister of Transportation emphasizes the port as a key logistics hub and with effective operation, good corporate governance, and high service and technical standards will make it an asset for supporting Indonesia Emas 2045. He stressed the need to improve infrastructure and technology, enhance human resources and competencies, and foster synergy among business players. He commended ABUPI for organizing the seminar with various associations and stakeholders in attendance.
This National Seminar presented 4 speakers themed “Port Services Industry as a Bridge to a Golden Indonesia 2045”, the 4 speakers include Director General of Maritime Affairs Antoni Arif Priadi, Representative from KADIN Khoiri Sutomo, Representative of the Indonesian National Shipowner Association Darmansyah Tanamas and General Chair of the Indonesian Logistic and Forwarder Association Akbar Djohan.
In the National Seminar, the 4 speakers conveyed that there are several main requirements for ports to achieve a Golden Indonesia 2045, namely adequate infrastructure, availability of human resources, application of technology, planning and economic growth as well as public and private collaboration for port infrastructure.
The outcomes of the National Working Meeting encompassed key initiatives, such as establishing a task force to assess diverse port sector regulations, forging partnerships with global port associations, and establishing a dedicated committee in preparation for the 2025 ABUPI National Conference.
PT China Communications Indonesia’s Business Development Director, Ms Titien Syukur attended The Association of Indonesian Port Business Entities (ABUPI) National Seminar and National Working Meeting (Rakernas) which was held Thursday, June 6, 2024, at the Aryaduta Hotel Menteng, Jakarta.
Present at this national seminar was the Minister of Transportation, Budi Karya Sumadi who was officiated and opened the seminar. The Minister of Transportation emphasizes the port as a key logistics hub and with effective operation, good corporate governance, and high service and technical standards will make it an asset for supporting Indonesia Emas 2045. He stressed the need to improve infrastructure and technology, enhance human resources and competencies, and foster synergy among business players. He commended ABUPI for organizing the seminar with various associations and stakeholders in attendance.
This National Seminar presented 4 speakers themed “Port Services Industry as a Bridge to a Golden Indonesia 2045”, the 4 speakers include Director General of Maritime Affairs Antoni Arif Priadi, Representative from KADIN Khoiri Sutomo, Representative of the Indonesian National Shipowner Association Darmansyah Tanamas and General Chair of the Indonesian Logistic and Forwarder Association Akbar Djohan.
In the National Seminar, the 4 speakers conveyed that there are several main requirements for ports to achieve a Golden Indonesia 2045, namely adequate infrastructure, availability of human resources, application of technology, planning and economic growth as well as public and private collaboration for port infrastructure.
The outcomes of the National Working Meeting encompassed key initiatives, such as establishing a task force to assess diverse port sector regulations, forging partnerships with global port associations, and establishing a dedicated committee in preparation for the 2025 ABUPI National Conference.
PT Celebes Railway Indonesia, a subsidiary of PT China Communications construction Indonesia has collaborated in the event activities with the Directorate General of Railways on the Rail + Metro China 2024 event that took place on 5th to 7th June in Shanghai. The event stands as one of the premier business-to-business platforms across China and the Asia-Pacific region, serving as a pivotal event for trade, procurement, and promotion within the rail transit sectors.
From that event, the Directorate General of Railways, the Ministry of Transportation had offered 3 potential projects for Indonesia’s railways development to Investors. The three projects are the Bandung Urban Rail Train (KA), Airport Train and Urban Train in the Capital City of Nusantara, East Kalimantan. All three projects were part of the Directorate General of Railways 2024 Strategic Plan.
PT China Communications Construction Indonesia’s Technical Director, Mr Rosa Bovananto and currently representing PT.CCCI as the Operation & Maintenance Director in PT.CRI was participated in the event. This exhibition is committed to delivering actionable industry insights and enhancing its standing within the sector by emphasizing the calibre and substance of its conference offerings. Attendees have the opportunity to engage through attending presentations, exhibiting on showroom floors, and presenting their cutting-edge technologies and product advancements to fellow industry experts.
Other business entities from Indonesia that took part of the event include; PT Adhi Karya Tbk, PT Wijaya Karya Beton Tbk, PT Kereta Cepat Indonesia China, PT. Kereta Commuter Indonesia and PT Len Railways System.
From that event, the Directorate General of Railways, the Ministry of Transportation had offered 3 potential projects for Indonesia’s railways development to Investors. The three projects are the Bandung Urban Rail Train (KA), Airport Train and Urban Train in the Capital City of Nusantara, East Kalimantan. All three projects were part of the Directorate General of Railways 2024 Strategic Plan.
PT China Communications Construction Indonesia’s Technical Director, Mr Rosa Bovananto and currently representing PT.CCCI as the Operation & Maintenance Director in PT.CRI was participated in the event. This exhibition is committed to delivering actionable industry insights and enhancing its standing within the sector by emphasizing the calibre and substance of its conference offerings. Attendees have the opportunity to engage through attending presentations, exhibiting on showroom floors, and presenting their cutting-edge technologies and product advancements to fellow industry experts.
Other business entities from Indonesia that took part of the event include; PT Adhi Karya Tbk, PT Wijaya Karya Beton Tbk, PT Kereta Cepat Indonesia China, PT. Kereta Commuter Indonesia and PT Len Railways System.
On Tuesday June 4th, China Communications Construction Indonesia attended 20th Indonesia City Expo (ICE) held in Balikpapan Sport and Convention Center, a collaboration by The Balikpapan City Government (Pemkot) with Kinarya Ciptra Kreasi. The event itself was a series of the XVII National Working Meeting (Rakernas) of the Association of All Indonesian City Government (APEKSI) in 2024.
The 20th ICE event presented 155 exhibition stands, food trucks and the ICE Business Forum. The ICE Business Forum event is a seminar that discusses regional development which was attended by members of APEKSI and Investors from within and outside the country. The forum presented speakers such as Insyafiah, Director of Funding and Investment of IKN Authority, Saribua Siahaan from the Indonesian Ministry of Investment, Gensly from the Indonesian Ministry of Home Affairs, Budi Widihartanto from Bank Indonesia East Kalimantan.
On this occasion, the speakers explained several presentations related to economic development trends in urban areas and the future, and how smart city development, can help economic transformation and economic growth in various regions in Indonesia.
The 20th ICE event presented 155 exhibition stands, food trucks and the ICE Business Forum. The ICE Business Forum event is a seminar that discusses regional development which was attended by members of APEKSI and Investors from within and outside the country. The forum presented speakers such as Insyafiah, Director of Funding and Investment of IKN Authority, Saribua Siahaan from the Indonesian Ministry of Investment, Gensly from the Indonesian Ministry of Home Affairs, Budi Widihartanto from Bank Indonesia East Kalimantan.
On this occasion, the speakers explained several presentations related to economic development trends in urban areas and the future, and how smart city development, can help economic transformation and economic growth in various regions in Indonesia.
Makassar, sulselprov.go.id — Indonesian President Joko Widodo (Jokowi) inaugurated the operation of the Makassar-Parepare Inter-Maros-Barru train line, Wednesday, March 29 2023. The inauguration took place at the Maros Railway Depot, Maros Regency.
The President hopes that this railroad line will not only be a transportation option for the community but can also reduce logistics costs while at the same time increasing the competitiveness of South Sulawesi and Indonesia as well.
"If later there are really a lot of trains, there are for passengers, there are for tourism, there are for goods, this will give competitiveness, our country's competitiveness will be even better because goods are transported by cheap means of transportation," said President Jokowi.
Accompanying the President, among others, Coordinating Minister (Menko) Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Transportation (Menhub) Budi Karya Sumadi, Cabinet Secretary (Seskab) Pramono Anung, Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia , as well as the Governor of South Sulawesi Andi Sudirman Sulaiman.
Meanwhile, the Governor of South Sulawesi, that the presence of this train is very welcome. Because it will facilitate people's mobility and logistics transportation.
“And of course this is very welcome. Because previously you had to bring your own vehicle to the airport, now there is a shuttle bus that connects to the train and goes straight to the airport," said Andi Sudirman.
One of the highlights is that the railway line in South Sulawesi passes through many tourist attractions. Among them, the Kars Rammang-Rammang Geopark which last year was nominated for the UNESCO Global Geopark (World Earth Park).
“Lots of tourists come. Incidentally, this terminal is connected to Rammang-Rammang," he explained.(*)
Source: https://sulselprov.go.id/welcome/post/resmikan-jalur-kereta-api-makassar-parepare-presiden-sebut-tingkatkan-daya-saing-sulsel
The President hopes that this railroad line will not only be a transportation option for the community but can also reduce logistics costs while at the same time increasing the competitiveness of South Sulawesi and Indonesia as well.
"If later there are really a lot of trains, there are for passengers, there are for tourism, there are for goods, this will give competitiveness, our country's competitiveness will be even better because goods are transported by cheap means of transportation," said President Jokowi.
Accompanying the President, among others, Coordinating Minister (Menko) Maritime Affairs and Investment Luhut Binsar Pandjaitan, Minister of Transportation (Menhub) Budi Karya Sumadi, Cabinet Secretary (Seskab) Pramono Anung, Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia , as well as the Governor of South Sulawesi Andi Sudirman Sulaiman.
Meanwhile, the Governor of South Sulawesi, that the presence of this train is very welcome. Because it will facilitate people's mobility and logistics transportation.
“And of course this is very welcome. Because previously you had to bring your own vehicle to the airport, now there is a shuttle bus that connects to the train and goes straight to the airport," said Andi Sudirman.
One of the highlights is that the railway line in South Sulawesi passes through many tourist attractions. Among them, the Kars Rammang-Rammang Geopark which last year was nominated for the UNESCO Global Geopark (World Earth Park).
“Lots of tourists come. Incidentally, this terminal is connected to Rammang-Rammang," he explained.(*)
Source: https://sulselprov.go.id/welcome/post/resmikan-jalur-kereta-api-makassar-parepare-presiden-sebut-tingkatkan-daya-saing-sulsel