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China Eximbank provides $198.7 million preferential buyer's credit for Phase 1 of Solo-Kertosono Toll Road Project
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Indonesia |
| Country | Indonesia |
| Start Date | Dec 29, 2015 |
| End Date | Sep 09, 2028 |
| Duration | 4,638 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 38769 |
Grant Description
China Eximbank provides $198.7 million preferential buyer's credit for Phase 1 of Solo-Kertosono Toll Road Project On December 29, 2015, China Eximbank and the Government of Indonesia signed a $198,772,235 preferential buyer's credit (PBC) agreement [China Eximbank PBC No (2015) 39 Total No (382)] for Phase 1 of the Solo-Kertosono Toll Road Project.
The proceeds of the PBC were to be used by the borrower to partially finance a $237 million commercial (EPC) contract between the Government of Indonesia’s Ministry of Public Works and Housing and China Road and Bridge Corporation (CRBC), which was signed on August 21, 2015.
The purpose of Phase 1 was to construct the two-way four-lane Saradan-Kertosono section of the Solo-Kertosono Toll Road (AH2), which is 38.39 km in length.
This project, which is located on the island of Java, also involved the construction of 23 bridges in 15 locations with a total length of 659 meters; construction of 1.32 km of access roads; construction of 9 overpasses and 29 underpasses; construction of 1 interchange; and construction of 1 pedestrian bridge.
CRBC and Indonesia's WIKA and PP companies were jointly responsible for project implementation. They originally anticipated a project implementation period of 1095 days. However, construction began in April 2015 and a project completion ceremony took place on December 20, 2018.
Staff Comments
1. The Chinese project title is 印尼梭罗至卡托索诺收费公路 or 印尼梭罗至卡托索诺收费公路一期工. The Indonesia project title is Proyek Toll Road Development of Solo-Kertosono Phase I.
Sources & References
- PINJAMAN DANA DARI CHINA AKAN DIGUNAKAN UNTUK MELANJUTKAN PEMBANGUNAN TOL SOLO- KERTOSONO
- Kamis Sore
- Presiden Jokowi Juga ‘Groundbreaking’ Pembangunan Jalan Tol Solo – Kertosono
- TRANS-JAVA TOLL ROAD: Solo - Kertosono Segment Threatened with Takeover
- Pinjaman Dana Dari China Akan Digunakan Untuk Melanjutkan Pembangunan Tol Solo- Kertosono
- List of Planned Priority External Loans (DRPPLN) 2014
- Tol Jatim-Jateng Rampung 2017
- Trans Jawa 2018
- Tol Solo-Kertosono Ditenggat Tuntas 2017
- PT Jasa Marga jajaki akuisisi tol Solo-Kertosono
- Pinjaman China disetujui, proyek tol Solo-Kertosono siap dikebut
- List of Chinese Government Loans from the Management Reports for Government Loans and Grants (2011-2018)
- LAPORAN PENGELOLAAN PINJAMAN DAN HIBAH PEMERINTAH SEMESTER II TAHUN 2015
- LAPORAN KINERJA PELAKSANAAN PINJAMAN DAN/ATAU HIBAH LUAR NEGERI TRIWULAN II TAHUN 2017
- 中国路桥与印尼公路总局签署梭罗高速项目一期商务合同
- 印尼梭罗至卡托索诺收费公路一期工程通车
- 印尼总统出席中国路桥承建的梭罗路项目通车仪式 原文網址
- Laporan kinerja instansi pemerintah 2017
- LAMPIRAN LAPORAN KINERJA PELAKSANAAN PINJAMAN DAN/ATAU HIBAH LUAR NEGERI TRIWULAN II 2018
- CRBC and Indonesia Highway Administration Sign the Commercial Contract for SOLO Expressway Project Phase I
- Indonesian President Attends the Opening Ceremony of Solo-Kertosono Toll Road
- 中交工程知多少！跟上总理的步伐一起来看看吧
- Solo–Kertosono Toll Road
- China Overseas Development Finance Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Indonesia
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