Completed Mixed AidData Chinese Aid

China Eximbank provides $53.4 million preferential buyer's credit for Section 5 of Balikpapan Samarinda Toll Road Project (Linked to Record ID#67563)

$53.41M USD

Funder	Export-Import Bank of China (China Eximbank)
Recipient Organization	Government of Indonesia
Country	Indonesia
Start Date	Dec 29, 2015
End Date	Oct 09, 2026
Duration	3,937 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`61324`

Grant Description

China Eximbank provides $53.4 million preferential buyer's credit for Section 5 of Balikpapan Samarinda Toll Road Project On December 29, 2015, China Eximbank and the Government of Indonesia signed a $53,405,755.75 preferential buyer's credit (PBC) agreement [China Eximbank PBC No (2015) 42 Total No (385) and #1420103022012210000] for Section 5 of the Balikpapan-Samarinda Toll Road Project.

📋 Loan / Grant Terms

⏳ Grace Period5 years

💹 Interest Rate3%

The proceeds of the PBC were to be used by the borrower to partially finance an EPC contract with Beijing Urban Construction Group (BUCG), which was signed on September 23, 2015.

The purpose of the Balikpapan Samarinda Toll Road Project is to construct a 90.22 km expressway that seeks to connect the cities of Balikpapan and Samarinda in the East Kalimantan province. The construction of the road is divided into five sections. Section 1 is a 21.95 km segment that runs from KM 13 to Samboja.

Section 2 is a 30.05 km segment that runs from Samboja to Muara Jawa. Section 3 is an 18.2 km segment that runs from Muara Jawa to Palaran. Section 4 is a 17.15 km segment that runs from Palaran to Samarinda. Section 5 is an 11.09 km segment that runs from Km 13 Balikpapan to Sepinggan Airport. BUCG is the EPC contractor responsible for implementation.

Construction began on January 12, 2011, but was subsequently halted because of insufficient funding and the failure of the project developer — Jasa Marga Balikpapan Samarinda, a consortium consisting of Jasa Marga (55%), Wijaya Karya (15%), Pembangunan Perumahan (15%), and Bangun Tjipta Sarana (15%) — to purchase all required land.

Then, in November 2015, President Joko Widodo relaunched the construction of the toll road. The construction of Section 5 began on August 4, 2016. On December 17, 2019, sections 2, 3, and 4 were completed and opened for use. Section 1 and 5 are not yet complete.

Section 5 was anticipated to be completed in 2018, but did not receive its final engineering certificate until April 2023.

📋 Staff Comments

1. This project is also known as the Balsam Toll Road Project. The Chinese project title is 印度尼西亚巴厘巴板公路项目.

📚 Sources & References

Laporan Kinerja Penyerapan Pinjaman
Hibah dan Project Based Sukuk (PBS)
Menteri PUPR Desak Proses Pencairan Pinjaman Dipercepat
Balikpapan-Samarinda Toll Road
Balikpapan-Samarinda toll road is targeted for completion by the end of 2019
List of Chinese Government Loans from the Management Reports for Government Loans and Grants (2011-2018)
A Rp 6.98-Trillion Syndicated Loan for the First Toll Road in Kalimantan
First Toll Road in Kalimantan to be Built Soon
Balikpapan-Samarinda toll road inauguration: Constructing the new capital city gradually
Balikpapan–Samarinda Toll Road
LAPORAN PENGELOLAAN PINJAMAN DAN HIBAH PEMERINTAH SEMESTER II TAHUN 2015
Laporan kinerja instansi pemerintah 2017
LAMPIRAN LAPORAN KINERJA PELAKSANAAN PINJAMAN DAN/ATAU HIBAH LUAR NEGERI TRIWULAN II 2018
Balikpapan – Samarinda Road Development
Beijing Urban Construction Group Overseas Business Department (OBD) successfully signed highway project in Indonesia
北京市委常委、宣传部长杜飞进调研集团印度尼西亚代表处
国际部各项工程攻坚克难
Construction progress of Balikpapan-Samarinda toll road section 1 and 5 reach 99.93%
Balikpapan-Samarinda Toll Road Will be Fully Operational Soon and Sections 1 and 5 are Ready for Operating
China Overseas Development Finance
INFOGRAPHIC: Balikpapan-Samarinda Toll Road, the First Toll Road in Kalimantan
Infrastructure Update Indonesia: Balikpapan-Samarinda Toll Road
Balikpapan-Samarinda Toll Road to be Completed In 2019: Minister
Mitigating social-ecological risks from the surge in China’s overseas investment: an Indonesian profile
China’s Belt and Road Initiative in Indonesia: Mapping and Mitigating Environmental and Social Risks
中国进出口银行融资支持的印尼巴厘巴板至萨马林达高速公路第五标段项目完成终验 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.