Gov’t Agrees on Rp 18.6T Fresh Fund for Hutama Karya to Complete Sumatra Toll Roads
Jakarta. President Joko “Jokowi” Widodo has greenlit a fresh capital injection of Rp 18.6 trillion ($1.1 billion) for state-owned construction company Hutama Karya to speed up the construction of the Trans-Sumatra toll roads.
"In order to improve the capital structure and bolster the Hutama Karya’s capacity to undertake the construction pf the Sumatra toll road, it’s consider necessary to increase the Indonesian government’s investment in Hutama Karya," according to a decree signed recently by the president.
The allocated funds will enable Hutama Karya to conclude the remaining toll road projects, crucial for connecting all provinces across Sumatra.
The Jokowi administration initially targeted to complete the toll roads spanning from Lampung in the south to Aceh in the north of Sumatra Island before the president retires.
With just six months remaining in the president's final term, completing the entire project within the set timeframe appears increasingly challenging.
The project encompasses 2,704 kilometers and involves the development of 24 distinct road sections and arteries.
Tags: Keywords:The Latest
Ayase Ueda Scores Twice in Japan’s 4-0 Win Against Tunisia
Japan’s four goals were the most the Samurai Blue had ever scored in a World Cup game.Jakarta Completes Rasuna Said Revamp, Removes 109 Derelict Pillars
Jakarta has completed the transformation of Rasuna Said, removing 109 abandoned monorail pillars and upgrading public spaces.Curacao Earns First-Ever World Cup Point after Goalless Draw with Ecuador
Curacao goalkeeper Eloy Room made 15 saves against a relentless Ecuador attack, allowing The Blue Wave to earn a 0-0 draw.Germany Beats Ivory Coast 2-1 to Advance to World Cup Knockout Phase
Four-time champion Germany has come back from disappointing group stage exits in 2018 and 2022.Netherlands Routs Sweden 5-1 to Lead Group F
Sweden coach Graham Potter said the defeat was less about what his team did and more about just how good Netherlands played Saturday.Most Popular
