Bali Discovery Tours: Homepage
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Home Bali Contact Bali Practicalities Bali News Bali Services Bali Transportation Bali Sports Bali Excursions Bali Villas Bali Hotels
Home · News · King of the Road
Bali Hotels, Bali Villas and Bali News from balidiscovery.com
Bali Hotels
Bali Villas
Special Deals!
Packages
MICE Handling
Bali Excursions
Culinary - Dining
Guided Tour
Bali Spas
Bali Sports
Diving
Golf
Bali Transportation
Car Rental - Selft Drive
Private Jet Charter
Bali News
Bali Services
Bali Practicalities
Bali Contact
Bali Career
Home
 
Bali Update
Subscribe to our free weekly newsletter!
 
PATA header
PATA Gold Award 2007
Bali Update
PATA Gold Award Winner 2007
 
Bali Contact
Bali Discovery Tours
Komplek Pertokoan
Sanur Raya No. 27
Jl. By Pass Ngurah Rai,
Sanur, Bali, Indonesia

Tel:
++62 361 286 283

Fax:
++62 361 286 284

U.S.A. Fax:(toll free)
1-800-506-8633

U.K. Fax:
++44-20-7000-1235

Australian Fax:
++61-2-94750419

24h:
++62 812 3819724

Bali Discovery

SITE PATA ASITA
Bali News

King of the Road

Provincial and Badung Regional Governments Acquire Shareholdings in Bali's New Southern Toll Way


Bali News: Bali, Indonesia, Jasa Marga Toll Road, Shareholders
Click Image to Enlarge

(2/18/2013)

The provincial government of Bali has formally become a shareholder in PT Jasa Marga Tol – the operator of the new toll road set to soon connect Benoa – Ngurah Rai Airport – Nusa Dua.

The National New Agency Antara quotes the 2nd Assistant for the Provincial Government of Bali, Ketut Wija, on Thursday, February 14, 2013, who confirmed that the provincial government of Bali had invested Rp. 100 billion (US$10 million) in the road project.

In meeting its commitment to the project the province will pay its capital commitment in two phases: Rp 35 billion from the 2013 provincial budget and the remaining Rp. 65 from the subsequent budget.

“In this way, the total will reach Rp. 100 billion earning an 8.01% shareholding via shares with a nominal value of Rp. 1.6 million per share,” explained Wija.

The regency of Badung has also taken an 8.1% share in the project at the similar cost of Rp. 100 billion.

The shareholding by the province and the regency awaits final ratificaton from the Minister of Public Works and the agreement of a syndicate of creditors financing the road project that has an estimated total value of US$258 million.

Originally there were seven investors in the Bali toll way comprised of PT Jasa Marga, PT Pelindo III, PT Angkasa Pura I, PT Wijaya Karya, PT Adhi Karya, PT Hutama Karya and PT Bali Tourism Development Coorporation (BTDC).



PT Wijaya Karya has relinquished its shares allowing the province of Bali and the regency of Badung to each acquire an 8.1 % share in the project.

The number of total shareholder in the project with the addition of the province of Bali and the regency of Badung brings the current total number of shareholders to eight.


© Bali Discovery Tours. Articles may be quoted and reproduced if attributed to http://www.balidiscovery.com.

       

 
Bali News by Bali Update
Subscribe to the Bali Update
Receive the latest news from Bali by email!



Our [Privacy Statement] explains how we handle the data you are providing.

 
Bali News by Bali Update
Explore the Archive of the Bali Update
Find related articles in our news archive!




or try to use Google Search :

Home · Bali Hotels · Bali Villas · Bali Excursions · Bali Sports · Bali News · Site Map · RSS

Bali News: More News
Mount Agung, Less of a Threat
Experts Say Any Eruption of Mount Agung will Be Less Dramatic than 1963 Explosion
(11/15/2017)
A Getaway in a Manger
Bali Top Legislator on Police’s ‘Most Wanted’ List Found Hiding in a Cow Pen
(11/15/2017)
Indonesian Holidays 2018
The Official List of Indonesian Holidays for 2018
(11/14/2017)
You Have the Right to Remain Silent
Ojek Driver in Bali Suffers Critically Bitten Tongue When He Tries to Rape Woman Passenger
(11/14/2017)
Memories Out of the Shadow
Jan Mantjika at Bale Banjar Culture Club at Ayodya Bali Resort on Sunday, December 10, 2017 – A life in Bali from the Years of Living Dangerously to Modern Times
(11/12/2017)
High Fly with Wi-Fi on AirAsia
AirAsia Indonesia Offers Wi-Fi on Selected Domestic and International Fights
(11/12/2017)
DD’s Back in Town
Affordable and Authentic Source of Thai Cuisine Reopens in Sanur Village
(11/12/2017)
CT Corp’s Accord with Accor Hotel
CT Corporation and AccorHotels Sign Partnership to Develop 30 Hotels in Indonesia
(11/12/2017)
Building for the Future
Bali's Governor Flies to China to Seek Partners to Build Highways and Rail System
(11/11/2017)
Take this, You Dirty Fink!
Bali Immigration Authorities Refusing Entry to Members of Australian Bike Gangs
(11/11/2017)
Caught on the Run
Two Men In Custody in Murder of Dutch Expatriate in Jimbaran, Bali
(11/11/2017)
Rent Rate to Take Off
Buleleng Regency Seeking Rent Hike for North Bali Letkol Wisnu Airport
(11/11/2017)
All [News]!