Indonesia Astratel to invest $147m in infrastructure projects

Photo by Vincencia NLS

Indonesia investment company and infrastructure developer PT Astratel Nusantara, will be investing Rp 2 trillion ($147.06 million) in infrastructure projects this year. Most of the fund will used to develop toll road projects in Java Island.

Astratel now has five toll road unit  – PT Marga Mandalasakti (in which it owns 79.3 per cent stake), PT Marga Harjaya Infrastrutur (100 per cent), PT Marga Trans Nusantra (40 per cent), PT Trans Marga Jateng (25 per cent) and PT Trans Bumi Serbaraja (25 per cent).

A unit of publicly listed PT Astra International Tbk (ASII) is also eyeing new infrastructure businesses such as airport, port, industrial estate and toll road, said the president director.

“We are always looking at opportunities to acquire new infrastructure projects across Indonesia. We just won one toll road tender in Jakarta areas and are studying another projects,” President Director Astratel Irawan Santoso told press on Monday.

According to Wiwiek D Santoso, director for Astratel, the company has joined hands with property developer PT Bumi Serpong Damai Tbk (BSDE) and Kompas Gramedia Group  to develop Serpong – Balaraja toll road in Banten Province. An estimated investment of up to Rp5.8 trillion is needed for the project.

Astratel is also exploring another toll road projects in Java Island, she added.

Other project being developed by the company is Astra Port and Logistic Center for mining, oil and gas (Eastkal) at Balikpapan. Eastkal has capacity 2,500 tonnes a year in the land areas 3,712 square meters (m2), warehouse 10,000 m2 and 4,000 m2 on the sea.

President Director of Eastkal Billy P Kadar explained that the company is in talks with two oil & gas producer to build warehouse in the existing location and other areas.

Astratel is also in process of building logistic centers for Astra Group units like a heavy equipment for Komatsu in Cilincing, Jakarta.

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.