MTD Capital sees Indonesia toll road deal inked by month-end

Kuala Lumpur (Antara News) - MTD Capital Bhd is likely to sign a toll road project agreement in Indonesia by the end of this month, the Edge Daily reported, quoting the company's managing director Azmil Khalid.

Azmil said the company could not proceed with the signing until now as the Indonesian government has made moves to address several issues pertaining to risks sharing, land acquisition and default clauses.

The agreement involves the 33.9 km Cikarang-Tanjung Priok toll road project in Jakarta valued at some 250 mln usd.

MTD is undertaking the project with an Indonesian company, Nusa Cipta, on a 90:10 joint venture basis.

The Indonesian government, going all out to win investors, has announced a series of measures to allay investors' concerns, including those on land acquisition issues, the report said. (*)
_________________________
Jawawa.net: Indonesian Business and Investment News Aggregator