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#36864 - 24 Nov 06 05:29 ANT/Macquarie to finance Indonesian toll road project
biznews Moderator Offline
Pujangga Besar

Registered: 24 Apr 08
Posts: 7508
Loc: Jakarta
Macquarie to finance Indonesian toll road project

Jakarta (Antara News/Asia Pulse) - Australia's Macquarie Group has agreed to provide a Rp6.6 trillion (US$733 million) loan to build the Solo-Ngawi-Kertosono toll road project.

Head of Toll Road Regulatory Body (BPJT) Hisnu Pawenang said Macquarie may provide a long term loan with guarantee in the form of revenue from the toll road after it is operational.

Hisnu said Macquarie has a special investment mechanism for infrastructure projects offering a long term loan, a system not owned by banks.


The Solo-Ngawi-Kertosono toll road project in Central Java is still in the stage of pre-qualification tender, with government approval not yet finalised.

Source:
Business in Asia Today - Nov 23, 2006
published by Asia Pulse
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#36869 - 24 Nov 06 05:41 Re: ANT/Macquarie to finance Indonesian toll road project [Re: KuKuKaChu]
KuKuKaChu Moderator Offline
Pooh Bah

Registered: 09 Oct 05
Posts: 10790
Loc: Centre of the Universe
ho hum, you say. aussie bank invests in indonesian toll roads. but wait: the very same day, they announce a major move into a gambling cash cow in Europe ... which means, of course, that indoensian toll roads will be at least partly financed from the proceeds of gambling!!

will this mean that these toll roads will be "haram" to muslims? where does the MUA stand on this? or more interestingly, where does the MMI stand on this issue?



Tatts, Macquarie Bank team on European market

Sydney (Antara News/Asia Pulse) - Australia's Tattersall's Ltd (ASX:TTS) and Macquarie Bank Ltd (ASX:MBL) have teamed up to move into the European gaming market, acquiring the British gaming machine operator Talarius Plc for A$338 million ($US260.01 million) as a first step.

The Victorian-based lotteries and poker machines operator and Australia's largest investment bank have formed a joint venture, called European Gaming Ltd, to pursue other opportunities in the European gaming sector.

Talarius, the largest adult gaming centre operator in the United Kingdom, has agreed to the offer, which values it at STG137.2 million ($A337.5 million).

Source:
Business in Asia Today - Nov 23, 2006
published by Asia Pulse
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