China Eximbank provide $92.99 million preferential buyer's credit for Phase 1 of Cileunyi-Sumedang-Dawuan Toll Road Project (Linked to Project ID#39363, #61397)

On November 12, 2012, China Eximbank and the Government of Indonesia signed a $92,999,886.66 preferential buyer's credit (PBC) agreement [CHINA EXIMBANK PBC NO. (2012) 35 TOTAL NO. (223)] for Phase 1 of the Cileunyi-Sumedang-Dawuan Toll Road Project (as captured via Project ID#61325). The PBC, which went into effect on March 11, 2013, carried the following borrowing terms: a 15-year maturity, a 3-year grace period, a 3% interest rate, and a 0.2% management fee. On March 3, 2016, the closing date of the PBC agreement was extended from March 11, 2016 to August 28, 2017. Then, on August 28, 2017, the PBC agreement was again extended from August 28, 2017 to December 21, 2017. As of December 21, 2017, $84,693,920 of the $92,999,886.66 PBC had been disbursed. Then, on June 13, 2016, China Eximbank and the Government of Indonesia signed a $219,398,580 preferential buyer's credit (PBC) agreement [CHINA EXIMBANK PBC NO (2015) TOTAL NO (389)] for Phase 2 of the Cileunyi-Sumedang-Dawuan Toll Road Project (captured via Project ID#39363). The PBC, which went into effect on September 30, 2016, carried the following borrowing terms: a 15-year maturity, a 3-year grace period, a 3% interest rate, a 0.2% commitment fee, and a 0.2% management fee. The closing date of this PBC agreement is June 13, 2021. Then, on May 7, 2018, China Eximbank and the Government of Indonesia signed a $130,387,425.76 preferential buyer's credit (PBC) agreement for Phase 3 of the Cileunyi-Sumedang-Dawuan Toll Road Project (captured via Project ID#61397). The Cileunyi-Sumedang-Dawuan Toll Road — also known as the Cisumdawu Toll Road — is a road that, upon completion, will pass through Cileunyi, Tanjung Sari, Sumedang, Cimalaka, Legok, Ujung Jaya and Kertajati. It will connect Padaleunyi Toll Road with Palimanan-Kanci Toll Road. It will also connect Bandung with Kertajati International Airport, which opened in 2018. The road is being built in 6 sections. Section I (or Phase 1): Cileunyi–Tanjungsari (12.0 km); Section II (or Phase 2): Tanjungsari–Sumedang (17.5 km); Section III (or Phase 3): Sumedang–Cimalaka (3.7 km); Section IV (or Phase 4): Cimalaka–Legok (7.2 km); Section V (or Phase 5): Legok–Ujungjaya (15.9 km); and Section VI (Phase 5): Ujungjaya–Dawuan (4.0 km). A consortium of Chinese and Indonesian companies — including the Shanghai Construction Group, Wijaya Karya and Waskita Karya — are responsible for building all the sections of the toll road. However, the Indonesian Ministry of Public Works and Housing, China MCC17 Group Co Ltd, and MCC Overseas Ltd are also involved in project implementation. A formal project commencement ceremony took place on November 29, 2012. As of June 2019, the project was still under implementation. On August 30, 2021, The Minister of Public Works and Public Housing, Basuki Hadimulijono noted that the construction for Cileunyi-Sumedang-Dawuan Toll Road Project (Phase 1) would be completed in September 2021. Then, on January 24, 2022, a ceremony for the completion Cileunyi-Sumedang-Dawuan Toll Road Project (Phase 1) took place.

Additional details

1. This project is also known as the Cisumdawu Toll Road Project. The Chinese project title is 万隆高速路 or 又称芝苏达乌公路 or 团印尼芝苏达乌公路项目.

Number of official sources

15

Number of total sources

24