Ririe Ranggasari Laila Afifa TEMPO.CO, Jakarta - The Indonesia Investment Authority (INA) spent Rp20.5 trillion to acquire two Trans Sumatra Toll Road sections which were previously worked on by PT Hutama Karya (Persero) The two toll roads are Medan-Binjai and Bakauheni-Terbanggi Besar The investment transaction between INA and Hutama Karya was signed Thursday 13 July by Hutama Karya president director Budi Harto and INA's Board of Directors head Ridha Wirakusumah this collaboration is expected to have a multiplicative effect on the sustainable construction of JTTS and reduce corporate loans in building the Trans Sumatra Toll Road," Budi Harto said said this investment is a strategic position that can strengthen connectivity "We know Sumatra is very important for Indonesia that with the occurrence of this (JTTS) there are new economic centers and traffic continues to increase," said Kartika in a written statement on Thursday The transaction agreement is expected to increase investors' confidence and accelerate the completion of other JTTS segments the SOE Ministry also has a commitment to improve the investment climate of state-owned companies Editor's Choice: Foreign Investors Eyeing Trans Java Toll Road Click here to get the latest news updates from Tempo on Google News Prabowo Open to Meeting Retired Military Forum Urging Gibran's Impeachment Free Meal Poisoning Case, Prabowo Alludes to Students Eating Without Spoons Learn About the Outsourcing Practices Prabowo Intends to Scrap Prabowo: Bill Gates to Support Free Nutritious Meal Program in Indonesia Prabowo Rejects 'Puppet President' Label, Denies Jokowi's Control Manpower Minister Unveils Reasons Behind Over 24,000 Layoffs by April 2025 Prabowo Claims 99.99% Success Rate for Free Nutritious Meal Program Indonesia and Japan Deepen Strategic Alliance in Clean Energy and Infrastructure Jokowi Responds to Calls for VP Gibran's Impeachment Prabowo Praises Jokowi's Inflation Control in Cabinet Session, Denies Link to Gibran's Presence What Are the Cheapest Businesses to Start from Home Apple's AirTag Investment Not Significant for Indonesian Telecommunication Industry Indonesian Minister Reveals Korean Company Set to Invest in Danantara Minister: Apple Investments in Indonesia Unstirred by Looming Trade War Vale Indonesia Develops 3 Downstream Projects with Rp146.52tn Investment 19 South Korean Firms to Increase Investment by Rp30tn in Indonesia President Prabowo to Attend Danantara Townhall Meeting with SOEs Gibran Meet High-Ranking Officials from South Korean Companies OJK Reports Decline in Crypto Transactions The Pope's Role in Major Events of the Modern Era Prabowo to Host Cambodian Senate President This Afternoon Sistine Chapel Prepares for the Election of New Pope Anthony Albanese Makes Indonesia His First Visit After Winning Australian Election JYP Entertainment Apologizes for DAY6 Concert Chaos in Jakarta AJI, UNESCO Declare Commitment to Support Digital Security of Student Press BGN Chief Aims for Zero Accidents in Free Nutritious Meal Program Inside Sistine Chapel: 5 Key Facts About the Conclave's Iconic Venue Keanu Reeves and Sandra Bullock Reunite After 30 Years for New Film Project Exposing Trump's Move on Mike Waltz Dismissal List of Baeksang Arts Awards 2025 Winners KOSTCON 2025, the First Largest K-Drama OST Concert in Jakarta, to Take Place on August 2nd 10 Best Cities to Visit in Japan Besides Tokyo to Add to Your Bucket List 10 Recommended Budget-Friendly Tourist Destinations in the United States 2023 shows people picking pineapples with a picking machine at a pineapple planting garden in Terbanggi Besar of Lampung Province People pick pineapples with a picking machine at a pineapple planting garden in Terbanggi Besar of Lampung Province 2023 shows people loading pineapples onto a truck at a pineapple planting garden in Terbanggi Besar of Lampung Province 2023 shows people picking pineapples with picking machines at a pineapple planting garden in Terbanggi Besar of Lampung Province A worker shows a pineapple at a pineapple planting garden in Terbanggi Besar of Lampung Province A worker shows pineapples at a pineapple planting garden in Terbanggi Besar of Lampung Province ine toll road routes as long as 406.14 kilometers are set to be inaugurated in stages this year as part of President Joko “Jokowi” Widodo’s infrastructure push for better connectivity across the archipelago Indonesia Toll Road Authority (BPJT) head Danang Parikesit said the first of nine toll roads to be inaugurated this year was section II of the Cinere - Jagorawi (Cijago) toll road stretching 5.5 km from Raya Bogor to Kukusan. With progress on the toll road section having reached 100 percent The second toll road to open is the Terbanggi Besar - Pematang Panggang - Kayu Agung toll road which was constructed using Rp 21.95 trillion (US$1.54 billion) in investment “During the Idul Fitri holiday this year the toll road was functionally operational to support the exodus and return traffic the construction has reached 94.33 percent,” said Danang The third toll road is the first toll road in North Sulawesi which is section 1 to 2A of the Manado - Bitung toll road spanning 22.5 km from Manado to Danowudu Progress on the toll road section has reached 92.36 percent “This first toll road in North Sulawesi is expected to cut travel time from Manado to Bitung from 90-120 minutes previously to around 30 minutes,” said Danang The fourth toll road to be inaugurated this year is section 2-4 of the Balikpapan - Samarinda toll road in East Kalimantan which covers 66.4 km and is expected to be launched in October with progress having reached 96.71 percent The fifth and the sixth toll roads to be opened in November are the 11.14 km Kunciran - Serpong toll road in Banten and the 5.1 km section 4 of the Pandaan - Malang toll road progress on which has reached 94.24 percent and 97.1 percent respectively Another toll road to be inaugurated this year is section 1 of the Kayu Agung - Palembang - Betung toll road in South Sumatra stretching 33.5 km from Kayu Agung - Jakabaring with the current construction progress at 74.44 percent.  The last two toll roads set to open this year are section 1-2 of the Pekanbaru - Dumai toll road (33.6 km) in Riau and 36.4 km of the Jakarta - Cikampek II toll road the construction progress of which is now at 91.42 percent Quickly share this news with your network—keep everyone informed with just a single click Customize your reading experience by adjusting the text size to small or large—find what’s most comfortable for you.