Daily News Briefs, October 15, 2019

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China Communications Construction Bargains for a Stake in Indonesian Toll Road Company

Reuters reports, China Communications Construction Company’s Indonesian subsidiary will pay US$1.65 billion to buy a large, but minority stake in a unit of Indonesia’s state-owned toll road operator, PT Jasa Marga. The Jasa Marga business unit reportedly holds the contract to build the 106-mile-long Probolinggo to Banyuwangi toll road.

China Indonesia Infrastructure Investment Trends

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These are just some of the toll industry developments TRN is following.

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