JAKARTA (Yosefardi) – PT Indonesia Transport & Infrastructure Tbk (IATA) has bagged loan of Rp2 trillion from syndicated banks, used to fund toll road project, 15 km Ciawi-Sukabumi section, Investor Daily reported this morning.
IATA plans to start this project by June this year and targets to complete in the second quarter of 2016. The project costs around Rp2.9 trillion
IATA suffered loss of US$1.6 million in the first quarter of 2015, widened from loss US$1.2 million in the same period of 2014. Revenue was US$4.8 million, lower than previous US$7.6 million.