In greenfield toll-road projects, financial sustainability has been a major issue. Many toll roads cannot be operated. Although most of Indonesia's 24 toll road concessions have already been signed by the Toll Road Authority, most of them were caused by financing problems. Three problems have...

There are three main problems in Indonesia toll road financing model. First, it is the lack of state budget and delayed funding distribution for land acquisition. The second problem is the lack of financial ability of the winning company which leads to financial closing failure. The third...

The financial sustainability has been a major issue in greenfield toll-road projects. Most of Indonesia's 24 toll road concessions already signed by Toll Road Authority, for instance, cannot be put in operation because of financing problems. Uncertainties of long-term project revenues,...