Trans Sumatera:

Connecting the Future of Indonesian in the West

Sumatera Development would become growth accelerator that in line with
Acceleration of MP3EI Spirit

Through MP3EI, will put Indonesia as

developed country the end of 2025 with
condition:

Income per capita: USD 14.250-USD 15.500

GDP: USD 4.0-4,5 Triliun

Economic growth is 6,4%-7,5% in 2011-2014 &

necessary: 8%-9% in 2015-2025

The decline of inflation: 6,5% in 2011-2014 become

3% tahun 2025
Source: MP3EI

Region Sharing for GDP

The Important of Sumatera’s Economic as growth 70%

2007
accelerator 60%
2012
50%
In order acceleration of economic growth and
40%
distribution of infrastructure building, Sumatera has
30%
highest GDP after Java, potentially to be developed
20%
faster, in which expected as “National Economic gate
to market of Europe, Africa, South Asia, East Asia and 10%
Australia. 0%

Source : BPS
Sumatera has experienced continuous economic growth and its potential is
even higher, yet growth has been hampered by poor connectivity

Sumatera’s economy has grown rapidly…

• 23.8 % of Indonesia’s GDP is generated in Sumatra

• Average GRDP growth is 5% per year (BPS, 2008-2011)
• Production and processing center of natural resources
and The National Energy Reserves

…And its potential is even greater…

Committed future investments in Sei Mengkei Special

Economic Zone are:
• IDR 3.74 Trillion in downstream palm oil sector
• IDR 2.45 Trillion in oleochemical industry
• IDR 537 Billion in fertilizer plants
There are large investment opportunities in palm
oil and coal downstream industry

Capital of
Province/Economic Center …But until now hampered by poor connectivity
Rubber plantation area Rail way • Waiting times at 4 key ports in Sumatra is 3-4 days,
Connecting line of resulting in significant cost increases for exporters.
Palm Oil Plantation area
Economic Center
Industry Cluster
• Shipment cost by land transportation to Medan,
Main Line to Exit Corridor
North Sumatera reaches IDR 10 million/TUE (double
Coal Mining area Existing Line the cost of container shipment from Tanjung Priok to
Domestic Cruise Network Port Belawan Port in Medan)
Source: Masterplan for Acceleration and Expansion of Indonesia Economic Development 2011-2025
 Trans Sumatera Toll Road Consist of Main Corridor (1.813 km) and
Supporting Corridor (795 km), 23 Segments Totally (2.608 km)
Banda Aceh
75
Sigli
135
Lhokseumawe
135
Langsa
110
Binjai
17
Sibolga

Medan
200

Tebing
60 Tinggi
Kisaran
100 Rantau
175 Prapat
Padang

185 Tinggi

Dumai
55 Bukit

126
Pekanbaru
175
Rengat
190
88 Indralaya
Bengkulu

Jambi
Linggau

191
125 Muara
95 Lubuk

Enim

Betung
Palembang
22

Koridor Utama
Kayu Agung
85 Koridor Pendukung
Pematang
100 panggang
Terbanggi
139 Besar
Bakauheni
 Trans Sumatera Toll Road is Necessary, It Can’t Be Delayed...

Length of Indonesia’s Toll Road during 35 years (1978-2013) is 742

km.

Competitiveness Index quality of road infrastructure in Indonesia

ranked 90 out of 146 countries. Logistic Performance Index ranked 59
out of 155 countries. Quality improvement of highway infrastructure is
needed to enhance the infrastructure competitiveness on free trade
era.

Construction of Trans Sumatra Highway, 2,608 km length, is an

integrated part of other infrastructure development programs. Some
toll roads have been tendered in 2005-2008, but did not get investors.

In an effort to accelerate of infrastructure development, the

government uses its authority to conduct toll road development,
through assignment to State Own Enterprise (BUMN) that are wholly
owned by the state.

...From the indicator, development of Trans Sumatera Toll Road can’t become discussion agenda only, it has to developed
as soon as possible.

The solution is needed to ensure Trans Sumatera project is developed according to the MP3EI target....
Toll Road Development Scheme

BOT SBOT/HYBRID O&M/LEASE Assigntment*

Private Gov Private Gov Private Gov SOE

Land
Acquisition √ √ √ √ √
Construction
√ √ √ √ √
O&M √ √ √ √

EIRR >>> EIRR >>> EIRR >>> EIRR >>>

FIRR >>> FIRR Marginal FIRR <<< FIRR <<<
Private : Toll Road Company *) PP 43 /2013
Gov : Government
SOE : State Own Enterprise
Illustration of Similar Context Where a Separate Government Entity
Model Have Been Preferred and Successfully Applied
Financial Feasibility (FIRR) of Trans Sumatera Still Low

Condition:
• IRR average is below
10% while IDR
commercial interest rate
is above 10%
• Projection of investment
cost is IDR 307 trillion

Source : PU-BPJT, Presentasi di

BKF bulan Februari 2013
 Development Phase of Trans Sumatera Toll Road, And Become a Road
Network in Sumatera
No Land Acquisition KM 2014 2015 2016 2017 2018
Banda Aceh 1 Stage I 304 29 177 98
2 Next Stage 2.304 484 668 1.152
PHASE 1 Comulative 2.608 29 206 788 1.456 2.608

PHASE 2 No Segment
1 Bakauheni-Terbanggi Besar
KM
139
2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
24 62 53

Medan PHASE 3 2 Medan-Binjai 17 17

Binjai 3 Pekanbaru-Dumai 126 35

15
44
7
47

4 Palembang-Indralaya 22
5 Terbanggi Besar-Pematang Panggang 100 10 10 20 60

6 Pematang Panggang-Kayu Agung 85 15 30 40

Sibolga Dumai 7 Dumai-Sp. Sigambal-Rantau Prapat 175 15 60 100

8 Rantau Prapat-Kisaran 100 15 30 55

9 Kisaran-Tebing Tinggi 60 20 40

Pekan Baru 10 Batu Ampar-Bandara Hang Nadim 25 6 19

11 Betung-Jambi 191 20 45 45 81

12 Jambi-Rengat 190 20 50 50 70

13 Rengat-Pekanbaru 175 25 50 100

14 Pekanbaru-Bukit Tinggi 185 20 50 50 65

Padang 15 Bukit Tinggi-Padang 55 10 45

Batam Jambi 16 Tebing Tinggi-Sibolga 200 15 50 50 85

Batu Ampar Indralaya Palembang

17 Indralaya-Muara Enim 88 10 25 53

18 Muara Enim-Lahat-Lubuk Linggau 125 20 30 30 45

19 Lubuk Linggau-Curup-Bengkulu 95 10 30 55
Kayu 20 Sigli-Banda Aceh 75 15 60

Hang Bengkulu
Agung 21 Binjai-Langsa 110 10
10
40
50
60
75
22 Langsa-Lhokseumawe 135
Nadim 23 Lhokseumawe-Sigli 135 20 50 65

Bandar Lampung Terbanggi Operation Lenght of Stage I (km) - 17 91 204 304

Bakauheni besar
Operation Lenght of Stage II (km) - - - 31 140 330 545
Operation Lenght of Stage III (km) - - - - - - 30 215 530 1.053 1.514 1.759
Total Operation Lenght (km) - 17 91 235 444 634 879 1.064 1.379 1.902 2.363 2.608

Phase 1 (2014-2018) Phase 2 (2016-2020)

Economically: Economically:
• Land is free relatively • Connecting the economic central of phase 1
• Economic center
• Have been tendered but not successfull Financially:
• After phase 1 is developed, traffic phase 2 corridor will be
Financally: generated because of economic centers connectivity.
• Is the best segments traffically, so that potential for sales
the consession for spesific period;
• Sales result from phase 1 can be used for next phase Tahap 3 (2019-2025)
• Trans Sumatera toll road as one network
Business Scheme of Trans Sumatera Toll Road

Government
Multi Donor Fund
ADB
State Governtment’s Loan
JICA
budget
1 SLA
WB

4 Govnt.
SLA
Injection
SOE
Direct
2 lending
Gov. Inj Government
guaranteed Corporate Investor
3 bond SOE Bank(s)
& direct PIP, SMI etc
lending
Local/Foreign Partner Market
Local Parnter SPV Equity Debt
Foreign Partner

Other SOE SOE Shareholder Loan (SHL)

bridging finance

Partner Commercial Loan

5 Partner Equity
HK 21%
Equity 30%
Partner 9%

Loan 70%
Source Of Fund Simulation: Phase I (4 Segments)

Investment Cost
(IDR Billion) Govr. Equity Direct Corporate
Injection Partner Lending Bond
6.481 2.777 10.980 10.627

Debt Service
Coverage Ratio

Segment ADSCR Min DSCR Ending Cash at the

lowest DSCR
Bakauheni - Terbanggi Besar 1,2 0,2 Rp 11.989 Billion Selling Concesion
7 x EBITDA
1,2 0,6 Rp 301 Billion

Pekanbaru – Dumai 3,6 0,7 Rp 381 Billion

Palembang – Indralaya 1,9 0,6 Rp 44 Billion

Medan – Binjai 2,7 -0,4 Rp 8 Billion

Total 3,4 0,3 Rp 15.822 Billion

Disburstment Investment Estimate

Source of Fund for 23 Segments exclude

Land Acquisition
Equity : Rp 92,26 trillion (30%)
Loan : Rp 215,37 trillion (70%)
Total : Rp 307,53 trillion

Source of Fund for 4 Segments exclude

Land Acquisition
Equity : Rp 9,26 trillion (30%)
Loan : Rp 21,6 trillion (70%)
Total : Rp 30,86 trillion
Financing Trans Sumatera Toll Road

Keseluruhan 23 Ruas

4 Ruas Tahap I
Financing of Bakauheni – Terbanggi Besar
Financing of Medan – Binjai

Pinjaman
menggunakan
direct lending
KMK untuk memenuhi
kebutuhan operasi
setiap awal tahun

Cicilan pokok pinjaman

dengan tenor 25 tahun
& grace period 7 tahun

Pengembalian KMK
setiap akhir tahun
Financing of Palembang – Indralaya
Financing of Pekanbaru – Dumai
Succesfullness of Development Scheme depent on sinergy that
created by related Stakeholder

Stakeholder Partisipation in Trans Sumatera Toll Road Development

• Giver assignment to SOE through “Peraturan Presiden”

Indonesian Government • Giving Capital injection Support and Guarantee of primary loan and loan interest that
obtained by PT.Hutama Karya for investment required

• Accepting Assignment from Indonesian Government

SOE as Toll Road Entreprises • Making Toll Road Development Agreement with Toll Road Institution
• developing Toll Road directly or join with another enterprises
• Forwarding Government loan to Toll Road Enterprises of each segments

• SOE stand alone or joint with another enterprises to created consortium Toll Road
Toll Road Entreprise or SPV Enterprise than it will called Special Purpose Vehicle (SPV)
• SPV have charge to develop certain Toll road

• Supporting Trans Sumatera Toll Road development by giving capital support to Toll
Equity Partner Road Enterprise or loan with certain requirement and provision.
• Partner come from State owned Enterprise or Regionally Owned Enterprise or Private
Company local and international

• Giving soft loan (long maturity and low interest) to SOE based on Government
Lender Institution
guarantee on primary loan and interest loan.
(Bilateral/Multilateral) • Could be Bilateral or multilateral institution or another financing institution such as PIP

• Absorbing Corporate bond that issued by Toll Road Enterprise to investment required.
Financing Institution
• Giving Capital work loan to operasional required
(Bank, Dana Pensiun, PT SMI, PT IIF)
• Could be State Owned Bank, Comersial Bank, Pension Fund, PT. SMI, or PT. IIF
Benefits of The Development of Trans Sumatra Highway On The
Acceleration For Economic Development

Benefits of The Development of Trans Sumatra Highway , such as:

1. Reduce the cost products through cost savings logistics. Nationally, the cost of logistics charge against the product was
14 % ( 24 % of GDB ). In the end of 2025 ( MP3EI) is targeted to the cost of logistics <10 %. Logistic cost of Sumatra
between 15 % to 20 % ( source GPEI ). The infrastructure development is expected to reduce the logistics cost of
Sumatra <12 % to support the target MP3EI.
2. Refers to the average long-term elasticity of infrastructure development, it will increase the value of GDP between Rp 10
trillion to Rp 15 trillion per year or 0.13% up to 0.19% per year.
3. Increase government revenues as tax revenue
4. Creating job opportunities between 70 thousand to 138 thousand outside labor during the construction period.
PALEMBANG – INDRALAYA

Betung EXIT 1 PALEMBANG STA 0+000

TAHAPAN KETERANGAN STA JARAK

SECTION 1 PALEMBANG – PEMULUTAN 0+000 s/d 7+100 7 KM Jln. Lingkar Selatan

Palembang
SECTION 2 PEMULUTAN – KTM 7+100 s/d 12+000 5 KM

SECTION 3 KTM - SP. INDRALAYA 12+000 s/d 21+930 10 KM

Kayu Agung
EXIT 2 PEMULUTAN

STA 7+100

Jln. Palembang – Indralaya

(existing)

EXIT 3 KTM
STA 12+000

Jln Tol K.Agung - Betung

EXIT 4 SP. INDRALAYA Jln Tol Plm - Indralaya
STA 21+930
Jln. Lintas Timur
MEDAN – BINJAI

STA 15+380
Tj. Mulia
Binjai

Semayang Helvetia
STA -1+720
STA 10+870 STA 5+920

Semayang – Binjai Helvetia -Semayang Medan - Helvetia

4,51 km 4,95 km 7,64 km

Main Road = 17,1 km

Access Road = 8,87 km
BAKAUHENI – TERBANGGI BESAR

1. Access Sunda’s Strait Bridge : 11 km

2. Bakauheni – Babatan : 27 km Seksi III :

Tegineneng –
3. Babatan - Tegineneng : 59 km Terbanggi Besar

4. Tegineneng - Terbanggi Besar : 42 km

Seksi II :
Babatan - Tegineneng

Seksi I :
Bakauheni -
Babatan

Jalan Tol
Penghubun
g JSS
 PEKANBARU – DUMAI

9,25 Km 23,95 Km 17 Km 26,3 Km 29,925 Km 25,075 Km

Pekanbaru Minas Petapahan Kandis Duri 1 Duri 2 Dumai

Rencana Jalan Tol Dumai – Sp.

Sigambal – Rantau Prapat

Kandis
Sta 50+200

Duri Utara
Petapahan Sta 106+450
Sta 33+200
Duri Selatan Sta 97+500
Sta 76+500

Minas Dumai
Duri Utara “
Sta 9+250 Sta 0+000
Sta 25+075

Pekanbaru
Sta 0+000 Seksi I : Seksi II : Seksi III :
Pekanbaru - Kandis Kandis – Duri Utara Duri Utara - Dumai