Through Korean Exim Bank (KEXIM), the South Korean government has expressed interest in participating in the Batam-Bintan Bridge project using the public-private partnership (PPP) system in the Riau Islands. Aside from South Korea, numerous investors have expressed interest in participating in the Batam-Bintan Bridge project, which has an estimated investment value of IDR 8.8 trillion (up to USD 612 million).
According to the Indonesian Ministry of Public Works and Public Housing (PUPR), the Batam-Bintan Bridge project is a long-span bridge project that will apply cable-stayed technology and be a toll road stretching for 14.74 kilometers. The plan will be funded through two schemes, namely government assistance through a loan and PPP utilizing the minimum revenue guarantee (MRG) model.
The Riau Islands Provincial Government is now focused on conducting the feasibility study, acquiring lands, obtaining the environmental permit, and preparing the tender documents, among others. The development of the bridge between Batam and Bintan is expected to benefit the economy of the Riau Islands Province.
(Source: PWC)
