The long-awaited Gilimanuk-Mengwi Toll Road project in Bali, which was delayed due to financial issues, is set to resume construction in mid-2025. This toll road, which will span 96.84 kilometers across three key regencies – Jembrana, Tabanan, and Badung – is expected to significantly enhance connectivity on the island. With a project cost of Rp. 25.404 trillion, this infrastructure upgrade will open up vast areas of Bali to new development opportunities.
The Toll Road Project Breakdown
The toll road will be constructed in three phases:
- Section One: From Gilimanuk to Perkutatan, covering 53.6 kilometers
- Section Two: From Perkutatan to Soka, spanning 24.3 kilometers
- Section Three: From Soka to Mengwi, extending 18.9 kilometers
The National Toll Road Agency (BPJT) has already begun the pre-qualification process for contractors, with final bids set to be submitted by February 3, 2025. The project is set to continue with renewed momentum, with local government officials, including Governor-elect Wayan Koster, working on securing land rights in key areas to facilitate construction.
Opportunities for Real Estate Investors
The resumption of the Gilimanuk-Mengwi Toll Road project has profound implications for real estate investment in Bali. Here’s why:
1. Improved Connectivity Boosts Development
As the toll road links previously isolated parts of Bali, expect areas along the route to see significant growth in both residential and commercial developments. Properties that were once considered out of reach will become prime spots for new infrastructure and investments.
2. Economic Growth and Business Hubs
Infrastructure improvements often trigger economic growth, and this toll road is no exception. As new transportation links open, it will create opportunities for commercial hubs and business districts, potentially increasing demand for office spaces, retail centers, and hotels along the route.
3. Rising Property Values
The improved accessibility and convenience provided by the toll road will likely lead to rising property values, particularly in regions close to the highway. Areas that were once remote could see their property prices surge as demand increases.
4. New Investment Opportunities in Undeveloped Regions
This project is expected to spread development more evenly across the island, offering new investment opportunities in areas that are currently underdeveloped or overlooked. Real estate investors can look into these areas before they experience rapid growth and price hikes.
What Real Estate Investors Need to Consider
For real estate investors, staying updated on the progress of this project is crucial. Areas along the toll road’s path are set to become some of Bali’s most sought-after locations for residential and commercial real estate. Engaging with local authorities and understanding future regional development plans will help investors make informed decisions about where and when to invest in Bali’s expanding market.
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