JAKARTA- PT Indonesia Infrastructure Finance (IIF) works with Asbanda (Regional Development Bank Association) in order to improve the implementation of infrastructure project financing program. This cooperation will strengthen IIF function as the catalyst for infrastructure investment in the region.
The signing of MoU (Memorandum of Understanding) by the President Director of IIF, Arisudono Soerono, and Asbanda Chairman, Kresno Sediarsi, who is also the Director of Bank DKI, is held on the sideline of the 2nd Annual Indonesia Infrastructure Finance Conference Euro Money with IIF as the main sponsor, at Grand Hyatt Jakarta, Tuesday (24/5).
"In near future, IIF will finance the commercially viable infrastructure projects through Asbanda development banks network, particularly to support the development strategy of financing and advisory services (consulting) on infrastructure projects, either the ones organized by the government, cooperation between enterprises and government, state-owned enterprises, as well as financing private sector for infrastructure projects," said Arisudono.
As the mandate given by the Government of the Republic of Indonesia, IIF aims to finance 8 infrastructure sectors, namely transportation, roads, irrigation, drinking water, wastewater, telecommunications and informatics, electricity, and oil & gas. The products offered by IIF include senior loan, refinancing, subordinated loan, equity investments, guarantees, standby loan, syndication, and financial advisor.