">Jakarta, 20 December 2024 – PT Indonesia Infrastructure Finance (IIF) has partnered with PT Brantas Abipraya (Persero) through the provision of a Rp250 billion working capital financing facility. This financing aims to support the development of approved infrastructure projects including the Patimban Access Toll Road Package 2 project in Subang, West Java.
IIF’s Interim Chief Executive Officer/Chief Financial Officer, Rizki Pribadi Hasan, expressed his gratitude for PT Brantas Abipraya’s (Persero) trust in utilizing IIF’s financial products and services. “We are proud to be able to collaborate and support the construction of the Patimban access toll road, considering the many economic benefits it can provide”, he said.
Spanning a total of 37.05 km, the construction of this toll road is divided into several packages of work. As part of Waskita – Abipraya JO, PT Brantas Abipraya (Persero) is entrusted with the completion of 6.2 km, which is part of Package 2 of the Patimban Access Toll Road.
As a National Strategic Project (PSN), this toll road is expected to improve connectivity to Patimban Port as one of the largest sea ports in Indonesia.
Over the past five years, IIF has been a strategic partner in the development of 10 toll road infrastructure projects in Indonesia, with a total commitment exceeding Rp4.1 trillion.
As a catalyst for sustainable infrastructure development, IIF believes that collaboration is the key to success in realizing quality infrastructure. The cooperation with PT Brantas Abipraya (Persero) is a concrete example of a strong synergy in supporting national development.
| PT Indonesia Infrastructure Finance PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on 15 January 2010 at the initiative of the Government of the Republic of Indonesia. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC). In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia. Further Queries: Nastantio W. Hadi Head of Legal and Corporate Secretary Division PT Indonesia Infrastructure Finance Telp: (021) 2991 5060; Fax: (021) 2991 5061; E-mail: [email protected] Social Media: · Instagram: @pt_iif · LinkedIn: IndonesiaInfrastructureFinance |