Jakarta, 11 December 2024 – In a strategic move to support of the government’s program to build 3 million houses and implement Transit Oriented Development in the South Tangerang area, PT Indonesia Infrastructure Finance (IIF) is collaborating to distribute financing worth IDR 300 billion to the National Housing Development Public Company (Perumnas).

The signing of the cooperation agreement was carried out directly by the Interim Chief Executive Officer/Chief Financial Officer of IIF, Rizki Pribadi Hasan and the Director of Finance of Perumnas, Sindhu Rahadian Ardita and witnessed directly by the Chief Investment Officer of IIF, Ramadhan Harahap (Idhan).

Rizki stated, “this financing facility is aimed at supporting Perumnas in developing sustainable communities through the Transit Oriented Development (TOD) concept. The goal is to create an integrated area that connects housing, offices, and business centers with easy access to public transportation.”

The TOD project covers the construction of three apartment towers and the revitalization of Rawabuntu Station in South Tangerang. There are 1,816 housing units, including a Simple owned apartments (32 floors) and two commercial apartment towers (each 34 floors). Additionally, the project encompasses public facilities, commercial areas, and parking spaces.

By seamlessly integrating housing, workplaces, and commercial spaces with public transportation, the TOD concept promotes sustainable urban development, reducing carbon emissions and stimulating the local economic growth.

This collaboration underscores IIF’s crucial role in fostering regional infrastructure development, aligning with Perumnas’ vision. As a catalyst for sustainable infrastructure development, IIF also supports the government’s objective of providing affordable housing for low and middle-income communities.

Perumnas has successfully developed numerous new residential areas that now serve as economic growth centers in various regions. This achievement has been facilitated by government support, including through the provision of State Capital Participation (PMN).

The project is expected to provide significant social and economic benefits to the community, such as improving quality of life, reducing social inequality, and promoting inclusive economic 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]

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