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Supporting Sustainable Infrastructure Financing, IIF Invests IDR 400 Billion in KIK EBA Syariah

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Jakarta, 10 November 2025 – Demonstrating its strong commitment to advancing sustainable infrastructure financing in Indonesia, PT Indonesia Infrastructure Finance (IIF) has participated in the purchase of the Syariah Asset-Backed Securities Collective Investment Contract (KIK EBA Syariah) BRI-MI Jakarta Lingkar Baratsatu worth IDR 400 billion. This KIK EBA Syariah marks the first of its kind in Indonesia.

This investment product issued by PT BRI Manajemen Investasi (BRI-MI) and is backed by PT Jakarta Lingkar Baratsatu’s Toll Revenue Rights derived from the Jakarta Outer Ring Road (JORR) W1 section connecting Penjaringan and Kebon Jeruk. Through this Sharia-compliant financial instrument, the funds raised will support the sustainability of operations and optimization of the toll road’s performance, which plays a crucial role in maintaining connectivity across the Greater Jakarta area.

Chief Investment Officer IIF, M. Ramadhan Harahap (Idhan) stated, “IIF’s participation in this investment reflects its ongoing commitment to sustainable infrastructure financing. Through Sharia-compliant capital market instruments, IIF continues to play an active role in expanding alternative financing mechanisms for national strategic projects while fostering collaboration between the financial and real sectors to drive inclusive and sustainable economic growth”.

The Jakarta Outer Ring Road (JORR) is a key component of Indonesia’s national road network, linking major toll road corridors throughout the Greater Jakarta (Jabodetabek) region. In particular, the JORR W1 section serves as a vital connector between the Inner City Toll Road, Soekarno-Hatta Airport Toll Road, Tangerang–Merak Toll Road, and Jagorawi Toll Road, facilitating smooth logistics flow and daily commuter mobility.

The existence of the JORR W1 toll road has significantly contributed to reducing traffic congestion in central Jakarta, improving interregional logistics efficiency, and enhancing economic integration between Jakarta, Tangerang, and Bekasi. With its high traffic volume, the toll revenue generated from this section provides a stable cash flow that underpins the financial viability of asset-backed securities such as the KIK EBA Syariah.

By participating in this KIK EBA Syariah, IIF reinforces its commitment to developing infrastructure that is inclusive, sustainable, and delivers a direct impact on improving connectivity and driving Indonesia’s economic growth.

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).

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:

Suli Indah Lestari
Interim 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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