Jakarta, May 2021 – The world is embracing digitalization in an escalating direction. With the rapid demand of data usage, demand of data center is seen as a lucrative opportunity. Being a catalyst in sustainable development, PT Indonesia Infrastructure Finance (“IIF”) participated in its first-ever data center project funding into its portfolio. 

IIF provided senior term loan facility to a project company for the 1st phase development of data center located in Cikarang – Jababeka Industrial Estate (“Project”). With total project cost is amounting more than Rp900 billion, the facility will cover approximately 70% of its total project cost.

In the Project phase-1, Nuevo Asia Capital Pte Ltd (“Nuevo”) acted as financial advisor in arranging the transaction with IIF as the creditor. For the financing of the 2nd and 3rd phase of the Project, other than as a creditor, IIF will be also cooperate with Nuevo as Joint Lead Mandate Arranger.

Telecommunication is listed as one of the largest funding sectors under IIF’s portfolio. IIF had engaged in the deal of fiber optic backbone (Palapa Ring), internet service provider, telecommunication tower provider, and telecommunication operator. 

The signing ceremony was held at IIF’s headquarter and was conducted under strict health protocols. IIF’s CEO, Mr. Reynaldi Hermansjah and IIF’s CIO, Mr. Ramadhan Harahap presented in the ceremony together with CEO of the project company and from Nuevo, present was the Director, Ms. Yulianni Liyuwardi, 

IIF has 8 social and environmental principles, where all projects under IIF are required to be assessed based on these principles. This project is classified as a greenfield project and has completed the assessment for its social and environmental principles.  

“Big data has become a crucial part in our economy today. Infrastructure is beyond physical development namely roads and construction. Hence, IIF always spearhead ways to stay at the top of the development. This is an exciting achievement for IIF which we are grateful for and looking forward to upcoming phases of this project” as explained by Mr. Reynaldi Hermansjah, President Director of IIF.

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 January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.

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
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
corsec@iif.co.id