JAKARTA- PT Indonesia Infrastructure Finance (IIF) has entered into a loan agreement for the amount of JPY 8 billion with Japan International Cooperation Agency (JICA) in Jakarta. The above mentioned agreement has an objective to provide the mobilization of private funds and contributing improvements of business and investment in Indonesia.
IIF, a private non-bank financial institution under the Ministry of Finance focusing on financing infrastructure development, which was established in 2010 as part of strategy of the Indonesian government and multilateral institutions to facilitate the commercial capital needed to fund the infrastructure sector in Indonesia. IIF has invested in highways, seaports, airports, telecommunications, Hydro and gas-fired power plant, and renewable energy. Year to date, IIF has expected to book a total of infrastructure loan commitments by more than Rp 13 trilion by the end of 2017.