PT Indonesia Infrastructure Finance (“IIF”) relentlessly strives to become a catalyst in realizing sustainable infrastructure development across various sectors in Indonesia. Other than commercially viable, IIF further ensures that projects financed by the company is beneficial towards surrounding society of the projects. Currently, IIF’s financing portfolio is dominated by electricity, road and airport.

On July 10 2020, IIF strengthen its portfolio in the water sector. IIF signed a deal with PT Pembangunan Perumahan Krakatau Tirta (“PPKT”) amounting up to IDR 420 billion to be disbursed as a Senior Term Loan Facility for the Gresik Water Supply System (SPAM) Project. This project aims to develop water supply system in Gresik area with a capacity of 1,000 lps and to be distributed to industrial estates as well as approximately 90,000 house connection on 11 sub-districts (110 villages) from 18 sub-districts in Gresik Regency.

The implementation of this project is prepared by PDAM Giri Tirta Kabupaten Gresik as the Contracting Agency (“PJPK”). Consortium of PT Pembangunan Perumahan (Persero) Tbk (“PTPP”) and PT Krakatau Tirta Industri (“KTI”) is the winning bidder consortium (“BU”) for the Project and have formed an Implementing Business Entities (“BUP”) as the operator of the Gresik Water Supply System, namely PT Pembangunan Perumahan Krakatau Tirta (“PPKT”).

Signing of this senior term loan facility was held in IIF Office. Despite the event taking place amid COVID-19 pandemic, the event took place solemnly and continued to adhere to the application of health protocols. From IIF, the signing was executed by Bapak Reynaldi Hermansjah as the President Director, and from PPKT was Bapak Arijanto Trio Leksono as the President Director.

“This signing of senior term loan facility between IIF and PPKT is another milestone for IIF. Our sustainability approach is beyond the project delivery, we aspire to become not only a commercial institution but also beneficial to the community. We are aware of the significance of water supply, which is vital for people’s everyday lives. Again, we strive to become a development agent through persistence and sustainable steps. Because a journey of a thousand miles, must start with a single step” shared by Bapak Reynaldi Hermansjah, President Director of PT Indonesia Infrastructure Finance.