PT Indonesia Aims To Raise IDR4trn In Loans


News: Government-backed company PT Indonesia Infrastructure Finance plans to raise more than IDR4trn (USD347mn) in loans in 2014, up 60% from IDR2.5trn (USD216.8mn) in 2013, according to a statement by the company's President Director Sukatmo Padmosukarso on May 2. The company is engaged in providing long term funding for the construction of roads, power plants and airports in Indonesia and limits financing to a maximum of 35% of each project, said Padmosukarso. Indonesia needs to boost financing for its infrastructure projects as it already lags behind its neighbouring nations in the field, added Padmosukarso, who is holding discussions with potential investors from countries, including Singapore, Japan and Hong Kong (Bloomberg).

This article is tagged to:
Sector: Country Risk, Infrastructure
Geography: Indonesia