SOEs Get US$50bn Loan from Chinese Banks

Translator

Editor

Senin, 27 April 2015 13:32 WIB

Menteri BUMN Rini Soemarno (kanan) dalam Rapat Kerja bersama Komisi VI DPR RI di Kompleks Parlemen Senayan, Jakarta, 19 Januari 2015. Dalam rapat tersebut Menteri BUMN mengusulkan agar sebanyak 35 perusahaan pelat merah mendapatkan suntikan anggaran sebesar total Rp 48,01 triliun. TEMPO/Dhemas Reviyanto

TEMPO.CO, Jakarta – State-owned enterprises a US$30-billion loan from the China Development Bank (CDB) and US$20 billion from the Industrial and Commercial Bank of China (ICBC). The loan is aimed at helping SOEs fund infrastructure development.


SOE Minister Rini Soemarno said allocations are still being discussed, but US$10 billion has been decided to go to transmitter and power plant construction.


The remaining US$40 billion is likely to be allotted to PT Aneka Tambang Tbk, to help the miner finalizes its smelter development plan, issue bonds, and construct railways.


The loan is also expected to be allocated to the shipbuilding program managed by PT Pelni (Persero) and the Jakarta-Bandung bullet train project by PT Wijaya Karya (Persero) Tbk.


"Also for some ports," Rini said at the House of Representatives building on Friday, April 24, as bisnis.com reported.


Rini hopes the loan could be disbursed sometime in July this year.


BISNIS.COM | RR

Related News

Elevated Toll Road Project to be Delayed During Eid Homecoming

10 April 2019

Elevated Toll Road Project to be Delayed During Eid Homecoming

Transportation Ministry has announced the construction project of Jakarta - Cikampek II elevated toll road will be delayed during the 2019 Eid homecoming

Read More

Indonesia's Longest Underpass Built beneath Yogyakarta Airport

8 April 2019

Indonesia's Longest Underpass Built beneath Yogyakarta Airport

PUPR Ministry is constructing the country's longest underpass, which spans up to 1.3 kilometers, beneath the Kulonprogo Airport, Yogyakarta.

Read More

Jokowi Request Regional Assistance in Trans-Sumatera Toll Road

15 Desember 2018

Jokowi Request Regional Assistance in Trans-Sumatera Toll Road

President Jokowi expects regional governments to render assistance in the Trans-Sumatera toll road construction.

Read More

Quality Differences in Roads Substantial, Minister Says

19 Oktober 2018

Quality Differences in Roads Substantial, Minister Says

National Development Planning Minister Armida Alisjahbana said
that the difference in quality between national roads and
regional roads is substantial

Read More

BPK to Audit Pantura Road Project

19 Oktober 2018

BPK to Audit Pantura Road Project

The Central Audit Agency (BPK) will conduct an investigative
auditing on the North Coast (Pantura) Road project.

Read More

Motorcyclists Jeopardize Pedestrians

19 Oktober 2018

Motorcyclists Jeopardize Pedestrians

Pedestrians are threatened by all kinds of traffic issues as
there is no proper facility provided for them.

Read More

Indonesia`s Construction Market Largest in ASEAN

11 Oktober 2015

Indonesia`s Construction Market Largest in ASEAN

The market share of construction business in Indonesia has
reached 67 percent of the total market share in South East
Asia

Read More

Indonesia to Overtake Vietnam as Asia's Largest Cement Producer  

28 September 2015

Indonesia to Overtake Vietnam as Asia's Largest Cement Producer  

Eight new production plants with a combined capacity of 24 million tonnes are
set to begin operations in the next two years.

Read More

Bekasi Favorite Property Investment Place, Developer Says

6 September 2015

Bekasi Favorite Property Investment Place, Developer Says

Bekasi, situated between the Capital Jakarta to the west and an industrial zone
to the east, is a strategic location for investment in properties.

Read More

Jokowi Instructs SOE Ministry to Follow up Medium-Speed Train

5 September 2015

Jokowi Instructs SOE Ministry to Follow up Medium-Speed Train

President Joko Widodo announced on Friday that he decided to drop the high-
speed train and opted to develop a medium-speed train.

Read More