SOEs Get US$50bn Loan from Chinese Banks
27 April 2015 13:32 WIB
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