PT. AKR Corporindo, Tbk

PT BKMS & IIF Signed a Senior Term Loan Agreement of IDR 500 Billion

December 11, 2020

JAKARTA, 11 December’ 2020 – PT Berkah Kawasan Manyar Sejahtera (BKMS), a subsidiary of PT AKR Corporindo Tbk (IDX ticker code: AKRA.IJ) has signed an agreement with PT Indonesia Infrastructure Finance (IIF) for a Senior Term Loan facility of Rp500bn for 7 years.  The agreement signing ceremony was held in the headquarter office of IIF Jakarta, which was conducted with strict health protocols.  Representing BKMS were Bapak Bambang Soetiono S., President Director of BKMS, and Bapak Ifan Johar Kuswahyudi, Finance Director of BKMS.  The IIF Representatives were Bapak Reynaldi Hermansjah, President Director and CEO of IIF and Bapak Ramadhan Harahap, Managing Director and CIO of IIF.  

The IIF is a private national company established by Government of Indonesia to accelerate and improve private sector participation in infrastructure development. The purpose of the loan by IIF to BKMS is for developing Java Integrated Industrial & Port Estate (JIIPE) in Gresik, East Java as it embarks on its Phase II of development. On this occasion, representatives from IIF stated that this project marks the first industrial estate funded by IIF, hence, further enriching IIF’s portfolio. 

Left-Right: Finance Director of BKMS -Mr.Ifan Johar K., President Director of BKMS- Mr.Bambang Soetiono S.,
Presdir & CEO of IIF – Mr.Reynaldi Hermansiah, Managing Director & CIO of IIF – Mr.Ramadhan Harahap
Mr. Bambang Soetiono stated, “We are extremely pleased that IIF has chosen to fund the development of PT BKMS industrial estate and we thank IIF for their trust and support to develop this Strategic industrial estate in Gresik East Java.” 

Since 2013, AKR and Pelindo III have jointly developed JIIPE comprising of Industrial estate integrated with port and utilities with international standards.  This loan facility will support development of Phase 2 of JIIPE.

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