Bank Jakarta and PT SMI provide Rp2.11 trillion for Jakarta infrastructure

Bank Jakarta and PT Sarana Multi Infrastruktur (PT SMI) have provided a syndicated financing package totaling Rp2.11 trillion to support seven priority infrastructure projects in DKI Jakarta. Bank Jakarta is contributing Rp1 trillion, while PT SMI is providing up to Rp1.11 trillion.

The funding is intended to accelerate the development of transportation, decent housing, and flood control systems in the capital. Key projects included in this financing are the Latumeten Flyover, the Batavia Building for Technical Services in Jatibaru, the Phase II Padat Karya low-cost apartments, and the Phase I Rorotan IX low-cost apartments. Additionally, funds will be allocated for the construction of reservoirs, lakes, ponds, and polder systems.

Jakarta Governor Pramono Anung, PT SMI President Director Reynaldi Hermansjah, and Bank Jakarta President Director Agus H. Widodo signed the agreement at Jakarta City Hall. The Governor stated that the provincial government is utilizing various financing schemes to ensure the rapid realization of priority projects and improve service quality for residents.