Developing Cipali Toll Road and Building BIJB Kertajati Airport Link Toll Road, BCA Disburses Syndicated Loan of Rp3.15 Trillion to PT Lintas Marga Sedaya

Jakarta, 17 September 2018 – Various efforts have been made to accelerate infrastructure development, including by PT Bank Central Asia Tbk (BCA). The Bank BCA realizes its efforts by disbursing a syndicated loan of Rp3.15 Trillion to PT Lintas Marga Sedaya (LMS) to refinancing the construction of the BIJB Kertajati Airport Link Toll Road from the Cikopo-Palimanan Section.

Attending the signing ceremony was Director of PT Bank Central Asia Tbk (BCA) Rudy Susanto, Senior Executive Vice President of Group Corporate Banking of BCA Wira Chandra, Executive Vice President of Group Corporate Finance of BCA Susiana Santoso, Executive Vice President of Group Corporate Banking of BCA Yuli Melati Suryaningrum, and Head of the Corporate Branch Office of BCA Dhejani Surjadi, Commissioner of PT Lintas Marga Sedaya Dato’ Noorazman Abd Aziz, President Director of PT Lintas Marga Sedaya Datuk Ir. Mohd Zulastri Mohd Amin, and other participating banking management at Hotel Rafles Jakarta, Monday (17/09).

The syndicated loan consists of financing provided by BCA, five banks and two other non-bank financial institutions. Of the total ceiling of Rp8,889,100,000,000, BCA disburses a syndicated loan of Rp3.15 trillion. In this cooperative agreement, BCA also acted as the Mandated Lead Arranger and Bookrunner, Facility Agent, Security Agent, and Escrow Agent. The signing of the syndicated loan agreement is valid for 15 years.

Located at Kertajati Subdistrict KM 158, Majalengka, the 6 km Airport Link (include the interchange) is one of the supporting access roads from the Cikampek-Palimanan Toll Road to the airport, which is planned to be completed in September 2018. The Airport Link is projected to provide a positive impact on the revenue of the Cikampek-Palimanan Toll Road.

“We see a positive growth trend towards the density of the Cikampek-Palimanan Toll Road in the future. In addition, the newly-opened Kertajati Airport in Majalengka is situated close to the integrated economic zone of Karawang, Bekasi, and Purwakarta, that is also supported by other transportation infrastructure. Therefore, BCA finds the need to participate in the development of the Kertajati Aiport Link,” explained Susiana.

Previously, BCA had distributed a syndicated loan to PT Bosowa Marga Nusantara (BMN), a subsidiary of PT Marga Utama Nusantara (MUN) to develop the A.P. Pettarani Elevated Toll Road in Makassar in August 2018. Not only that, in July 2018, BCA also disbursed a syndicated loan to PT Jasamarga Jalanlayang Cikampek (JJC) for the construction of Jakarta-Cikampek II Elevated Toll Road.

“Through the financing, we hope to be able to provide a direct multiplier effect to the community, while also providing a significant impact on infrastructure development initiated by the Government. On the other hand, as of the first semester of 2018, BCA had disbursed infrastructure loans amounting to Rp24.7 trillion, the majority of which were channelled to the electricity sector and road construction. BCA projects infrastructure loan distribution to increase by 31% in 2018,” Susiana concluded.

BCA Disbursed Syndicated Loan for the Construction of the Cikopo-Palimanan Toll Section - Executive Vice President of Group Corporate Finance of BCA Susiana Santoso (second left), Executive Vice President of Group Corporate Banking of BCA Yuli Melati Suryaningrum (left), Head of the Corporate Branch Office of BCA Dhejani Surjadi (second right) and President Director of PT Lintas Marga Sedaya Datuk Ir. Mohd Zulastri Mohd Amin (right) witnessed by (second line) Director of PT Bank Central Asia Tbk (BCA) Rudy Susanto, Senior Executive Vice President of Group Corporate Banking of BCA Wira Chandra (left) and Commissioner of PT Lintas Marga Sedaya Dato’ Noorazman Abd Aziz (right) signed the Syndicated Loan Agreement for the Cipali Toll Developmnent Project and the BIJB Kertajati Airport Link Toll Road in Jakarta, Monday (17/09). Through the partnership, Of the total ceiling of Rp8.889 trillion, BCA disburses a syndicated loan of Rp3.15 trillion to PT Lintas Marga Sedaya for the construction of the Cikopo-Palimanana toll section and toll access to the BIJB Kertajati.