Jakarta, 13 October 2017 - PT Bank Central Asia (BCA) Tbk affirms its commitment to support Indonesia’s infrastructure development by signing two Loan Syndication Agreements for two toll road projects, which are parts of the National Strategic Project, namely the Pandaan-Malang Toll network, financing Rp 1 trillion of the total syndicated financing of Rp 4.179 trillion and Rp 652.8 billion for the Manado-Bitung Toll project of the total loan syndication valued at Rp 3.586 trillion, with tenor of 15 years.
In fulfilling the total financing for the 38.49 km Pandaan-Malang toll road project, BCA together with Bank Mandiri, and BNI Tbk act as Joint Mandate Lead Arranger Bookrunners (JMLAB). In this syndication lending, BCA also acts the Facility Agent.
Meanwhile, to finance the construction of the 39 km long Manado-Bitung toll road, BCA with BNI, Bank Mandiri, and PT Sarana Multi Infrastruktur (Persero) (SMI) act as JMLAB. In addition to that, BCA also acts as the Security Trustee.
Senior Vice President of BCA Yuli Melati said that the loan agreement is a testament to BCA’s commitment as national private bank in supporting the acceleration of infrastructure development as now prioritized by the government. BCA’s support and involvement is also based on optimistic faith in Indonesia’s future economic growth, which should be based on the development of fundamental infrastructure. Indonesia’s economic growth potential will optimize with these infrastructure developments.
“BCA fully supports and plays an active role in financing government projects, especially infrastructure development related projects that provide direct value added impacts for the people’s economy. This is in line with our vision as the bank of choice that holds an important pillar in Indonesia’s economy. This role also serves as the underpinning foundation for providing services to customers, and, in terms of financing, we still uphold the principle of prudence,” said Yuli.
As widely known, the Pandaan-Malang toll road project is managed under the coordination of PT Jasamarga Pandaan Malang, a subsidiary of PT Jasa Marga (Persero) Tbk, which holds the concession of the Pandaan-Malang toll road project. This project will connect Surabaya, Pandaan Regency, Pasuruan Regency and Malang. Meanwhile, PT Jasamarga Manado Bitung, a subsidiary of PT Jasa Marga (Persero) Tbk is a subsidiary company that manages the toll road concession that will connect the city of Manado, Airport and the city of Bitung. These two projects are fundamental to the development of manufacturing industry and the surrounding tourism.
Senior Vice President Corporate Banking of PT Bank Central Asia (BCA) Tbk Yuli Melati (third right) with Senior Vice President Corporate Finance Susiana Santoso (second right) and Senior Vice President Corporate Branch Dhejani Surjadi (right) handed over a souvenir to the Head Director of PT Jasamarga Pandaan-Malang (JPM) Agus Purnomo (third left), witnessed by Head Director of PT Jasamarga Manado-Bitung (JMB) George IMP Manurung (left), Director of Finance of PT Jasa Marga Donny Arsal after the signing of two Loan Syndication Agreement in Jakarta, Friday (13/10). The two toll road projects are part of the National Strategic Project, in which BCA provides a syndicated loan worth of Rp1 trillion of the total syndicated financing of Rp4.179 trillion for the Pandaan-Malang toll road project and a loan worth of Rp. 652.8 billion of the total syndicated financing of Rp3.586 trillion for the Manado-Bitung toll road project.Direktur Utama PT Jasamarga Pandaan Malang (JPM) Agus Purnomo (ketiga kiri) disaksikan oleh Direktur Utama PT Jasamarga Manado Bitung (JMB) George IMP Manurung (kiri), Direktur Keuangan PT Jasa Marga Donny Arsal seusai penandatanganan dua Perjanjian Kredit Sindikasi di Jakarta, Jumat (13/10). Dua proyek jalan tol tersebut termasuk dalam Proyek Strategis Nasional, di mana untuk Jalan Tol Pandaan Malang BCA memberikan kredit sebesar Rp1 triliun dari total pembiayaan sindikasi sebesar Rp4,179 triliun dan proyek Tol Manado Bitung sebesar Rp. 652,8 miliar dari total pembiayaan sindikasi sebesar Rp3,586 triliun.
The financing agreement is a testament to BCA’s commitment as national private bank in supporting the acceleration of infrastructure development as now prioritized by the government. BCA’s support and involvement are also based on optimistic faith in Indonesia’s future economic growth, which should be based on the development of fundamental infrastructure.
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About PT Bank Central Asia Tbk (as of 30 June 2017)
PT Bank Central Asia Tbk (BCA) is one of the leading private banks in Indonesia focusing on business banking transactions, credit loan facilities, and financial solutions for the corporate, commercial and SME, as well as individual customers. At the end of June 2017, BCA facilitated banking transactions for more than 16 million customers, through 1,222 branches, 17,193 ATMs, and over 440,000 EDC, supported by 24-hour internet and mobile banking.
For more information, please contact :
PT BANK CENTRAL ASIA TBK
Corporate Secretariat Division – Corporate Communication Sub Division
Public Relations Bureau
Address : Jl. MH Thamrin No. 1
Menara BCA Grand Indonesia 20th Floor
Jakarta Pusat
Phone : (021) 2358-8000
Fax : (021) 2358-8300
E-mail : humas@bca.co.id
