JAKARTA (TheInsiderStories) – A number of directors from state-owned enterprises (SOEs), national and foreign private companies signed an investment and financing agreement for Infrastructure projects in Nusa Dua, Bali, on Thursday (11/10). A total of 21 projects with a value of US $ 6.65 billion have been offered to investors at the Indonesia Infrastructure Forum in Nusa Dua, Bali.
The signing agreement witnesses by Coordinating Minister for the Economy Darmin Nasution, SOEs Minister Rini M. Soemarno, Bank Indonesia Governor Perry Warjiyo, and Public Works and Public Housing Minister Basuki Hadimuljono.
It said, the signing is a form of the Indonesian Government’s commitment to continuing infrastructure development as one of Indonesia’s keys in an effort to accelerate economic growth.
As an example PT Maybank Indonesia Tbk (IDX: BNII) establishes a Sharia Hedging Partnership with PT Sarana Multi Infrastruktur (SMI), through the provision of iB Foreign Currency Hedging, a hedging based product sharia. This hedging partnership is valued at US$128 million, making it the first largest sharia hedging strategic partnership in Indonesia.
The instrument provided for SMI is implemented through the mechanism of iB Cross Currency Hedging transactions, which is an agreement between 2 parties to conduct a series of exchanges of two different currencies over a specified period based on the principle of Sharia program according to the complexity of the transaction.
The benefits of hedging products for customers are to mitigate the risk of exchange rate movements for a certain period of time in connection with the customer’s need to pay their obligations in the form of profit sharing, margin, rent and financing principal in a particular currency, while the source of funds or income to pay the obligation obtained from different currencies.
On the same day, Maybank also signed a syndicated financing for toll road financing with PT Hutama Karya, together with State Banks Association, PT ICBC Indonesia, and PT CIMB Niaga Tbk (IDX: BNGA).
Other agreement are MRO industry strategic partnership in aviation between PT GMF AeroAsia Tbk (IDX: GMFI) with Dutch’s AFI KLM E&M for $400 million and PT China Communications Construction Indonesia worth of $500 million.
Then, Tourism destination development financing for Indonesia Tourism Development Corporation (ITDC) with Asian Infrastructure Investment Bank (AIIB) with amount $248.4 million and destination development tourism ITDC financing with Indonesia Eximbank $89.5 million.
ITDC also signed an investment opportunities in tourism destinations development with Menjangan Group (co-investor) and Amorsk Group for $310 million and with PT Wijaya Karya Tbk (IDX: WIKA) worth of $198 million.
Furthermore, PT Angkasa Pura II and PT Danareksa Sekuritas signed strategic partnership in the airport industry of $500 million. Strategic partnership in industrial defense of PT Pindad with Waterbury Farrel for $100 million.
Others, strategic partnership in mining industry between PT Aneka Tambang Tbk (IDX: ANTM) with Ocean Energy Nickel International Pty Ltd with amount $320 million and with Aluminum Corporation of China Limited (Chalco) of $850 million.
The SOEs also signed potential cooperation in transportation industry between PT Kereta Api Indones and PT INKA with Progress Rail (a caterpillar company with amount $500 million.
Strategic Partship in PT Boma Bisma Indra manufacturing industry with PT Doosan Infracore Co. Ltd. and PT Equity Management Technology $ 185 million.
Investment Opportunities in constructions and infrastructure of PT Jasa Marga Tbk (IDX: JSMR) and PT Bank Mandiri Tbk (IDX: BMRI) with PT OJK for $112 million. and with Bank Mandiri, AIA, Allianz Life, PT Infrastructure Investment Finance, PT Taspen and PT Wana Artha with worth $224 million.
Then PT Pertamina with CPC Corporation, Taiwan for $6.5 billion and Eni S.p.A. Followed by the investment opportunity in the construction and infrastructure of PT Perusahaan Listrik Negara with KFW of $150 million.
Last, PT Hutama Karya signed investment loan for toll road financing with PT Bank Mega Tbk $523 million and CDS loan of $392 million). The oprator also signed toll road financing with First Bank, ICBC, MUFG Bank and SMI for $338 million.
Hutama Karya also signed financing loan with Bank Mandiri, PT Bank Negara Indonesia Tbk (IDX: BNII), PT Bank Rakyat Indonesia (IDX: BBRI), CIMB Niaga and SMI in the form of loan financing up to $684 million and CDS loans of $388 million