June 30, 2015

To Accelerate Infrastructure Procurement, Bank Mandiri Lends Rp 3 Trillion to Pelindo IV

Jakarta, May 12, 2015 – In support of the Government’s infrastructure procurement program, Bank Mandiri has provided a Rp 3 trillion investment loan facility to PT Pelabuhan Indonesia (Pelindo) IV to support the development of Makassar New Port, as well as the procurement of new handling equipment and port modernization at various other Pelindo IV sites.
The ……..-year financing agreement was signed by Bank Mandiri’s Director of Corporate Banking, Royke Tumilaar, and Pelindo IV Director Mulyono at Plaza Mandiri in Jakarta on Tuesday (12/5).
Bank Mandiri Director of Corporate Banking Royke Tumilaar said that the loan was intended to accelerate the procurement of national infrastructure and to support the Maritime Expressway program launched by President Joko Widodo some time ago.
“We are delighted as through synergy with this state enterprise, Bank Mandiri can once again prove its commitment to strengthening the capacity of national infrastructure, including the port sector,” said Royke Tumilaar.
As of the end of the first quarter of 2015, Bank Mandiri had provided financing to the port sector worth Rp ….., a …% increase from the previous year. Such financing accounted for ..% of the total financing extended by the Bank to the national maritime sector (Rp …. or USD … billion).
In other sectors related to the maritime sector, Bank Mandiri has disbursed loans amounting to Rp …, which includes Rp .. to the shipbuilding sector, Rp … for shipyards and Rp … to maritime support industries. On an annualized basis, the Bank’s financing for the maritime sector had grown ..% to Rp … per the end of March 2015.
The construction of Makassar New Port is a step by Pelindo IV to meet the container-port needs in Makassar so as to enhance interisland connectivity and support the national logistics system, especially in eastern Indonesia. Pelindo IV, which has adopted the tagline, The Locomotive of Eastern Indonesia, has developed applies the port creates the trade concept based on a supply approach strategy.
In line with this, Makassar New Port will be integrated with a planned freight railway project in South Sulawesi, thereby making it easier to transport and distribute goods. It is expected that the construction of the port will support growth in the volume of shipping, backed by industrial expansion, in Eastern Indonesia.

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