ACCELERATE CIPUTRA WORLD 2 PROJECT

[CATEGORY: PROPERTY]

   

Property giant Group Ciputra received a facility of fixed loan on installment from a consortium of foreign banks amounting to Rp 1.4 trillion. Funds are disbursed PT Ciputra Property Tbk (CRTP) is used to complete the Ciputra World 2 project.

Director and Corporate Secretary CTRP Artadinata Djangkar states, the company provides a guarantee on PT Sarananeka Indahpancar (SNIP). The subsidiary of CTRP obtain fixed loan on installment facilities from PT Bank ICBC Indonesia, PT Bank Maybank Indonesia Tbk, and PT Bank CIMB Niaga Tbk.

The fixed loan on installment given is divided into two parts. The first, Rp 950 billion will be used to finance the construction of Ciputra World 2 Jakarta. The fund includes a repayment of investment credit facility from PT Bank Negara Indonesia Tbk.

Additionally, fixed loan on installment worth Rp 450 billion used for the construction of Ciputra World 2 in the Central Business District (CBD) Jakarta. The project, which started in 2012 will be completed in phases.

All complete data can be seen at www.tender-indonesia.com

(The source of the Indonesia Oil and Gas, Mining, Electricity, Infrastrcuture, Telecommunication tender project and tender award)