BSB FUND PALEMBANG LRT PROJECT RP 350 BILLION

[CATEGORY : FINANCIAL]

Bank Sumsel-Babel involved in syndication six banks and financial institutions in funding the construction of Light Rail Transit (LRT) Project in Palembang, South Sumatra worth Rp 4.59 trillion. The six members of the syndicate are BNI, BRI, Bank of Tokyo Mitsubishi UFJ (BTMU) Indonesia, Sarana Multi Infrastruktur (SMI), Bank Pembangunan Daerah Sumsel-Babel, and the Bank Pembangunan Daerah Jabar - Banten (BJB). PT Waskita Karya (Persero) Tbk (WSKT) appointed by the government as a construction contractor. LRT project itself has a contract value of Rp 12.59 trillion. In this financing, the Bank Sumsel Babel apply as a participant and give the commitment of Rp 350 billion.

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