BRI Provides Rp 500 Billion Loan and $50 Million Forex Facility to Indonesia Infrastructure Finance
JAKARTA, investortrust.id – PT Bank Rakyat Indonesia (Persero) Tbk, or BRI, has extended a credit facility to PT Indonesia Infrastructure Finance, or IIF, to strengthen the company’s financial capacity in funding strategic infrastructure projects across Indonesia. This initiative aligns with BRI’s commitment to supporting sustainable infrastructure development in the country.
The loan agreement was signed by BRI’s Director of Wholesale and Institutional Business Agus Noorsanto and IIF’s Interim President Director & Chief Financial Officer Rizki Pribadi Hasan at BRI’s headquarters in Jakarta on Thursday, February 27, 2025.
Under this partnership, IIF secured a Rp 500 billion ($32 million) Non-Cash Loan (NCL) facility and a $50 million Forex Line from BRI. These facilities will enhance IIF’s ability to provide financial guarantees and support critical infrastructure projects.
“This collaboration is part of BRI’s efforts to accelerate sustainable infrastructure development. We believe this facility will strengthen IIF’s capacity to support strategic projects that have a significant impact on the national economy,” said Agus Noorsanto.
Enhancing Financial Capacity for Infrastructure Development
IIF’s Interim President Director & CFO, Rizki Pribadi Hasan, expressed appreciation for BRI’s support, emphasizing that the loan facilities will significantly boost IIF’s financing capacity.
“This facility will greatly benefit IIF in expanding its financing capabilities, particularly in providing guarantees for clients involved in infrastructure projects. The Forex Line facility will also help us manage foreign exchange risks associated with project financing,” said Rizki.
The Non-Cash Loan (NCL) facility allows IIF to issue various financial guarantees, including Bank Guarantees, Letters of Credit (L/C), and Standby L/C (SBLC), which are essential for infrastructure clients. By offering these guarantees, IIF enhances client confidence in executing large-scale infrastructure projects. Meanwhile, the Forex Line facility provides greater flexibility in foreign exchange transactions related to infrastructure financing.
“With this support, we expect Indonesia’s infrastructure development to continue progressing, delivering broad economic benefits and driving sustainable national growth,” Agus concluded.