JAKARTA, NETRALNEWS.COM - Jasa Marga (Persero) Tbk (JSMR) obtained a financing facility from Bank Syariah Mandiri (BSM) amounting to IDR1 trillion to be used to accelerate land acquisition on new toll roads.
The signing of a 12-month credit agreement was made in Jakarta by the Finance Director of PT Jasa Marga (Persero) Tbk Donny Arsal and Wholesale Banking Director of Bank Syariah Mandiri Kusman Yandi.
Donny said the funding requirement of toll road infrastructure in the next three years is quite big.
"We are opening opportunities for financing cooperation with banks and now we are trying new opportunities through cooperation with sharia financing," he said in a release, in Jakarta, Monday (06/12/2017).
This financing partnership uses a Line Facility-Musyarakah (Sharing/Shirkah) deal with a one-year tenor, in which the disbursement can be done gradually or simultaneously. The purpose of the use of funds is for the working capital of new toll road development of Jasa Marga.
BSM Wholesale Banking Director Kusman Yandi said that this is the first time BSM has collaborated with Jasa Marga. This is in line with BSM's strategy of making infrastructure sector as one of future business development focuses, given the enormous growth potential of this sector.
"This is also a form of BSM participation as a part of Bank Mandiri Group to support the acceleration of infrastructure development which becomes one of the priority programs of the Government of Indonesia," he said. (*)