PT SARANA MULTI INFRASTRUKTUR (PERSERO) · PDF filePT Sarana Multi Infrastruktur (Persero)...
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A LEADING CATALYST IN FACILITATING INDONESIA’S INFRASTRUCTURE DEVELOPMENT COMPANY PROFILE PT SARANA MULTI INFRASTRUKTUR (PERSERO) January 2016
Transcript of PT SARANA MULTI INFRASTRUKTUR (PERSERO) · PDF filePT Sarana Multi Infrastruktur (Persero)...
A LEADING CATALYST IN FACILITATING INDONESIA’S INFRASTRUCTURE DEVELOPMENT
COMPANY PROFILE
PT SARANA MULTI
INFRASTRUKTUR (PERSERO)
January 2016
1
2 Project Highlight
Agenda
Company Profile of PT SMI (Persero)
2
3 Roadmap to Become Indonesia Development Bank
PT SMI as a Catalyst in Accelerating Infrastructure Development
3
Status
Duties
Vision
Mission
PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) was
established in 2009 as a State-Owned Enterprise under the
Minister of Finance Regulation No. 100/PMK.010/2009 on
Infrastructure Financing Companies
PT SMI carries the duty of supporting the Government’s
infrastructure development agenda for Indonesia through
partnerships with private and/or multilateral financial
institutions in Public-Private Partnership (PPP) projects. As
such, PT SMI can serve as a catalyst in accelerating
infrastructure development in Indonesia.
100% owned by the Government of Indonesia
To serve as catalyst in accelerating national infrastructure
development
1. To become a strategic partner that delivers value added
contributions to Indonesia’s infrastructure development
2. To develop flexible financing products
3. To offer service excellence backed with good corporate
governance
Ownership
Capital Injection from
GOI
Capital Market
(Bonds, Notes)
Securitization
Loans and Grants
BPJS, Sharia
Insurance
Sharia Capital Market
Syirkah Funds
Hajj Funds
Sovereign Wealth Fund
Our Business Model
Sectoral Focus
Electricity
Road
and
Bridge
Transportation
Region
Infrastructure
Correctional
Infrastructure Hospital
Market Tourism
Infrastructure
Telecommunication
Irrigation
Oil and Gas
Waste Management
Rolling Stock
of Trains
Social Infrastructure
Drinking Water
Energy
Efficiency
Education
Infrastructure
Sources of Funds
Co
nven
tio
nal
Sh
ari
a
PT SMI Business Pillars
• Infrastructure Financing
• Senior loan (Working
Capital, Investment Loan)
• Complementary perbankan
• Arranger & Underwriter
FINANCING & INVESTMENT
• Public Sector Advisory
• Training & Capacity Building
CONSULTATION SERVICES
PROJECT DEVELOPMENT
• Project Development Facility (PDF) PPP Project
• PDF & Donor Funds Management Renewable Energy Project
(Geothermal Exploration)
• TA & Donor Funds Management Municipal Projects
FINANCING
CONSULTATION SERVICES
• Ijarah Muntahia Bittamlik (IMBT)
• Murabahah
• Musyarakah Mutanaqisah (MMQ)
• Mudharabah Muqayyadah on Balance Sheet (MMOB)
• Investment Advisory
• Financial Advisory
• Standby Lender PPP
• Geothermal Prject Financing
• Local Government
Financing PIP/RIDF)
• Investment Advisory
• Financial Advisory
In the development stage 4
Financial Performance of PT SMI for the year 2009-2016
*In 2015, the government injected Rp20,3 Trillion State Capital Ownership (PMN) to PT SMI (Rp 18.3 trillion came from the transfer of assets from
Government Investment Center (PIP))
** In March 2016, Pefindo increased the corporate rating of PT SMI to be “AAA”
2011 (Audited) 2012 (Audited) 2013 (Audited) 2014 (Audited) 2015 (Audited) 2016
Financial
Statements
Opinion
Fair Without
Exception
Fair Without
Exception
Fair Without
Exception
Fair Without
Exception
Fair Without
Exception -
Soundness
Level
A
AAA AA AAA AAA AAA -
Corporate
Rating
AA/Stable
(Fitch Ratings)
AA+/Stable
(Fitch Ratings)
AA+/Stable
(Pefindo & Fitch)
AA+/Stable
(Pefindo & Fitch)
AAA/Stable
(Pefindo)**
5
2,339
744598
424226194
8273
2015 2014 2016
Unaudited
2013 2010 2012 2009 2011
+64,2%
Total Revenue (USD Million)
1,245
305245207107974158
2011 2012 2009 2013 2010 2015 2016
Unaudited
2014
+55,0%
Net Income (USD Million)
44,365
32,714
9,1697,0885,132
2,2132,1201,063
2009 2010 2011 2012 2013 2014 2015 2016
Unaudited
+70,4%
Total Assets (USD Billion)
30,878
25,432
4,7854,5454,3102,1952,0981,057
2009 2010 2011 2012 2013 2014 2015 2016
Unaudited
+61,9%
Total Equities (USD Billion)
Project Location Mix
Execution of Mandate as Catalyst of Infrastructure Development Financing and Investment
Financing Sectors
Multiplier Effect
Total Project Cost
IDR 186.5 Trilion
Multiplier Effect
4.1 times
Long-term and
Flexible Scheme
Maturity Up to 25 Years
Grace Period Up to 15 Tahun
PT SMI’s Mandate
Long-term financing
Competitive interest rate
Innovative Financing Product
Flexible Financing Scheme
Large Multiplier effect
as of 31 January 2017
Example: Toll Road Financing of
Palembang - Indralaya
6
Road 44.46%
PT PLN (Ex-PIP) 17.91%
Electricity 14.45%
Transportation 8.84%
Oil and Gas 6.97%
Irrigation 3.44%
Telecommunication 2.86%
Clean Water 0.90%
Social (Hospital) 0.17%
Jawa 44.96%
Sumatera 25.12%
Kalimantan 9.80%
Sulawesi 9.04%
Bali Nusa Tenggara
5.60%
Papua Maluku 5.47%
Financed Project Cost Commitment and Outstanding
Diversification of Financing Activities as of 31 January 2017
*Including loan to PLN & Local Government, excluding IIF
in IDR billion
7
Commitment by Product Outstanding by Product
Investment
Loan Bridge Loan
Working
Capital Loan
Subordinated
Loan
Promoter
Financing
Equity
Investment
62,99% 19,75% 14,95% 1,76% 0,52% 0,03%
Investment
Loan
Working
Capital Loan Bridge Loan
Promoter
Financing
Subordinated
Loan
Equity
Investment
66,54% 24,02% 7,53% 1,21% 0,70% 0,01%
32,19930,442
17,083
4,2623,0871,196
44,53944,896
23,004
5,5774,4772,222
2012 2014 2013 31-Jan-17 2016 2015
Commitment
Outstanding 186,495
9,16738,428
89,673
49,226
2014 Total
Project Cost
up to 2013 2015 2016 31-Jan-17
0
Investment Loan
62.99%
Working Capital Loan
14.95%
Bridge Loan 19.75%
Promotor Financing
0.52%
Subordinated Loan
1.76%
Equity Investment
0.03%
Investment Loan
66.54%
Working Capital Loan
7.53%
Bridge Loan 24.02%
Promotor Financing
0.70%
Subordinated Loan
1.21%
Equity Investment
0.01%
Social Economic Benefit of Financed Projects As of January 2017
PT SMI’s Portfolio
Electricity o Generator Capacity
1.504 MW
o Lighting to 1,7 million homes
or 6.7 million people
Clean Water &
Irrigation
o Clean water production
capacity 10.140 liter/second
o Clean water contribution 1,5
million homes or 5.8 million
people
o Watering 96 thousand ha farm
area
Roads o Road length 1.413 km
o Absorbs ~1,2 million of
workforce
Air & Sea Port o Servicing 37.5 million
passengers per year (Air
Transport)
o Increases goods flow to 2.26
million TEUs per year (Sea
Transport)
PT SMI’s Portfolio
o Addition of 80 electric train
o Increases passengers capacity
to 7.3 million per year
Urban Transport
o Addition of 31,000 bpd Fuel
production
o 11.8 million m3 gas per day
o Increases capacity of 10,000 MT
gas supply
o Gas supply of 21,000 homes
Oil and Gas
o Addition of 42 new hospital
rooms
o Facility for 720 new patient/year
Social
Infrastructure
o 52.000 telecommunication
towers project o Serving 76 million users of
telecommunication services in
Indonesia
o 2.700 KM fiber optic network
Telecommunica
tion
PT SMI’s Portfolio Projects
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PT SMI’s Participation in the Priority, National Strategic and RPJMN 2015-2019 Projects (Perpres No. 3 Tahun 2016, Permenko No.12 Tahun 2015, dan Perpres No. 2 Tahun 2015)
Pejagan – Pemalang Toll Road
Cenral Java
Semarang – Solo Toll Road
Cenral Java Solo – Ngawi Toll Road
Cenral & East Java
Ngawi – Kertosono Toll Road
East Java
Medan – Binjai Toll Road
North Sumatera
Palembang – Indralaya Toll Road
South Sumatera
Bakauheni – Terbanggi Besar
Toll Road, Lampung
6 Soekarno-Hatta Airport
Development, Banten
New Jogja International
Airport, Jogjakarta
Palembang Light Rapid
Transit (LRT) Project
South Sumatera
1 2 3 4
1
5 Bogor Toll Ring Road
West Java 7
2 3 4
5 6
7
Pandaan – Malang Toll Road
East Java
8
8
Logung Dam
Central Java
9 12 10 11 Lampung City Water Treatment
Project, Bandar Lampung
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Bajulmati Dam
East Java Titab Dam
Bali Central Palapa Ring
Broadband Project
Lolak Dam
North Sulawesi
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10
11
12 13
Paselloreng Dam
South Sulawesi Entikong Borderline Road
West Kalimantan 14
14
15 16
15
16
17
17
18
18
Palapa Ring
Broadband Project 19 20
21
19
21
20
20
20
Financing Equity Project Development
Palaran Container Port Development
and Supporting Facilities
East Kalimantan
Cikopo – Palimanan Toll Road
West Java
Coal-Fired Power Plant Kendari 3
Southeast Sulawesi
Jabung Irrigation Project
Lampung
Ciliwung River Normalization
Jakarta
Coal-Fired Power Plant Sumsel 300 MW
South Sumatera
Rehabilitation of
Rentang Irrigation
Majalengka
West Java
Citarum Downstream
Embankment Project,
West Java
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24
25 25
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27
27
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Total Commitment Rp15,43 trillion
Total Project Value Rp77,06 triliun
30
30 Cinere - Jagorawi
Toll Road, West Java
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Role of PT SMI
in Renewable Energy and Climate Change Program
Intermediary
Institution Project
Financing
Grant
Hydro Power
• Senior Loan
• Mezzanine/ Subordinated
• Equity
• Technical Assistance
• Project Appraisal
• Project Assessment
*) In the process RE = Renewable Energy EE = Energy Efficiency
(RE and EE)* (RE and EE)*
(Wind Energy)
Others
Source of Fund
Biomass
Solar Power
Wind Power
Energy Efficiency
10
(Climate Change)*
(CTF & GEF)
(Climate Change)*
Geothermal
Climate
Change
Strategic Partnerships with
Bilateral/Multilateral Institutions
11
Bilateral/Multilateral Institution
Agence Francaise de
Developpement (AFD)
Soft Loan + Grant for
Energy Efficiency and
Renewable Energy
Scope of
Cooperation
United Nations Development
Programs (UNDP) Grant for Wind Power
Asian Development Bank
(ADB)
MoU for PPP
Transaction Advisory
Cities Development Initiative
for Asia (CDIA)
Capacity Building
related with urban
development
Temasek Foundation Capacity Building
related with PPP
Korea Development Bank
(KDB)
MoU for PPP
Exchange of
Information
Bilateral/Multilateral Institution Scope of
Cooperation
World Bank Group
• RIDF for Municipal
Financing
• Geothermal Fund
(GEF and CTF)
Asian Development Bank
(ADB) dan German
Development Bank (KfW)
SIGAP Program
• Environmental
ESMS
• TA for Municipal
Financing
Japan Bank for International
Cooperation (JBIC) Green Financing
Facility
Green Climate Fund (GCF) Accredited Entity
Gesellschaft für Internationale
Zusammenarbeit (GIZ)
Soft Loan + Grant
• Renewable Energy
• Energy Efficiency
Street Lighting
• Sustainable Urban
Transport (BRT)
Active In Process
Scope of
Business
Advisory Project Development
• Improving the quality of the investment
package of infrastructure projects
• Coordinating the required expertise in
project management (project management
office)
• Enhancing standards of project
governance and execution
• Managing communication and work
strategies between stakeholders
(stakeholder management)
• Helping the project owner in the
readiness of viable investment projects
• Providing consulting services to identify
opportunities and challenges of
infrastructure projects
• Providing services to help obtain or to
utilize investment funds
• Opening access to the project market
(investors, lenders, etc.)
Types of
Product
Project Development Facility
National/
Priority
Regional/
Municipal
Renewables
Energy Financial
Advisory
Investment
Advisory
Capacity
Building
Public Sector Private Sector
Advisory and Project Development Business Pillars Play as an "Enabler“ in Accelerating Infrastructure Development
12
PPP Project Status
Palapa
Ring*
Ministry of
Communication
and Informatics
• Western Package: Financial
Close
• Central Package: Financial
Close preparation
• Eastern Package: PPP final
agreement drafting
Water Supply System
Umbulan
East Java
Province
Express Train
Airport Halim-Soetta
Ministry of
Transportation
Making the Final Report of
Pre-Feasibility Studies
PT SMI’s Role as the Catalyst in the PPP Project Preparation
through PDF Facility** (As in MoF Decree No.S126 year 2011 jo MoF Rule No. 265 year 2015)
Water Supply System
Lampung
Mandate Potentials
Development of
Dr. Pirngadi Regional
Public Hospital
Development of West
Sidoarjo Regional Public
Hospital
Development of Bogor City
Water Supply System (SPAM)
Contracting
Agency Project Value
City of Bandar
Lampung
Government Support
Rp 2.05 Trillion
Rp 1.3 Trillion
Rp 21 Trillion
• Govt Guarantee through IIGF
• Viability Gap Funding (VGF)
• Govt Guarantee through IIGF
• Viability Gap Funding (VGF)
• Govt Guarantee through IIGF
• Viability Gap Funding (VGF)
• Govt Guarantee through IIGF
Signing of Cooperation
agreement between
Contracting Agency with
Private company
Facility is not followed
through due to the change of
policy in Contracting Agency
* Palapa Ring project uses the Availability Payment scheme as the investment return mechanism ** PDF is the Project Development Facility
West Package
Middle
Package
East Package
Rp 1.28 Trillion
Rp 1.38 Trillion
Rp 5.09 Trillion
13
Bontang Refinery
Project
Bajulmati Reservoir,
Banyuwangi
Batam Municipal Solid
Waste Management
Pumbiu River Bridge, West
Sulawesi
Soekarno Hatta Airport Rail
Link
Water Supply Project
Jakarta
Mini Hydro Power Plant,
Mobuya, North Sulawesi
Coal-Fired Power Plant
Tanah Grogot, East Kalimantan
Coal Gasification Power Plant,
West Kutai
Bridge Project
Kali Api, Manokwari
Dekai-Oksibil
Road Project, Papua
Hydro Power Plant
Asahan, North Sumatera
Mini Hydro Power Plant Tara
Bintang, North Sumatera
Hydro Power Plant, Humbahas,
North Sumatera
Mini Hydro Power Plant South
Solok, West Sumatera
Mini Hydro Power Plant
Lebong, Bengkulu
Mini Hydro Power Plant
Lebak, Banten
Water Treatment & Supply
Project, Tegal Gede, Bekasi
Cikopo-Palimanan Highway
West Java
Gas-Fired Power Plant,
Tanjung Uncang, Batam
LPG Storage Terminal,
Semarang
Mini Hydro Power Plant
Banjarnegara, Central Java
Umbulan Water Spring,
East Java
Ngawi – Kertosono Toll Road
River Kujang Drainase
Project, Samarinda
Lampeong Waterway Project
North Barito
Bridge Wariki Project
Manokwari
Tugu Station and Pedestrian
Revitalization, Yogyakarta
Irrigation Project, Sangkup
North Sulawesi
Wundulako Irrigation
Kolaka, Southeast Sulawesi
Jeneponto-Bantaeng Road,
South Sulawesi
Gerak Tempe Reservoir
Wajo, South Sulawesi
Wind Energy Power Plant
Sumba and Lebak
Oil Refinery
Bojonegoro, East Java
Coal Train, East
Kalimantan
Mini Hydro Power Plant Tara
Bintang, North Sumatera
Coal-Fired Power
Plant Project, Gorontalo
Bulk Port, Tuban
East Java
Bulk Port, Gresik
Marisa Port,
Gorontalo Floating, Storage
Offloading, Madura
Floating, Storage Offloading
Natuna, Riau Islands
Mass Rapid Transit
Project, Surabaya
Logistic Murphy Semai Oil,
Fakfak
Arar Port Project
Sorong
Container Port Project Development
and Supporting Facilities at Palaran
Port, East Kalimantan
Solo – Ngawi Toll Road
• BTS Tower, Shelter
throughout Indonesia
• Working Capital in
Telecommunication
Port Container & Cigading
Port, Cilegon
Mini Hydro Power Plant, South
Solok, West Sumatera
Investment Planning Project at
Lombok Airport (Development)
Panaran Gas-Fired Power
Plant, Batam
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Bendo Reservoir
Ponorogo, East Java
Ciliwung River Normalization,
Jakarta
Passenger Terminal Project
Supadio Airport
Pontianak, West Kalimantan
56
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Expansion Project of Tanjung Priok
Port, Jakarta 57
Soekarno-Hatta Airport
Development
Gas Pipeline Construction,
Batam
58
58
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Electrical Substation at
Kalibaru Port, Tanjung Priok
Corporate Business Plan, Banten
Activity Based Costing, Tanjung
Perak Surabaya, East Java
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Medan – Binjai Toll Road
(Trans Sumatera Toll Road),
North Sumatera
Pejagan – Pemalang Toll
Road (Trans Java Toll
Road), Cenral Java
Titab Reservoir Project
Buleleng, Bali 62
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Semarang-Solo Toll Road,
Central Java
Working Capital for Toll Road
Improvement, Central & East Java
Financial Advisor for Kertajati
Airport Development, West Java
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Working Capital for Port
Operations, Banten
Power Plant, Musi Banyuasin
South Sumatera
Power Plant, Kendari
Southeast Sulawesi
Palapa Ring Project
Waste to Energy Project,
Nambo, West Java
Mandalika Special Economic
Zones, Lombok, West Nusa
Tenggara
Project Preparation for Water
Supply Project, Karawang,
West Java
Biogas Power Plant, Rokan Hulu
Riau
2
Case Study of Integrated
Railway and Kualanamu
Airport, North Sumatera 64
64
Leasing Rolling Stock Scheme in
corporation with PT KAI, Jakarta
Mini Hydro Power Plant
Lau Gunung, North Sumatera 65
65
Coal-Fired Power Plant
Tenayan, Riau 66 Sosok – Tayan & Tanjung –
Sanggau Road, West Kalimantan 67
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Electricity Capex
Projects
Lavalette Hospital, Malang
East Java 68
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69 Port Development project in
Jayapura
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Local Government
infrastructure
development assistance
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projets | Advisory Services projects | Financing and Investment 20 projets | Project Development 6 64
Palembang – Indralaya Toll
Road (Trans Sumatera Toll
Road), South Sumatera
Coal-Fired Power Plant,
Lobam, Bintan
Jabung Irrigation Project,
East Lampung
Water Treatment & Supply,
Cipasauran, Banten
Gas Pipeline Construction for
Households, Tarakan,
West Kalimantan
34 Penajam Port Project,
East Kalimantan 72
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73 Lampung City Water Treatment
Project, Bandar Lampung
73
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Portfolio Distribution Across Indonesia
14
1
2 Project Highlight
Agenda
Company Profile of PT SMI (Persero)
15
3 Roadmap to Become Indonesia Development Bank
Project Pejagan–Pemalang Toll Road
Location Central Java Province
Project Cost IDR 2.25 Trilion
SMI Portion IDR 700 Billion
Project Description
• The toll road is a part of the Trans Java toll road
network that is strategic route to reduce congestion
and shorten travel time.
• Loans in the form of working capital for the
construction of Section 1 and Section 2 of toll road
Pejagan-Pemalang (20.2 km)
Project Profile (1)
TOLL ROAD
Project Terminal 3 Soekarno-Hatta Airport
Location Cengkareng, Banten Province
Project Cost IDR 18.7 Trillion
SMI Portion IDR 500 Billion
Project Description
Increase the capacity of Terminal 3 of Soekarno Hatta
Airport to 47 million passengers per year.
Increase the total capacity of Soekarno Hatta Airport
via passengers using the new airport to 67 million
passengers per year.
AIRPORT
16
Project Medan – Binjai Toll Road
Location Medan – Binjai, North Sumatera
Project Cost IDR 1,604 Billion
SMI Portion IDR 481 Billion
Project Description
This highway is the first part of Trans Sumatra toll road
network that has the strategic value to the transportation
of people, goods and services, not only by reducing
congestion along these lines, but also shortening the
travel time.
TOLL ROAD
Project Cikopo-Palimanan Toll Road
Location Cikopo-Palimanan, West Java
Project Cost IDR 12.56 Trilion
SMI Portion IDR 500 Billion
Project Description
The toll road is a part of the Trans Java toll road network
to reduce congestion and to shorten travel time.
TOLL ROAD
Project Profile (2)
17
Project Underwater Gas Pipeline Pemping
Island – Tanjung Uncang
Location Batam, Riau Island Province
Project Cost USD 64.5 Million
SMI Portion USD 23.5 Million
Project Description
Construction of subsea gas pipeline (including
connection line) between the Onshore Receiving Facility
(ORF) Pemping Island – Tanjung Uncang, Batam Island
(13.5 km)
OIL AND GAS
Project Molotabu Coal-Fired Steam Power Plant
Location Kampung Bintahale, Gorontalo Province
Project Cost USD 39.8 Million
SMI Portion USD 28 Million
Project Description
Molotabu power plant is intended to increase the capacity
of the electric power supply in Gorontalo and North
Sulawesi. This project is one of 31 PLN crash program
power plant projects for the year 2013-2020.
POWER PLANT
Project Profile (3)
18
Project Container Terminal Palaran
Location Samarinda, East Kalimantan
Project Cost IDR 550 Billion
SMI Portion IDR 370 Billion
Project Description
Container port infrastructure development and
supporting infrastructure
Project Container Terminal New Priok
Location Tanjung Priok, DKI Jakarta
Project Cost USD 906 Million
SMI Portion USD 5 Million (allocation from syndication)
Project Description
Increasing the capacity of unloading Port of Tanjung Priok
PT SMI Project Profile to Support Maritime Industry (4)
Project Port of Gresik
Location Gresik, East Java
Project Cost IDR 205 Billion
SMI Portion IDR 163 Billion
Project Description
Bulk port development, logging and multipurpose.
Project Port of Cigading
Location Cigading, Banten
Project Cost -
SMI Portion IDR 125 Billion
Project Description
Working capital for Cigading Port
19
SEAPORT SEAPORT
Project Wind Power Plant
Location Lebak, Banten Province
Project Cost IDR 1.6 Trillion
Project Description
PT SMI was pointed by UNDP to conduct fund
management for wind management. The fund allocated
is to finance the project preparation starting from
developing FS until reaching financial close. The project
scope of work: (1) developing Bankable FS, (2)
promoting project to the market, (3) arranging to reach
financial close
ADVISORY
Project Mini Hydro Power Plant
Location Lebong Utara, Bengkulu Province
Project Cost IDR 670 Billion
SMI Portion IDR 140 Billion
Project Description
Power plant is intended to increase the capacity of the
electric power supply in Sumatera.
FINANCING
PT SMI Project Profile to Support Renewable Energy (5)
20
Project 10 Roads and 1 Bridge in Center
Point of Indonesia
Location South Sulawesi Province
Commitment IDR 500 Billion
Tenor 5 Years
Project Description
Municipal Financing for Roads and Bridges in South
Sulawesi
ROAD AND BRIDGE BUS STATION
Municipal Project Profile (1)
Project Dungingi Bus Station (Type C)
Location Gorontalo Province
Commitment IDR 35 Billion
Tenor 5 Years
Project Description
Municipal Financing for Dungingi Bus Station
Development in Gorontalo City
21
Project Masbagik Traditional Market
Location East Lombok District, Nusa Tenggara
Barat
Commitment IDR 34.4 Billion
Tenor 5 Years
Project Description
Municipal Financing for traditional market development
in Masbagik, East Lombok District
TRADITIONAL MARKET PUBLIC HOSPITAL
Municipal Project Profile (2)
Project Karangasem Public Hospital
Location Karangasem District, Bali Province
Commitment IDR 46 Billion
Tenor 5 Years
Project Description
Municipal Financing for Karangasem Public Hospital
Development in Karangasem District
22
A LEADING CATALYST IN FACILITATING INDONESIA’S INFRASTRUCTURE DEVELOPMENT
THANK YOU
Contact Us:
PT Sarana Multi Infrastruktur (Persero)
Sahid Sudirman Center, 48th Fl.
Jl. Jend. Sudirman No. 86, Jakarta 10220
Indonesia
(62-21) 8082 5288 (hunting),
(62-21) 8082 5288 (fax)
Website : www.ptsmi.co.id
Email : [email protected]
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