ICBC Indonesia provides IDR 350 billion loan to PT Perkebunan Nusantara XII for Reforestation Project

$25M USD

Funder	PT Bank ICBC Indonesia
Recipient Organization	PT Perkebunan Nusantara XII
Country	Indonesia
Start Date	Jan 01, 2017
End Date	Jan 31, 2026
Duration	3,317 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66405`

Grant Description

ICBC Indonesia provides IDR 350 billion loan to PT Perkebunan Nusantara XII for Reforestation Project In 2017, the Corporate Banking Branch of ICBC Indonesia and PT Perkebunan Nusantara XII signed an IDR 350 billion loan agreement for a Reforestation Project.

📋 Loan / Grant Terms

💰 Loan Amountare unknown

No additional details about the project are available.

However, PT Perkebunan Nusantara XII is an Indonesia state-owned enterprise engaged in cocoa, tea, sugar cane, rubber and coffee plantations.

📚 Sources & References

Annual Report 2017
Perkebunan Nusantara XII, 2019 PERKEBUNAN NUSANTARA III Annual Report Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.