ICBC Indonesia provides $110 million loan for Integrated Palm Oil Plantation Development Project

$110M USD

Funder	PT Bank ICBC Indonesia
Recipient Organization	Megah Prima Sejahtera PT (Indotrack)
Country	Indonesia
Start Date	Jan 01, 2017
End Date	Jun 22, 2026
Duration	3,459 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`66414`

Grant Description

ICBC Indonesia provides $110 million loan for Integrated Palm Oil Plantation Development Project In 2017, ICBC Indonesia and PT Megah Prima Sejahtera (or Megahprima Sejahtera) signed a $110 million bilateral loan facility for an Integrated Palm Oil Plantation Development Project. No additional information about the loan or the project is available.

📚 Sources & References

Annual Report 2017
Annual Report 2018 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.