Active Mixed AidData Chinese Aid

ICBC contributes Rp 325 billion to Rp 5 trillion syndicated loan to PT Wijaya Karya to support its toll-road projects (Linked to Record ID#96746)

$23.21M USD

Funder	PT Bank ICBC Indonesia
Recipient Organization	PT Wijaya Karya Tbk (Wika)
Country	Indonesia
Start Date	Mar 01, 2017
End Date	Jan 21, 2031
Duration	5,074 days
Number of Grantees	1
Roles	Recipient
Data Source	AidData Chinese Aid
Grant ID	`96747`

Grant Description

BOC and ICBC contributions to IDR 5 trillion syndicated loan for PT Wijaya Karya Toll-road projects In March 2017, PT Wijaya Karya (Wika) entered into a Rp 5 trillion syndicated loan with 7 banks and state infrastructure financing firm PT Sarana Multi Infrastructure (SMI).

The financing details include Bank of Tokyo-Mitsubishi UFJ, Ltd. (lead the loan with Rp 1 trillion), Bank Maybank Indonesia, Bank of China (Record ID#96746), SMI (Rp 900 billion each), Bank Mizuho Indonesia, Bank ICBC Indonesia, Bank BNP Paribas Indonesia, and Bank CTCB Indonesia (who covered the rest of the sum).

The purpose of the loan was to support Wika's toll-road projects.

📋 Staff Comments

1. Individual contributions from Bank Mizuho Indonesia, Bank ICBC Indonesia, Bank BNP Paribas Indonesia, and Bank CTCB Indonesia toward the rest of the sum are unknown. For the time being, Aiddata assumes equal contribution from the 4 banks ( (5 trillion - 1 trillion - 3*900 billion) / 4 = Rp 325,000,000,000 each).

📚 Sources & References

Wika secures major loans
Annual report 2018 PT WIJAYA KARYA (PERSERO) Tbk
Annual report 2020 PT WIJAYA KARYA (PERSERO) Tbk 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.

All Grantees

PT Wijaya Karya Tbk (Wika)

Interested in applying for this grant?

Complete our application form to express your interest and we'll guide you through the process.

Apply for This Grant