Local and Foreign Banks Interested in Balikpapan RDMP Project

By Editorial Team 31/12/2021
Kilang 5
Summary

PT Refinery Pertamina Internasional (KPI) revealed several domestic and foreign banks were interested in the Balikpapan Refinery Development Master Plan (RDMP) project requiring up to US$7 billion worth of investment. KPI Finance Director Fransetya Hutabarat said that to optimize the funding strategy for the project, the company would be ready to collaborate with several state-owned banks, such as PT Bank Rakyat Indonesia Tbk (BRI), PT Bank Mandiri Tbk, PT Bank Negara Indonesia Tbk (BNI), PT Bank Tabungan Negara Tbk (BTN), and PT Bank Syariah Indonesia Tbk (BSI).

Fransetya claimed that such a funding scheme would be effective in developing the refinery and petrochemical megaproject in Balikpapan, East Kalimantan. "Several banks have sent letters of interest and indicated the number of funds to be provided for this megaproject. PT KPI has carried out intense communication with the Association of State-Owned Banks [Himbara] and several foreign banks," Fransetya explained on Thursday.

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