Distributing Syndicated Loans, BRI Supports World Superbike International Event

Suara.com – BRI (BBRI) together with members of the Association of State-Owned Banks (HIMBARA) provided credit facilities to PT Pembangunan Wisata Indonesia (Persero) or Indonesia Tourism Development Corporation (ITDC), which is a state-owned enterprise developing the Special Economic Zone (KEK) of Mandalika, West Nusa Tenggara (NTB) . This collaboration between BRI and ITDC was realized by the signing of the Syndicated Credit Facility Agreement on September 3, 2021 ago at the Ministry of SOEs Building.

“Through this syndicated financing, BRI participates by providing Investment Loans with a portion of Rp. 100 billion from a total of Rp. 400 billion of Syndicated loans, Working Capital Loans with a portion of Rp. 37.5 billion and SBLC Facilities with a limit of EUR 4.8 million,” said the Director of Wholesale Business and BRI Institution, Agus Noorsanto.

BRI as one of the state-owned banks is involved in financing the syndicated development of the Mandalika Special Economic Zone (KEK), NTB, including for the construction of the Special Area Road (JKK)/Street Circuit and financing the implementation of motorcycle racing events. The financing is carried out together with other state-owned banks, namely Mandiri, BNI, & BTN which are members of the HIMBARA Syndicate.

ITDC focuses on preparing for the World Superbike international motorcycle racing event on 19-21 November 2021, and MotoGP in March 2022 at Pertamina Mandalika International Street Circuit, Mandalika. This circuit was inaugurated directly by the President of the Republic of Indonesia, Joko Widodo, on Friday, November 12, 2021.

Also Read: President Joko Widodo Tests the Mandalika Circuit, This is the Change in Motorcycle Design

Agus also said that he was grateful that BRI was able to take part in preparing financing related to the completion of the construction of the Mandalika Circuit which will be used to organize world-class events such as World Superbike & MotoGP which has attracted international attention.

He admitted that the process of providing syndicated financing facilities to ITDC took a long time and was grateful that it finally materialized through the signing of the syndicated credit facility agreement which was signed in early September.

BRI hopes that the organization of racing events at the Mandalika Circuit can run smoothly and bring Indonesia’s good name in the international arena, especially in world-class motorcycle racing events. The collaboration between SOEs in the form of a syndicated credit facility is a form of solid commitment from BRI and shows high confidence in ITDC’s commitment to developing The Mandalika Area as a super priority destination area.

“We believe that the existence of the Mandalika International Street Circuit and the organization of world-class racing events will be able to generate Indonesian tourism, especially NTB, in the midst of the pandemic, as well as grow the community’s economy through the absorption of local MSME products as MotoGP and WSBK Official Merchandise which have high economic value. ‘ closed Agus.

Also Read: Inaugurating Mandalika Circuit, Jokowi: Ready to be Used for World Class Events

Source: Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com.

*The article has been translated based on the content of Suara.com – Berita Terbaru Bisnis, Ekonomi, Investasi Indonesia by www.suara.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!