PT Bank Negara Indonesia Tbk (BNI) and PT Bank Rakyat Indonesia Tbk (BRI) prepare IDR 5 trillion credits to PT Kereta Api (PT KA) to finance business expansion.
Vice President Deputy Head of Corporate Banking Division RL Dwi Mutiari said PT KA has prepared the credit proposal.
"BNI and BRI will lead aranger credit syndication for PT KA. PT KA actually needs IDR6 trillion funds," she said yesterday.
Vice President Deputy Head of Corporate Banking Division RL Dwi Mutiari said PT KA has prepared the credit proposal.
"BNI and BRI will lead aranger credit syndication for PT KA. PT KA actually needs IDR6 trillion funds," she said yesterday.
The fund will be allotted for expansion of PT KA such as the purchase of 150 units of locomotives produced by General Electric totally worth US$450 million.
Formerly US Exim Bank had expressed its interest to finance the purchase of 150 locomotive units here.
PT KA 150 units purchase here consists of 50 units which will be operated in South Sumatra to optimize coal transportation and the other 100 units for goods and passenger transportation in Java.
Formerly US Exim Bank had expressed its interest to finance the purchase of 150 locomotive units here.
PT KA 150 units purchase here consists of 50 units which will be operated in South Sumatra to optimize coal transportation and the other 100 units for goods and passenger transportation in Java.
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