PT BANK CENTRAL ASIA TBK Update: 20 April 2015
Jakarta, 20 April 2015 - PT Bank Central Asia Tbk (BCA) consistently performs its intermediation function; this time, it does so in support of Soekarno-Hatta (Soetta) airport train project, through financing its credit syndication. BCA Director Suwignyo Budiman, PT KAI Finance Director Kurniadi Atmosasmito, PT Railink President Director Heru Kuswanto and directors from other banks involved in the provision of credit syndication were present at the agreement signing in Jakarta, (20/4).
"In order to provide the best services to air transport users, PT Angkasa Pura II seeks to improve its facilities through various projects, including constructing a 12 km double-track train line from Soetta to Batu Ceper Station. Construction will be carried out primarily by PT KAI. BCA and three other banks support the project by providing credit syndication, which will hopefully maximize PT Angkasa Pura II and PT KAI's efforts in the development," explained Suwignyo.
The Soetta Airport train line is a realization of Perpres No. 83 Year 2011 on 24 November 2011 regarding the assignment of PT KAI (Persero) to Improve Train Facilities in Soekarno-Hatta and Jakarta-Bogor-Depok-Tangerang-Bekasi Outer Ring Road. The aim of this train development is to improve train services, especially for passengers from Jakarta to the airport, through Tangerang. The train will be operated by PT Railink, a joint corporation between PT KAI and PT Angkasa Pura II.
The Credit Agreement include:
- Rp 1.449.096.152.000 (one trillion four hundred forty nine billion ninety six million one hundred and fifty two thousand rupiah) credit syndication between PT KAI and Bank or 84% from total project expenses
- Rp 612.000.000.000,- (six hundred and twelve billion rupiah) credit syndication between PT Railink and Bank or 85% of Soetta airport train facilities project expenses
The credit agreement is set to last for 14 (fourteen) months since its signing. "The credit agreement is a form of our commitment to PT KAI in support of their government assignment to develop Soetta train line. With thi Bank syndication agreement, we hope the Soetta Airport train project can be accomplished on schedule," stated PT KAI Finance Director Kurniadi Atmosasmito.
Included in the credit syndication agreement, BCA also provides 25% credit from total loan. "We welcome this credit syndication cooperation. We hope the presence of Soetta Airport train line will help residents to access Soekarno-Hatta airport easier, and help establish the airport to be one of the world-class airports for its domestic and international users," concluded Suwignyo.
Suwignyo Budiman BCA Director (second right), Kurniadi Atmosasmito PT KAI Finance Director (third right), PT Railink President Director Heru Kuswanto (third left) and directors of other banks involved in the project signed the credit syndication facility agreement to help finance Soetta airport train development project in Jakarta (20/4). BCA and three other banks are providing a total loan worth Rp 1.449.096.152.000 (one trillion four hundred forty nine billion ninety six million one hundred and fifty two thousand rupiah) to PT KAI and Bank or 84% from total project expenses, while PT Railink will receive Rp 612.000.000.000,- (six hundred and twelve billion rupiah) or 85% of Soetta airport train facilities project expenses.
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About PT Bank Central Asia Tbk (as of December 31 2014)
BCA is one of the leading banks in Indonesia with a core focus on transaction banking business and providing loan facilities and solutions to corporate, commercial and SME, as well as consumer segments. At the end of 2014, BCA has had the privilege of providing transaction services to 13 million customer accounts through its extensive network of 1,111 branches, 16,694 ATMs and hundreds of thousands of EDCs interlinked with Internet & mobile banking services.
For more information, please contact:
PT BANK CENTRAL ASIA TBK
Corporate Secretary-Corporate Communication Subdivision
Public Relations
Address: Jl. MH Thamrin No. 1
Menara BCA Lt. 22
Jakarta Pusat
Telephone: (021) 2358-8000
Fax: (021) 2358-8300
E-mail: humas@bca.co.id
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