BOOK OF SIGNING

INDONESIA INVESTMENT FORUM

“A NEW PARADIGM IN INFRASTRUCTURE FINANCING”

NUSA DUA - BALI, 9 & 11 OCTOBER 2018

 SOE AND
SIGNING INFORMATION INVESTOR
Page
3. Strategic partner agreement .............................................................................. GMF AeroAsia & AFI KLM E&M
4. partnership agreement ............................... ITDC & PT China Communication Contruction Indonesia
Strategic Partnership in AVIATION MRO INDUSTRY
5. Mandalika urban & Tourism

6.
Infrastructure project (MUTIP) ................................................................................................................... ITDC & AIIB
indicative terms & pre-conditions &
for sez mandalika .......................................................................................................... ITDC & Indonesia Eximbank
7. head of agreement .......................................................................... ITDC, Menjangan Group & Amorsk Group PT GMF AeroAsia Tbk. AFI KLM E&M
8. head of agreement ............................................................................................... ITDC, WIKA & Menjangan Group PT GMF AeroAsia Tbk. is Indonesia’s #1 A global multiproduct Aviation MRO that
Aviation MRO (Maintenance, Repair & support almost 2000 aircrafts by 200 airlines
9. launching of kno strategic Overhaul) service provider covering wide
partnership selection process ........................................................................................................... Angkasa Pura II array of services with top facilities and long
standing track record
10. strategic partnership agrement .................................................... PT Pindad (Persero) & Waterbury Farrel
11. head of agreement .................................................... Antam & Ocean Energy Nickel International Pty Ltd
STRATEGIC PARTNERSHIP AGREEMENT
12. head of agreement ................................................................................................................. Inalum, Antam & Chalco
• Strategic Alliance between GMF and AFKL through industrial development support in Development of
13. head of agreement .......................................................................................................... PT KAI, INKA & Progress Rail Maintenance Capabilities and Process Improvements in Component, Engine and Airframe Maintenance.
• Potential Market flow from AFKL’s network to GMF.
14. head of agreement ........................................................ PT Boma Bisma Indra (Persero) & Doosan, Equitek • Subcontract potential from GMF to AFKL on capabilities not feasible to be developed inhouse.
15. dinfra - ojk effective statement .................................................................................................... Jasa Marga & OJK
16. subscription form of rdpt ....................... Jasa Marga & AIA, Allianz Life, IIF, Taspen, and Wana Artha Project description
17. framework agreement .......................................................................... Pertamina & CPC Corporation, Taiwan • The alliance will focus in GMF’s main facility in Jakarta.
18. memorandum of understanding ............................................................................................ Pertamina & Eni S.p.A • Potential Business Value of ± USD 400 million in 10 years
• All deliverables within the alliance are expected to be complete within 10 years
19. loan agreement ....................................................................................................................................................... PLN & KfW
20. loan agreement ............................................................................................................... Hutama Karya & Bank Mega
21. loan agreement ................................................................. Hutama Karya & Permata Bank, ICBC, MUFG, SMi DEAL VALUE OF USD 400 MILLION
22. loan agreement ............................................................ Hutama Karya & Mandiri, BNI, BRI, CIMB Niaga, SMi
23. sharia cross currency hedging IWAN JOENIARTO ANNE BRACHET
facility agreement ..................................................................................................................................... SMi & Maybank President & CEO EVP Air France Industries
PT GMF AeroAsia Tbk. -KLM E&M

Note: US$/IDR 13,400

3
 SOE AND SOE AND
INVESTOR LENDER
PARTNERSHIP IN AVIATION MROP INDUSTRY Tourism Destination Development Financing

& &
PT China Communications Indonesia Tourism
PT GMF AeroAsia Tbk. Development Corporation Asian Infrastructure Investment Bank
Construction Indonesia
PT GMF AeroAsia Tbk. is Indonesia’s #1 A company that Engages in design and Tourism Company Multinational Development Bank (MDB)
Aviation MRO (Maintenance, Repair & construction of transportation Established in 1973 to develop and operate Established in 2016 Multilateral Development Bank
Overhaul) service provider covering wide infrastructure, dredging and heavy machinery The Nusa Dua, Bali. Trusted by the government with mission to improve social and economic
array of services with top facilities and long manufacturing; its portfolio include Suramadu To develop a tourism destination The outcomes in Asia.
standing track record Bridge and Hongkong New Airport Platform Mandalika, Lombok.

Mandalika Urban & Tourism Infrastructure Project (MUTIP)

• The Project is expected to be approved by Bank’s Board of Directors in the first week of December 2018
PARTNERSHIP AGREEMENT (subject to successful negotiation)
• This will be the Bank’s first standalone financing in Indonesia and the Bank’s first investment into tourism
A Conditional Agreement in the form of a Joint Venture scheme (JV) or Project Financing specializing in infrastructure globally.
Aircraft Maintenance, Repair, Operation and Aviation related procurements.

Project description
Project description • he infrastructure development of The Mandalika tourism destination is expected to complete over a nine-
year period. between 2019-26, including two phases: Phase-I (2019-23) and Phase-II (2024-26).
• Equity participation in Joint Venture for Maintenance, Repair, Operation, & Procurement (MROP) or Project • The proposed Project will be focused on the Phase-I.
Financing in MROP projects. - Component 1: Provision of basic services and infrastructure would include new construction,
• Potential Business Value of ± USD 500 million. rehabilitation, and reconstruction of infrastructure in Mandalika as well as selected surrounding
communities.
- Component 2: Implementation Support and Capacity Building, to complement Component 1, would
provide Technical Assistance (TA) to increase the capacity of the ITDC in carrying out project activities
to a high standard.
DEAL VALUE OF USD 500 MILLION
FACILITY AMOUNT UP TO USD 248.4 MILLION
IWAN JOENIARTO FAN YILIN
President & CEO President Director Abdulbar M. Mansoer Supee Teravaninthorn
PT GMF AeroAsia Tbk. PT China Communications Chief Executive Officer Director General
Construction Indonesia ITDC AIIB
Note: US$/IDR 13,400 Note: US$/IDR 13,400
4 5
 SOE AND SOE AND
LENDER INVESTOR
Investment Opportunities in Tourism Destinations Development
Tourism Destination Development Financing

& Menjangan Group

Property / Land Owner

&
Co-Developer (Co-Investor)
Indonesia Tourism Amorsk Group
Development Corporation Indonesia Eximbank
Concession holder and Co-Developer
Tourism Company Financial Institution Amorsk is the exclusive developer of
Established in 1973 to develop and operate Financial institution owned by GOI. It was Indonesia Tourism Paramount Hotel Resort and Residences
The Nusa Dua, Bali. Trusted by the government established pursuant to the Act No.2 Year 2009 to Development Corporation
To develop a tourism destination The perform the National Export Financing (PEN). Developer
Mandalika, Lombok. State-owned company known for developing and
operating the Tourism Complex

Indicative Terms & Pre-conditions for SEZ Mandalika HEAD OF AGREEMENT

Following the release of Minister of Finance Decree (KMK) on the National Interest Account Facility (NIA)/ HOA Menjangan Group with Amorsk Group (Amorsk is the Indonesia country exclusive developer for
Export Special Assignment facility, Indonesia Eximbank is committed to further proceed the process of Paramount Hotels, Resorts and Residences or PHR - PHR is a licensee of Paramount Pictures, a Viacom
issuing such facility to the developer of Special Economic Zone (SEZ) Mandalika. owned Company).

Project description Project description

• 20 ha concession, development of 4 and 6 stars resort, infrastructure and stake in
• Provide a financing for development of tourism destination in SEZ Mandalika to ITDC as the developer of
Utilities company for the whole 100 ha
the SEZ (subject to final documentation, Committee approval in accordance with applicable provisions).
• Project located in Northern Bali near Menjangan Island
• The facility will finance the basic infrastructure development, the productive asset and UMKM facility in the
• The site occupies beachfront land with sandy beach and sea & mountain views
SEZ Mandalika.
• Expected to operate in 2022
• The economic analysis result shows that the SEZ Mandalika development as a tourism destination has a
significant social economic impact, which could contribute to the improvement of the local community
welfare.
DEAL SIZE UP TO USD 310 MILLION
JANITRA LIMMANTORO SYED NAZIAM SYED FAISAL
Chief Executive Officer President/Commisioner
FACILITY AMOUNT UP TO USD 89.5 MILLION Menjangan Group PT Amorsk Indonesia

SAIFFUL AZHAR SABARUDDIN DATO’ DR. IR. MOHD ABDUL

Abdulbar M. Mansoer Sinthya Roesly Developer Advisor
Chief Executive Officer Executive Director KARIM BIN Abdullah
ABDULBAR M. MANSOER Group CEO Serba Dinamik Holding Berhad
ITDC Indonesia Eximbank Chief Executive Officer
ITDC
Note: US$/IDR 13,400 Note: US$/IDR 13,400
6 7
 SOE AND SOE AND
INVESTOR INVESTOR
Investment Opportunities in Tourism Destinations Development STRATEGIC PARTNERSHIP IN AIRPORT INDUSTRY

PT Wijaya Karya (Persero) Tbk.

Engineering Procurement Construction Company

&
Dedicate to contribute the development by providing PT Angkasa Pura II
Menjangan Group
construction services in Indonesia (Persero)
Property / Land Owner
Co-Developer (Co-Investor) Airport Operator
Angkasa Pura II is one of the State-Owned
Enterprises that operates 15 airports in the
Indonesia western hemisphere since 1984
Indonesia Tourism
Development Corporation
PROJECT SCOPE
HEAD OF AGREEMENT Angkasa Pura II aims to expand its Kualanamu Airport (“KNO”) located in Medan, North Sumatera. Currently
KNO has the capacity to cater 9 million passenger per annum (mppa), which seems to grow even significant
Tourism Destination & Infrastructure Development in Northern Bali. every year. Supported by impressive economic growth of Sumatera, commitment from the Government
of Indonesia in developing infrastructure, and KNO’s geographical positioning, KNO has the potential to
PROJECT DESCRIPTION become the secondary international hub for Indonesia.

• 80 Ha beachfront site with sandy beach and open views to the sea and mountain.
• Project located in Northern Bali.
• The resort will be a lifestyle hub consisting of luxury hotel, villas, mangrove reserve. Marina LAUNCHING OF KNO STRATEGIC PARTNERSHIP SELECTION PROCESS
and cruise terminal.
• Expected to operate in 2022. • AP II is launching the selection process for KNO Strategic Partnership by inviting interested parties to
submit letter of interest to Angkasa Pura II and/or its financial advisor
• The objective of the process is to select the right strategic partner with 3 aims which are Expansion,
INVESTMENT VALUE UP TO USD 198 MILLION Expertise, and Equity

TUMIYANA INVESTMENT VALUE UP TO USD 500 MILLION

Chief Executive Officer
PT Wijaya Karya (Persero) Tbk. JANITRA LIMMANTORO
Chief Executive Officer
Abdulbar M. Mansoer Muhammad Awaluddin JENPINO NGABDI
&
Menjangan Group
Chief Executive Officer President Director President Director
ITDC Angkasa Pura II Danareksa Sekuritas

Note: US$/IDR 13,400 Note: US$/IDR 13,400

8 9
 SOE AND
TECHNOLOGY SOE AND
PARTNER INVESTOR
Strategic Partnership in Defense Industry STRATEGIC PARTNERSHIP IN MINING INDUSTRY
Small Bore Ammunition Plant

& &
PT Aneka Tambang Tbk Ocean Energy Nickel International
PT Pindad (Persero) Waterbury Farrel (Antam) Pty Ltd (OENI)
Established in 1983, Established in 1851, Waterbury is the manufacturer of A vertically integrated, export-oriented, A Singapore Registered Company that is
PT Pindad (Persero) is one of SOE in Indonesia ammunition equipment and rolling mills which has diversified mining and metals Indonesian SOE involved in Mining Investment activities
and specializes in manufacture and industry experienced for over 160 years in delivering costumer company
of military products. service worldwide.

STRATEGIC PARTNERSHIP AGREEMENT HEAD OF AGREEMENT

• Head of Agreement whereby Antam will provide a stable supply of nickel ore to NPI Blast Furnace project
Strategic Partnership Agreement to build a small bore ammunition plant in Turen, Malang. in Halmahera, North Maluku.
• OENI will ensure the Financial of the whole project and completion of construction on schedule.
• Antam will obtain 30% ownership (free carry) while OENI own 70% of the Project.
Project description
• To build a small bore ammunition plant in Turen, Malang: Project description
- Annual production capacity 120 mil. Cartridges
- Versatile concept capable manufacture large range of calibres incl. own cartridge designs • Halmahera Timur NPI Blast Furnace Project
(nontox, Pb, homogenous, non-lethal, tracer, etc.) • Located in Buli, Halmahera, North Maluku, The project will produce 30.000 tonnes of nickel in NPI per
- Focused on calibre 5,56x45 NATO M855 (SS109) annum. ( +/- 320.000 tonnes of NPI with Ni content of 7-10%). The plant will consist of 8 production lines.
- Immediately ready for 7.62x39 and 9x19 • The name of JV Company is PT Antam Niterra Haltim (“ANH”) and is owned by PT Aneka Tambang Tbk and
• Scheme of cooperation is BOT (for 10 years). Pindad will provide the land, Waterbury Farrel will be Ocean Energy Nickel International Pty Ltd
the technology partner. Financing will be provided by local investor or bank. • First 2 lines are expected to start production in Q4 2020. The whole 8 lines are expected to start production
by 2023

INVESTMENT VALUE UP TO USD 100 MILLION

DEAL VALUE OF USD 320 MILLION
Andre Nazarian
ABRAHAM MOSE President & CEO
Chief Executive Officer Magnum Integrated Technology Inc.
Arie Prabowo Ariotedjo Li PINGSHENG
PT Pindad (Persero) President Director Chairman and Director
Waterbury Farrel Division
PT Aneka Tambang Tbk Ocean Energy Nickel International
Note: US$/IDR 13,400 Note: US$/IDR 13,400
10 11
 SOE AND SOE AND
INVESTOR INVESTOR
STRATEGIC PARTNERSHIP IN MINING INDUSTRY Potential Cooperation in Transportation Industry

PT KAI (Persero)
A railway operator in Indonesia since 1945, which operates
passenger intercity and urban transport, and freight

&
PT Indonesia Asahan Aluminium transportation.
(Persero) (Inalum) Progress Rail

& Aluminum Corporation of

China Limited (Chalco)
Multinational aluminum company based in
PT INKA (Persero)
Established in 1981 is the first fully integrated rolling
Acquisition company by Caterpillar
Inc. since 2006, is one of the largest
integrated and diversified suppliers of
railroad and transit system products
PT Aneka Tambang Tbk China which is one of the biggest alumina stock manufacturer in Southeast Asia. Focus to deliver
producer in the world high quality products & services to customer. and services worldwide
(Antam)
HEAD OF AGREEMENT
HEAD OF AGREEMENT
HoA between KAI – INKA – Progress Rail for joint investment and technology collaboration for locomotive.
• Head of Agreement whereby Chalco will purchase PT Borneo Alumina Indonesia (“BAI”) shares in relation to
development of Smelter Grade Alumina Refinery (“SGAR”).
• SGAR will have alumina production capacity of 1 million tpa, located in Mempawah, West Kalimantan.
Project description
• Joint investment for locomotive workshop, transfer of knowledge design-manufacturing
Project description and testing locomotive.
• Potential Business Value of ± USD 500 million in 5 years
• Smelter Grade Alumina Refinery (SGAR) • Initial investment value USD 25 million for locomotive assembly workshop
• Inalum and Antam initially formed a JV, PT Borneo Alumina Indonesia (“BAI”) in which Chalco will • KAI – INKA scope of work:
incorporate in to develop Smelter Grade Alumina Refinery (SGAR) with capacity of 1 million ton per - Providing land
annum, through PT Borneo Alumina Indonesia. This project is one of the implementation of Regulation - Building infrastructure that connects with assembly facilities
No.4 of 2009 of Minerals and Coals. The refinery will processing Bauxite to Alumina which have 16x value - Utilities supply (water, electricity, etc)
added and will strengthen the value chain of Aluminum industry - Obtaining required licenses and permits
• The name of the JV Company is PT Borneo Alumina Indonesia (BAI) and will be owned by Inalum, Antam • Progress Rail scope of work:
and Chalco - Cost of design and construction of locomotive assembly facilities
• Operation is expected to start in Q1 2021 - Supplying all equipment and fixing plants related to locomotive facilities

DEAL VALUE OF USD 850 MILLION DEAL VALUE UP TO USD 500 MILLION
BUDI GUNADI SADIKIN EDI SUKMORO
President Director
PT Indonesia Asahan Aluminium (Persero)
Lu Dongliang President Director of
PT KAI (Persero)
Patrick O‘Donnel
President Senior Vice President Australia
Arie Prabowo Ariotedjo Aluminum Corporation
of China Limited
Budi Noviantoro and South East Asia of Progress Rail
President Director President Director of
PT Aneka Tambang Tbk PT INKA (Persero)
Note: US$/IDR 13,400 Note: US$/IDR 13,400
12 13
 SOE AND SOE AND
INVESTOR INVESTOR
Strategic Partnership in Manufacturing Industry Investment Opportunities in Construction & Infrastructure

Doosan Infracore Co. Ltd.

PT Jasa Marga (Persero) Tbk.
Established in 1958, Doosan Infracore is one of
Toll Road Company

&
Doosan Portofolio Business in Korea specializes in
Established in 1978. It is the leading toll road operator
manufacture and industry of engine
and developer in Indonesia with 1,527 km of toll road Otoritas Jasa Keuangan
PT Boma Bisma Indra (Persero)
Established in 1971, PT Boma Bisma Indra
EQUITEK
MANAGEMENT & TECHNOLOGY
concessions. Currently holds 65% market share of
operated toll road in Indonesia & Indonesian Financial Services Authority

(Persero) is one of SOE in Indonesia and PT Equiti Manajemen Teknologi

specializes in manufacture and industry of
Established in 2017, Equitek is management and
steel works and diesel engine
technology services company to ensure efficient PT Bank Mandiri (Persero) Tbk.
supply chain of engine manufacturing Financial Institution
Bank Mandiri is an a the biggest bank in Indonesia in terms of asset, loan,
and deposits. Established in October 2, 1998 and majorityowned by the
HEAD OF AGREEMENT Government of Indonesia

Strategic Partnership Agreement to support Indonesia’s National Marine

Engine Manufacturing for Sea Toll Way.
Project description
• This Strategic Partnership Agreement is an enhancement of MoU signing on September 10, 2018 in Seoul.
• In this Joint Investment for National Marine Engine Manufacturing for Sea Toll Way, Doosan commit to support
BBI in Transfer for Technology (TFT) developing engine business to support Indonesia National Engine
Manufacturing from the commencing steps with a goal to achieve 100% localization/self design diesel engine.
• Value for technology investment equals USD 32 mn and production facilities investment equals USD 153
mn. Business and financial model will be defined and the capital contributors shall be determined by mutual
agreement.
• All deliverables within the partnership are expected to be complete within 13 years.
DINFRA – OJK Effective Statement
DINFRA is an Infrastructure Investment Fund (Mutual Fund) designed to switch bank loan financing to capital
market financing and equity fundraising for its capex purposes. OJK is to sign an effective statement for
DINFRA to be launched to the market.
Project description
• Fundraising for Jasa Marga Capex Purposes through Infrastructure Investment Fund (Mutual Fund)
agreement with toll road investors.
• The first issuance will be new shares subscription from DINFRA with potential of other issuances both
equity and debt instrument with total size up to USD 122 million.

INVESTMENT VALUE OF USD 112 MILLION

INVESTMENT VALUE OF USD 185 MILLION JOON HO YOO
Executive Vice President Desi Arryani
Doosan Infracore Co. Ltd. Chief Executive Officer
HOESEN
Rahman Sadikin Rudy Setyopurnomo
PT Jasa Marga (Persero) Tbk.
Head of Capital Market
President Director
PT Boma Bisma Indra (Persero)
President Director KARTIKA WIRJOATMODJO Otoritas Jasa Keuangan
PT. Equiti Manajemen Teknologi President Director
PT Bank Mandiri (Persero) Tbk.
Note: US$/IDR 13,400 Note: US$/IDR 13,400
14 15
 SOE AND SOE AND
INVESTOR INVESTOR
Investment Opportunities in Construction & Infrastructure
Investment Opportunities in Oil & Gas

PT Jasa Marga (Persero) Tbk. & &

Toll Road Company
Established in 1978. It is the leading toll road operator PT Pertamina (Persero) CPC Corporation, Taiwan (CPC)
and developer in Indonesia with 1,527 km of toll road
concessions. Currently holds 65% market share of AIA, Allianz Life, IIF, Pertamina is state-owned energy company CPC is the state-owned energy company of
operated toll road in Indonesia in Indonesia, engages in business activities Taiwan and carries out business in supplying
Taspen, and Wana Artha in the oil & gas (upstream, midstream, and petroleum products, natural gas and the basic
Financial Institutions downstream) sector as well as new and raw materials for petrochemicals in Taiwan
Well-known international and local financial renewable energy projects
institutions and insurance companies
PT Bank Mandiri (Persero) Tbk.
Financial Institution
Bank Mandiri is an a the biggest bank in Indonesia in terms of
asset, loan, and deposits. Established in October 2, 1998 and
FRAMEWORK AGREEMENT
majorityowned by the Government of Indonesia • The Framework Agreement between Pertamina and CPC will set out roles and responsibility of both
parties and confirm basis development and implementation of the project
Subscription form of RDPT
RDPT is a closed-type fund, designed to recycle Jasa Marga’s assets for its capex purposes. Underlying of
the RDPT is 3 Jasa Marga’s subsidiaries that own concessions and operate toll road. Investors are to sign Project description
subscription form as an agreement to invest in RDPT.
• Pertamina-CPC Petrochemical Complex Project
• The Petrochemical Project aims to cooperate for the development of world-class scale naphtha cracker and
Project description build downstream derivative units that can fulfill shortage product in Indonesia (Propylene, Polyethylene,
Butadiene, etc.)
• Asset recycling for Jasa Marga Capex Purposes through RDPT Equity agreement with toll road investors.
• The JV Company may consists Pertamina, CPC Corporation and other potential downstream players
• Stage I has been completed in July. The purpose of stage I is for acquiring 20% stake of each subsidiary.
• Projected on stream in 2026

INVESTMENT VALUE OF USD 224 MILLION

DESI ARRYANI DEAL VALUE UP TO USD 6.5 BILLION
Chief Executive Officer
PT Jasa Marga (Persero) Tbk. JOOS LOUWERIER
Chief Executive Officer NICKE WIDYAWATI Chein Tai
KARTIKA WIRJOATMODJO Allianz Life Indonesia President Director Chairman
President Director PT Pertamina (Persero) CPC Corporation, Taiwan
PT Bank Mandiri (Persero) Tbk.

Note: US$/IDR 13,400 Note: US$/IDR 13,400

16 17
 SOE AND SOE AND
INVESTOR INVESTOR
Investment Opportunities in Oil & Gas Investment Opportunities in Construction & Infrastructure

& &
PT Pertamina (Persero) Eni S.p.A PT PLN (Persero) KfW
Pertamina is state-owned energy company Italy’s National Energy Company incorporated A State Owned Enterprise (SOE) owned by the KfW is one of the world’s leading promotional
in Indonesia, engages in business activities in 1953 engages in oil, gas, petrochemical and Government of Indonesia, with a primary business banks with commitment on improving
in the oil & gas (upstream, midstream, and renewable energy. Eni had operations in 73 of supplying electricity to meet public requirements economic, social and ecological living
downstream) sector as well as new and countries including Indonesia conditions all around the world on behalf
renewable energy projects of the Federal Republic of Germany and the
federal states.

MEMORANDUM OF UNDERSTANDING LOAN AGREEMENT

• Agreement between Pertamina and Eni are to establish potential partnership in energy covering Loan agreement between PLN and KfW to fund PLN’s Ulumbu – Mataloko geothermal
upstream, midstream and downstream sector that will give benefits for both entities. power plant in NTT .
• The agreement is effective from the date of signing until parties have entered into fully-termed
agreements implementing all of the projects or terminated by either party
• The agreement between PT Pertamina (Persero) and Eni S.p.A had been signed on September Project description
21st 2018 in Venice, Italy
• Ulumbu-Mataloko is one of PLN’s geothermal programmes, aiming to fulfill electricity demands in NTT.
• The project consists of several power plants constructions as follows:
Project description - Ulumbu 5 GPP (20 MW);
- Mataloko 2 GPP (10 MW); and
• Potential partnership in energy covering upstream, midstream and downstream sectors - Mataloko 3 GPP (10 MW).
• Exploring potential business opportunities in the upstream, midstream, downstream, petrochemical • Ulumbu 5 GPP is located at:
and NRE sector, such as green refineries project, revamping project, technology licensing, research Desa Wewo, Kec. Satar Mese, Kab. Manggarai – NTT, meanwhile Mataloko 2-3 GPP is located at Desa
& development, sale, purchase, exchange and trading optimization for crude, oil, LPG, and LNG, any Todabelu, Kec. Golewa, Kab. Ngada – NTT.
commercial activities, potential collaboration in midstream gas & LNG project, etc
• Partnership will be between PT Pertamina (Persero) with Eni S.p.A
• Project is expected to start 2 years after FID (only for bio refinery project) INVESTMENT VALUE OF EUR150 MILLION
Angela Tormin
SOFYAN BASIR Director
Nicke Widyawati Giuseppe Ricci Chief Executive Officer KfW Office Jakarta
President Director Chief Refining and Marketing Officer PT Perusahaan Listrik Negara (Persero)
PT Pertamina (Persero) Eni S.p.A Jens Wirth
Senior Sector Coordinator
KfW Office Jakarta
Note: US$/IDR 13,400 Note: US$/IDR 13,400
18 19
 SOE AND SOE AND
LENDER LENDER
TOLL ROAD FINANCING TOLL ROAD FINANCING
Pekanbaru – Dumai Toll Road Asset Monetization of Akses Tanjung Priok Toll Road to Cover Equity Portion of Pekanbaru – Dumai

& Financial Institution

Well-known financial institution in
PT Hutama Karya (Persero)
Construction Company
PT Bank Mega Tbk.
Financial Institution
PT Hutama Karya (Persero) & Asia and Domestic

Established in 1960, one of the State Owned
construction and infrastructure company. In
2014, mandated by the GOI to develop the
2,770 Km Trans- Sumatera Toll Network
Established in 1969, Bank Mega is a
Construction Company
national private bank with a strong capital
Established in 1960, one of the State Owned
structure, wide branch network and offer
construction and infrastructure company. In
innovative banking solution
2014, mandated by the GOI to develop the
Financial Institution
2,770 Km Trans- Sumatera Toll Network Public and Social Infrastructure
financing institute

Loan Agreement
LOAN AGREEMENT
The financing is to cover the loan portion of Pekanbaru-Dumai Toll Road.
The financing is to cover the equity portion of Pekanbaru - Dumai Toll Road.
Project description
• Bilateral loan financing between Hutama Karya, a leading national Construction Company with Bank
Mega, a national private bank to support the Government program to accelerate the infrastructure
Project description
facilities. • Government of Indonesia has categorized Pekanbaru – Dumai Toll road as the priority sections (11 in total)
• Government of Indonesia has categorized Pekanbaru – Dumai Toll road as the priority sections (11 in among all sections of Trans Sumatera Toll Road.
total) among all sections of Trans Sumatera Toll Road. • The toll road is expected to be fully operational by 2020 with total length of 131 km.
• The toll road is expected to be fully operational by 2020 with total length of 131 km.

INVESTMENT LOAN USD 523 MILLION

CDS LOAN USD 392 MILLION FACILITY AMOUNT UP TO USD 336 MILLION

Bintang Perbowo Kostaman Thayib Bintang Perbowo Pancaran Affendi

Chief Executive Officer President Director Chief Executive Officer Deputy General Manager Head of
PT Hutama Karya (Persero) PT Bank Mega Tbk. PT Hutama Karya (Persero) Global Corporate Banking MUFG
Note: US$/IDR 13,400 Note: US$/IDR 13,400
20 21
 SOE AND SOE AND
LENDER INVESTOR
TOLL ROAD FINANCING SHARIA CROSS-CURRENCY HEDGING
Terbanggi Besar – Pematang Panggang – Kayu Agung Toll Road

& Financial Institution

&
Well-known financial institution in Asia
and Domestic
PT Hutama Karya (Persero)
PT SMI (Persero) Maybank Indonesia
Construction Company SOE that plays active role as catalyst Member of the 4th largest bank in Southeast
Established in 1960, one of the State Owned in facilitating national infrastructure Asia with the largest sharia business unit by
construction and infrastructure company. In development assets in Indonesia
2014, mandated by the GOI to develop the Financial Institution
2,770 Km Trans- Sumatera Toll Network Public and Social Infrastructure
financing institute
Sharia Cross Currency Hedging Facility Agreement
LOAN AGREEMENT
• The first sharia-compliant cross currency hedging instrument in Indonesia
The financing is to cover the loan portion of Terbanggi Besar-Pematang Panggang-Kayu Agung Toll Road. • Market deepening for local Sharia Financial Market
• Prudent forex risk management
• Alternative source of liquidity for infrastructure financing

Project description
• Government of Indonesia has categorized Terbanggi Besar – Pematang Panggang and Pematang
Panggang – Kayu Agung Toll road as the priority sections (11 in total) among all sections of Trans Sumatera
Toll Road.
• The toll road is expected to be fully operational by 2019 with total length of 185 km.

COVERAGE VALUE WORTH USD 128 MILLION

INVESTMENT LOAN UP TO USD 684 MILLION
CDS LOAN UP TO USD 388 MILLION EMMA SRI MARTINI
CEO PT Sarana Multi
Taswin Zakaria
Chief Executive Officer
Infrastruktur (Persero)
Bintang Perbowo Rahardja Alimhamzah PT Bank Maybank Indonesia Tbk

Chief Executive Officer Business Banking Director

PT Hutama Karya (Persero) PT Bank CIMB Niaga Tbk.
Note: US$/IDR 13,400 Note: US$/IDR 13,400
22 23
 INDONESIA
INVESTMENT
FORUM