State port operator, PT Angkasa Pura I (AP I) obtained loans from local lender, Bank Tabungan Negara, PT Sarana Multi Infrastruktur (SMI) and PT BRI Syariah with an overall value of Rp5 trillion.
The company will be looking for external funding sources of around Rp13 trillion to finance capital expenditure of Rp17.53 trillion in 2019. According to the President Director Faik Fahmi, the credit facility have a tenor more than 10 years, including a 5-year grace period.
