PT Indonesia Infrastructure Finance (IIF) provided Cash Deficiency Support Rp600 billion to unit of PT Waskita Toll Road (WTR). This facility will be used to support the development of Pemalang – Batang toll road in Central Java.
The facility has a period of 18.5 years since the signing date or five years from the repayment date and have a grace period 13.5 years. During the grace period, the debtor bears interest at 3% in cash and a deferred interest at the Deposit Insurance Corporation rate plus 4.25%. The interest will be paid after the end of the grace period. Earlier, The Asian Development Bank (ADB) approved a $100 million financial intermediary loan to Indonesia, to help catalyze private sector investments in infrastructure projects.
