Minister of information, communication, and technology (ICT), Johnny G. Plate, announced, the government secured US$545 million in project financing for the Indonesia Raya Satellite Multifunction Satellite (SATRIA-1), comprised of $431 million in term of loans and $114 million in equity. The satellite to be built by Thales Alenia Space and launched by SpaceX in early 2023.

Participating in the financing was France’ BPI France Export Credit bank, backed by Banco Santander, HSBC Continental Europe and the Korean Development Bank. The commercial loan portion is funded by KDB and together with the Asian Infrastructure Investment Bank (AIIB), he adds. The signing of the financing document was carried out on Feb. 24.

According to the minister, SATRIA-1 satellite will be used to provide internet access for 150,000 public service points where internet access is not yet available from a total of 501,112 public service points in Indonesia. The total satellite transmission capacity is 150 gigabyte per second (Gbps), so each point will get a capacity of 1 megabyte.