Minister of Finance (Menkeu) Sri Mulyani said, PT Penjaminan Infrastruktur Indonesia (Persero) or PII has financed 48 infrastructure projects in the country.
According to him, PT PII's 13-year journey has become a solution for the urgent needs of state infrastructure.
Sri Mulyani assessed that many infrastructures would not be completed, if there was no financing and guarantee from PT PII.
"So, basically when talking about the 13-year journey that was conveyed by the President Director of PT PII, now there are 48 BUMN infrastructure and guarantee projects of up to Rp. 533 trillion, with a guarantee value of Rp. 94 trillion, the figure looks simple like that, but this actually illustrates the journey from the Ministry of Finance to form PT PII," said Sri Mulyani at the 13th PT PII Anniversary event in Jakarta, Wednesday, March 1.
Sri Mulyani assessed that PT PII managed to reduce the infrastructure gap between one region and another. This is because previously infrastructure development had to wait for the budget from the state budget.
However, with the company, said Sri Mulyani, the government can now be more flexible in disbursing funds in the development of state infrastructure.
PT PII itself is known to have a financing scheme called innovative financing, which involves private parties through the Government Cooperation with Business Entity (PPP) scheme.
This instrument innovation makes it easier for infrastructure development to be carried out quickly, because it is not only borne by state budgets.
"If we look at the gap infrastructure in Indonesia, it is extraordinary, hundreds of trillions or even thousands of trillions of gaps, needs ranging from clean water, roads, not dams, irrigation, everything is so big, if we wait for the availability of the state budget every year, it will definitely not (have happened)," said Sri Mulyani.
"Because of KPBU, so these are some (infrastructure projects) that were previously impossible to become probable. So, the project may be completed," he added.
On the same occasion, President Director of PT PII M. Wahid Sutopo said that his party had received State Equity Participation (PMN) of Rp. 10.655 trillion and distributed guarantees in 2022 worth Rp. 95 trillion, since the company was first established.
The guarantee supports 48 projects with an investment value that can be raised of IDR 497 trillion.
"Based on a study conducted by PT PII assisted by several universities, PT PII guarantee projects are expected, projected to improve the national economy during the concession period which ranges from 15 to 30 years of 1,100 trillion from various sectors," he added.
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