Staff Of The Minister Of SOEs: The Amount Of Debt Interest For The KCJB Project From China Is 3.1-3.2 Percent

Special Staff to the Minister of State-Owned Enterprises Arya Sinulingga. (Photo: Mery Handayani/VOI)

JAKARTA - Loan funds from China Development Bank (CDB) to cover the cost overrun or swelling costs of the Jakarta-Bandung High Speed Train (KCJB) project have been disbursed.

The total funds obtained from the loan reached Rp6.9 trillion. Then how much is the interest from the loan?

The Special Staff (Staffsus) of the Minister of SOEs, Arya Sinulingga, said that there are two loan facilities from this CDB. For loans in US dollars, the interest reached 3.2 percent. Meanwhile, for loans in the form of interest allowances, it reached 3.1 percent.

"The flower is for the dollar 3.2 percent. For the RMB, the range is 3.1 percent," he said when met in the Central Jakarta area, Wednesday, February 21.

Arya believes that PT Kereta Api Indonesia (Persero) or KAI as the leader of the BUMN consortium in the KCJB project can repay loans from CDB. Moreover, he said, the mode of transportation was busy.

"Back. Now there are a lot of girls riding," he explained.

Previously, it was reported that PT Kereta Api Indonesia (Persero) or KAI officially received a loan from the CDB to cover the cost overrun for the KCJB project.

The funds obtained from this CDB amounted to 448 billion US dollars or equivalent to Rp6.99 trillion (assuming an exchange rate of Rp15,626 per US dollar).

Based on material facts submitted by KAI to the Indonesia Stock Exchange (IDX), KAI received the disbursement of loans from the CDB on February 7. It was also explained that the disbursement of loans was received by PT Kereta Api Indonesia (Persero) with two different currencies, namely the US dollar and the Chinese Yuan (CNY).

In detail, facility A amounted to 230,995,000 US dollars. Then, the B RMB Equivalence facility is 217,080,000. US dollars or 1,542,787,560 CNY rate 1 / 7,107 dated February 5, 2024.

"The disbursement was immediately forwarded to PT Pilar Sinergi BUMN Indonesia (PSBI) on February 7, 2024," said Executive Vice President of Corporate Secretary Raden Agus Dwinanto Budiadji in the IDX's public information disclosure, quoted Tuesday, February 13.

For your information, PSBI is a consortium of SOEs on the Jakarta-Bandung high-speed rail project.

The consortium consists of four SOEs, namely KAI, PT Wijaya Karya (Persero) tbk or WIKA, PT Jasa Marga (Persero) Tbk, and PT Perkebunan Nusantara VIII (Persero) or PTPN VIII.

In the consortium, KAI became the majority shareholder.