JAKARTA - PT Indonesia Infrastructure Finance (IIF) won the 2024 FinanceAsia Achievement Awards in 3 award categories, namely Best Project Finance Deal - Southeast Asia Market Winner; Best Project Finance Deal - Indonesia Winner; and Best Issuer - Financial Institutions.
The international standard award was received directly by the Chief Investment Officer IIF, M. Ramadhan Harahap (Idhan) and Business Development Team Leader IIF, Luthfi Amara in Hong Kong on Wednesday, February 26.
Idhan expressed his gratitude and appreciation to all partners for their trust so far in using the IIF service.
"In addition to achieving appreciation for the issuance of environmentally-minded perpetual bond securities, this award is also a reflection of IIF's efforts to support the construction of the Cimanggis-Cibitung toll road infrastructure as one of the National Strategic Projects (PSN). This award is also our motivation to continue to make the best contribution in order to provide tangible benefits for infrastructure development in Indonesia".
This support was given through the provision of Cash Deficiency Support facilities to PT Cimanggis Cibitung Tollways at the beginning of the operation of the Cimanggis-Cibitung toll road project.
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This collaboration has completed a whole series of JORR 2 accesses that contribute to equal distribution of traffic so that it can reduce congestion on several toll roads such as Cikampek, Jagorawi, and JORR TB Simatupang and also provide significant economic benefits for the community.
In addition to winning the award, IIF also managed to record a net profit growth in 2024 of 17.63 percent to Rp122.51 billion compared to 2023 of Rp104.15 billion. The achievement of net profit was supported by the Company's operating income in 2024 which increased 2.90 percent to Rp1.37 trillion compared to 2023 of Rp1.33 trillion.
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