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Credit BRI To CCP 93.39 Million Dollars

Jakarta (ANTARA) - Bank BRI channel the investment credit to PT Kaltim Fertilizer (Persero) (CCP) worth 93.39 million U.S. dollars and the suspension of imports of 52.64 million dollars in guarantees for the construction of the boiler.

"This credit is to support the revitalization program initiated by the national fertilizer industry government and the development of fertilizer industry in Indonesia," said Director of Institutional Business and SOEs BRI Asmawi Sham, in signing the loan agreement in Jakarta on Thursday.

According to Asmawi, financing for development of coal boiler with a capacity of 2 x 220 MTPH.

Development is for the fulfillment of a steam boiler to the CCP in order to streamline factory plant operations.

BRI is also committed to provide "cash loan" worth Rp300 billion and a "non cash loan" to Rp200 billion for the company's operational and investment loans for construction of factories for a maximum of Rp1 PKT-5, 5 trillion.