BUMN, One Institution Allotted Rp42.38 trillion from Finance Ministry
BUMNINC.COM | The Ministry of Finance (Kemenkeu) allocated State Capital Participation (PMN) of Rp42.38 trillion in the 2021 State Budget to eight state-owned enterprises (BUMN) and one institution.
“In total, the PMN allocation to BUMN and institutions reaches Rp42.38 trillion in the 2021 State Budget, granted to eight BUMNs and one institution,” Director of Separated State Assets of the Ministry of Finance Meirijal Nur stated in Jakarta on Friday (06/11/2020).
Nur noted that the eight BUMNs and one institution comprised PLN, Hutama Karya, the Multigriya Financial Facility (SMF), Bahana Indonesian Business Development (BPUI), Pelindo III, Indonesia Tourism Development Corporation (ITDC), Wijayakusuma Industrial Estate (KIW), PAL Indonesia, and Indonesia Eximbank or LPEI.
Nur elaborated that PLN will receive Rp5 trillion in PMN to be utilized as electricity infrastructure funding for transmission, sub-stations, and rural electricity distribution.
Hutama Karya received PMN of Rp6.2 trillion for the continuance of infrastructure development for the Trans-Sumatra toll road (JTTS) project that involves the construction of three toll roads.
SMF received PMN of Rp2.25 trillion to support the provision of long-term and low-cost funds to lenders of the Housing Loan (Housing Mortgage/KPR) Housing Finance Liquidity Facility (FLPP).
The BPUI received Rp20 trillion to boost business capacity in order to organize the insurance and guarantee industry. Pelindo III received Rp1.2 trillion for the development of the Benoa Port in order to support the Bali Maritime Tourism Hub Program.
ITDC received a PMN of Rp470 billion for infrastructure development and supporting facilities for the 2023 G20 Summit at TanaMori Labuan Bajo. KIW received a PMN allocation of Rp977 billion to support the development of an integrated industrial area (KIT) in Batang.
PAL Indonesia received Rp1.28 trillion to support the readiness of submarine production facilities and the procurement of supporting equipment for submarine production.
The Indonesia Exim Bank or the Indonesian Export Financing Agency (LPEI) obtained PMN of Rp5 trillion for the provision of financing, guarantees, and insurance as well as special export assignments. [] #bumninc.om
