Signing of Financing Agreements for the Makassar – Parepare Railway – the First PPP Railway Project in Indonesia

Huge congratulations to PT Celebes Railway Indonesia, PT Indonesia Infrastructure Finance, PT Sarana Multi Infrastruktur (Persero) and PT Bank Syariah Indonesia, Tbk for the signing of conventional and Shari’a (Musharakah Mutanaqisah) facility agreements to fund the Makassar – Parepare, Railway project – the first ever railway public private partnership project in Indonesia with a project value of around IDR 1 Trillion!

The signing ceremony was attended directly by the Minister of Transportation who expressed his appreciation to all parties involved, emphasizing that the project is a historical milestone in Indonesian railway sector and demonstrates the huge potential collaboration between the Indonesian Government and private investors in developing Indonesian infrastructure projects through creative and out-of-the-box financing structure in this “new normal” era.

Led by our infrastructure and project finance partners, Kirana Sastrawijaya, and Putu Raditya Nugraha, we are proud to act as the leading borrower counsel in this exciting project that is expected to accelerate the economic growth and public welfare in Sulawesi. Looking forward to be more involved in the rapid development of Indonesian infrastructure projects!