Indonesia: EIB Global agrees to support PT SMI on sustainable infrastructure development
- Memorandum of understanding in the context of sustainable infrastructure development in Indonesia.
- Joint commitment to work towards finalising a dedicated EIB credit line to spur sustainable investments.
- Demonstrates EIB Global’s commitment to promoting investment in climate change mitigation and resilience, part of the European Union’s Global Gateway initiative.
The development finance arm of the European Investment Bank – EIB Global – signed today a memorandum of understanding (MoU) with PT Sarana Multi Infrastruktur (Persero) (PT SMI), an Indonesian state-owned enterprise acting as a catalyst for sustainable development. The memorandum of understanding advances their joint commitment to accelerating sustainable infrastructure development in Indonesia, including to facilitate a sustainable energy shift in the country in line with the Just Energy Transition Partnership (JETP).
More specifically, the memorandum of understanding solidifies the commitment of EIB Global and PT SMI to working together more closely, with the goal of finalising a framework loan of up to €500 million that is subject to a suitable range of eligible investments. This credit line, to be intermediated by PT SMI, will target private and public entities involved in sustainable infrastructure sectors, including renewable energy initiatives and climate-focused projects across Indonesia.
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