Project ID: 66405

ICBC Indonesia provides IDR 350 billion loan to PT Perkebunan Nusantara XII for Reforestation Project

Commitment amount

$ 30142636.675817188

Adjusted commitment amount

$ 30142636.68

Constant 2021 USD

Summary

Funding agency [Type]

Industrial and Commercial Bank of China (ICBC) [State-owned Commercial Bank]

Recipient

Indonesia

Sector

Agriculture, forestry, fishing (Code: 310)

Flow type

Loan

Level of public liability

Other public sector debt

Infrastructure

No

Category

Intent

Development (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

Vague (Official Finance) (The next section lists the possible statuses.)

Official Development Assistance

Other Official Flows

Vague (Official Finance)

Flows categorized based on OECD-DAC guidelines

Project lifecycle

Status

Pipeline: Commitment (The next section lists the possible statuses.)

Pledge

Commitment

Implementation

Completion

Suspended

Cancelled

Milestones

Commitment

2017-01-01

Description

In 2017, the Corporate Banking Branch of ICBC Indonesia and PT Perkebunan Nusantara XII signed an IDR 350 billion loan agreement for a Reforestation Project. The borrowing terms of the loan are unknown. No additional details about the project are available. However, PT Perkebunan Nusantara XII is an Indonesia state-owned enterprise engaged in cocoa, tea, sugar cane, rubber and coffee plantations.

Number of official sources

1

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

PT Perkebunan Nusantara XII [State-owned Company]

Implementing agencies [Type]

PT Perkebunan Nusantara XII [State-owned Company]

Loan Details

Bilateral loan

Investment project loan