Project ID: 66414

ICBC Indonesia provides $110 million loan for Integrated Palm Oil Plantation Development Project

Commitment amount

$ 126757197.27230713

Adjusted commitment amount

$ 126757197.27

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

Private debt

Infrastructure

No

Category

Intent

Mixed (The next section lists the possible statuses.)

Commercial

Development

Representational

Mixed

Financial Flow Classification

OOF-like (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, ICBC Indonesia and PT Megah Prima Sejahtera (or Megahprima Sejahtera) signed a $110 million bilateral loan facility for an Integrated Palm Oil Plantation Development Project. No additional information about the loan or the project is available.

Number of official sources

2

Number of total sources

2

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Details

Cofinanced

No

Direct receiving agencies [Type]

Megah Prima Sejahtera PT (Indotrack) [Private Sector]

Loan Details

Bilateral loan

Investment project loan