Overview

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

Commitments (Constant USD, 2023)$117,053,902

Commitment Year•2017Country of Activity•IndonesiaDirect Recipient Country of Incorporation•IndonesiaOverseas Jurisdiction•IndonesiaSector•Agriculture, Forestry, FishingFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jan 1, 2017

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

PT Bank ICBC Indonesia

Receiving agencies

Private Sector

Megah Prima Sejahtera PT (Indotrack)

Loan description

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

Interest type•Unknown

Narrative

Full Description

Project narrative

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.