PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) has signed a Memorandum of Understanding (“MoU”) with Indonesia Millennium Challenge Account (MCA-Indonesia) on Wednesday, July 24, 2013 at Bappenas Office, Jakarta. Along with the signing, PT Indonesia Infrastructure Finance (“PT IIF”) and PT Bank Rakyat Indonesia (Persero) Tbk (“BRI”) has also signed the MoU with MCA-Indonesia, as part of the implementation of Green Prosperity Project.
Green Prosperity Project is one of the biggest project of Compact programs, a grant program of the U.S. Government through the Millennium Challenge Corporation (MCC). Green Prosperity Project aims to find solutions to overcome the obstacles of economic growth, while supporting sustainable low-carbon commitments by the Government of Indonesia. One of the core activities of Green Prosperity Project is providing investment facilities that will provide grants and commercial funding to support economic development projects. PT SMI and PT IIF is designed to financing renewable energy projects and BRI is on natural resource management sector.
This MoU was expected to improve cooperation between parties in operational activities and investment financing facility of Green Prosperity Project.
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