PT SMI Provides Support to PT INKA for Electric Rail Train (KRL) Trainset Procurement

PT SMI continues to be committed to accelerating the provision of environmentally friendly transportation in Indonesia, one of the real manifestations is together with Bank Mega in supporting PT INKA for the procurement of 16 Electric Rail Trainsets (KRL). This Support Profile is realized through the signing of a Syndicated Credit Agreement worth IDR 2.1 trillion, where the portion of financing from PT SMI reaches IDR 850 billion. Financing from PT SMI functions as a catalyst that can be an enabler for the IDR 3.8 trillion project owned by PT Kereta Commuter Indonesia, a subsidiary of PT KAI.

This signing was carried out by the Head of the Sustainable Financing Division of PT SMI - Benedictus Pudji Hartono together with the Credit Business Head of Bank Mega - Ferry Oktavianus Mantiri and the Corporate Syndication Head of Bank Mega - Anton Prabowo Argo on (9/9). In this agreement, PT SMI acts as a financing provider through the Sustainable Financing Division and as a Joint Mandated Lead Arranger (JMLA) through the Consulting Services Division.

As the only rolling stock manufacturer in Indonesia, this collaboration not only strengthens domestic production capacity, but also helps reduce dependence on imports. This support is a real step for PT SMI in carrying out its mandate to encourage the acceleration of sustainable development in Indonesia, namely by supporting the provision of environmentally friendly public transportation that provides benefits to society and the environment.