Witnessed by Minister of Finance, PT SMI Signs 3 Multi-Sector Financing Facilities Worth IDR 735.7 Billion

Jakarta, March 12, 2025 – PT Sarana Multi Infrastruktur (Persero) (PT SMI) has shown concrete steps in transforming into a Development Finance Institution (DFI) to play a more active role in supporting national development. As a DFI that focuses more on creating a greater impact on the socio-economic community, PT SMI has signed 3 financing facilities in the education and health sectors, as well as the provision of drinking water. PT SMI signed a financing facility with a total value of IDR 735.7 billion with Universitas Gadjah Mada (UGM), the Regional Public Company (Perumda) Tirta Pakuan of Bogor City, and Perumda Air Minum Surya Sembada of Surabaya City on Wednesday, March 12, 2025, at the PT SMI office, Sahid Sudirman Center Building, Jakarta. The signing ceremony was attended by the Minister of Finance of the Republic of Indonesia, Sri Mulyani Indrawati along with staff from the Ministry of Finance, the Mayor of Bogor, Dedie Rachim, the Regional Secretary of Surabaya City, Ikhsan, the Chancellor of UGM, Prof. dr. Ova Emilia, M.Med.Ed., Sp.OG(K)., Ph.D, President Director of Perumda Tirta Pakuan, Bogor City, Rino Indira Gusniawan, President Director of Perumda Air Minum Surya Sembada, Surabaya City, Arief Wisnu Cahyono, to President Director of PT SMI, Reynaldi Hermansjah along with PT SMI staff.

The first agreement is the Provision of Sharia Investment Financing Facilities between PT SMI and UGM for the development of the University's Academic Hospital (RSA). This is a new breakthrough by PT SMI, because it is the first financing for a State University with Legal Entity (PTNBH) in Indonesia. PT SMI will distribute a loan worth IDR 405.3 billion to build a new building for RSA UGM, as well as providing the latest medical equipment. UGM Chancellor, Prof. dr. Ova Emilia, M.Med.Ed., Sp.OG(K)., Ph.D. also expressed gratitude for the support from PT SMI to strengthen UGM's position as a reference for research facilities and education of Health professions in Indonesia. RSA UGM will be upgraded to a Type A Hospital, as well as increasing its capacity to 650 beds, services for 40,378 inpatients, and 271,496 outpatients.

In addition to financing facilities in the education and health sectors at the same time, PT SMI also signed financing facilities with 2 regional drinking water management companies. The first is a financing cooperation plan for Perumda Air Minum Surya Sembada, Surabaya City worth IDR 160 billion which will be used for the rehabilitation of the pipe network in 2025 and 2026. This year, the main and secondary pipe networks of approximately 25 kilometers will be replaced, because they are 20 to 100 years old. This will reduce Non Revenue Water (Non-Revenue Water) due to old pipes. The Regional Secretary of Surabaya City, Ikhsan hopes that the rehabilitation of the pipe network will improve the reliability of water distribution in the Surabaya City service area, so that the quality of water reaching the community can be even better.

Furthermore, PT SMI also signed a cooperation agreement with Perumda Tirta Pakuan Kota Bogor worth Rp 170.4 billion, which was allocated for two Drinking Water Supply System (SPAM) development projects, namely SPAM Cikereteg and SPAM West Bogor / Ciwaringin in Bogor City. Bogor Mayor, Dedie Rachim, said that there would be an additional 40 thousand house connections from the development of the two SPAM projects. The loan from PT SMI will also increase the capacity and distribution of clean water in the Cikereteg area by 200 liters per second and West Bogor by 300 liters per second.

Through these 3 signings, PT SMI shows its commitment to encouraging growth in various sectors, through development that has an impact. “As part of the transformation process into DFI, PT SMI wants to continue to create as many and as wide benefits as possible for the community. With UGM we can help improve the quality of education and health that will produce a smart and competitive generation, in line with increasing access to health services for the community. Likewise, the financing cooperation with Perumda Tirta Pakuan and Perumda Air Minum Surya Sembada, allows the people of Bogor City and Surabaya City to get access to adequate drinking water. In the future, we will be more active in mapping the various needs of the community, so that services in various sectors can be more effective and efficient,” said President Director of PT SMI Reynaldi Hermansjah.

In this event, a regional debt financing application was also launched, the result of coordination between 4 Ministries, namely the Coordinating Ministry for Economic Affairs, the Ministry of Finance, the Ministry of Home Affairs and the Ministry of National Development Planning / National Development Planning Agency. This application makes it easier for Regional Governments to access Regional Debt Financing and process considerations from the three Ministers. Through this application, Regional Governments can use features to upload required documents, record Service Level Agreements (SLAs), notifications and communication facilities, and automatic approval if the 15-day SLA is exceeded.

Minister of Finance Sri Mulyani appreciated PT SMI's initiative in supporting multi-sector infrastructure development. "Today, we are here to witness two important cooperation signings, namely between PT SMI and PTNBH UGM and PT SMI with PDAM. This is a breakthrough with PTNBH, so we hope it can open up opportunities for cooperation with other PTNBH, to strengthen the education and health sectors. For the two PDAMs, we know that the Government is also focused on encouraging the availability of clean drinking water, so this is certainly in line and must certainly continue to be encouraged and improved," said the Minister of Finance.

Sri Mulyani also gave a special message and direction to PT SMI. "PT SMI is mature enough for an institution, but is still in the growth stage to continue to increase its contribution to national development. Resilience is also a key factor in facing existing challenges, and PT SMI must continue to adapt and innovate to achieve its long-term vision. PT SMI must also dare to take risks, because that way the struggle to build Indonesia can continue, but everything must remain within the corridor of good Good Corporate Governance," added Sri Mulyani.

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About PT Sarana Multi Infrastruktur (Persero) (“PT SMI”)

PT Sarana Multi Infrastruktur (“Persero”) (“PT SMI”), established on February 26, 2009, is a State-Owned Enterprise under the coordination of the Ministry of Finance of the Republic of Indonesia, in the form of a Non-Bank Financial Institution (LKBB). PT SMI plays a role and has a mandate as an agent of sustainable development. PT SMI has 3 business pillars, namely Commercial Financing, Public Financing, and Project Development and Advisory Services.

PT SMI has various functions and unique products / features to support the acceleration of infrastructure development, which not only serves as infrastructure financing but also as an enabler through the implementation of the Government and Business Entity Cooperation (KPBU) scheme, involving various financial institutions both private and multilateral. PT SMI actively supports the implementation of Public Private Partnership (PPP) and encourages the acceleration of infrastructure development in the regions through regional loan products.

For further information, please contact:

Ramona Harimurti
Head of Corporate Secretary Division
PT Sarana Multi Infrastruktur (Persero)
Tel : +6221 8082 5288
Fax : +6221 8082 5258
Email: corsec@ptsmi.co.id
www.ptsmi.co.id