State banks finance Bakrie's toll road project
Two state-owned banks, BNI and BRI, provide Rp1.38 trillion loans to PT Semesta Marga Raya (SMR) which builds Kanci (Cirebon) - Pejagan (Brebes) toll road. SMR is a JV between Bakrie Investindo (35%), PT Satria Citra Perkasa (25%), Transglobal Finance Ltd (25%), and Pan Galactic Investment Ltd (15%).
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posted by yosef at 7:35 PM
3 Comments:
hmmm what happened with lapindo? i guess they always find a way to get some financing! i thought with the lapindo case still full of question mark, at least they will find a hard time to finance their project! i cant believe BNI and BRI! well...its sure good to be bakrie! project after project being awarded to them!
OMG! I guess the government never learned! O well, a little note for Bakries: "Easy come, Easy Go"
Greed is the mother of all trouble!,
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