PT JAKARTA TANK TERMINAL
Who is our client
PT Jakarta Tank Terminal is a 49-51 percent joint-venture between Dutch Royal Vopak and PT AKR Corporindo Tbk, an Indonesian conglomerate. The independent oil tank storage terminal is strategically located in the port of Jakarta, Indonesia, and has a storage capacity of 250,000cbm.
In 2009, FMO provided a senior loan to the construction of the terminal. In 2015, a repeat financing took place.
Why we fund this project
PT Jakarta Tank Terminal provides a necessary service to enable Indonesia to deal with the increasing needs of fuel products, which is essential for daily live and economic growth. This project will furthermore contribute to generating tax revenues. With this transaction, FMO supports the further development of the joint venture of AKR Corporindo Tbk and Royal Vopak (Dutch link). Furthermore, with this transaction, commercial funding has been catalyzed.
- Website client
- Infrastructure, Manufacturing and Services
- Signing date
- Total FMO financing
- USD 22.82 MLN
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C)