PT JAKARTA TANK TERMINAL
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
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.
What is our funding objective?
In 2009, FMO provided a senior loan to the construction of the terminal. In 2015, a repeat financing took place.
Why do we fund this investment?
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 customer/investment
- http://www.jtt.co.id
- Region
- Asia
- Country
- Indonesia
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 12/15/2015
- End date
- 2/1/2019
- Total FMO financing
- USD 22.82 MLN
- Funding
- FMO NV
-
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) - B+