Project detail - PT JAKARTA TANK TERMINAL

PT JAKARTA TANK TERMINAL

Back to map

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.

Funding objective

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
http://www.jtt.co.id
Region
Asia
Country
Indonesia
Sector
Infrastructure, Manufacturing and Services
Signing date
12/15/2015
Total FMO financing
USD 22.82 MLN
Fund
FMO
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+