{
    "success": true,
    "data": {
        "id": 1692544,
        "msgid": "trenggalek-secures-rp-70-billion-from-smi-to-transform-tourism-into-pad-engine-1776855136",
        "date": "2026-04-22 09:14:29",
        "title": "Trenggalek Secures Rp 70 Billion from SMI to Transform Tourism into PAD Engine",
        "author": "Hilda B Alexander",
        "source": "KOMPAS",
        "tags": "",
        "topic": "Infrastructure",
        "summary": "The Trenggalek Regency Government has secured a Rp 70 billion loan from PT Sarana Multi Infrastruktur (SMI) to address fiscal constraints and boost regional development. The funding will primarily enhance connectivity and optimise the tourism sector, projected to generate an annual economic circulation of Rp 11.36 billion and increase local revenue (PAD) by 1.9% to 3.1% over five years, while creating 280 new jobs. This partnership also includes competitive 6% interest rates and additional CSR initiatives worth Rp 2.49 billion for healthcare and waste management improvements.",
        "content": "<p>The Trenggalek Regency Government has once again taken a tactical\nstep to address fiscal space limitations through a regional loan scheme.\nIn collaboration with PT Sarana Multi Infrastruktur (Persero) or PT SMI,\nthe local government has secured a fresh infusion of funds amounting to\nRp 70 billion. The primary focus of this financing is to accelerate\nregional connectivity and optimise the tourism sector, which is\nprojected to become a new engine for Regional Original Revenue (PAD).\nTrenggalek\u2019s initiative is a response to the challenges of\ninfrastructure development, which often face constraints due to limited\nlocal budget capacity. Through the regional loan scheme, the central\ngovernment via PT SMI provides a more flexible funding alternative\ncompared to relying entirely on Special Allocation Funds (DAK). This\nfinancing is designed to deliver multiplier effects for the local\neconomy. The tourism sector, which is Trenggalek\u2019s flagship, receives\nspecial attention. The development of strategic roads in coastal areas\nand tourist destinations is expected to reduce logistics costs while\nincreasing tourist visits. Based on economic impact analysis, the\ndevelopment of the tourism sector from this financing is projected to\ndrive economic circulation of up to Rp 11.36 billion per year and\nincrease PAD by 1.9% to 3.1% over a five-year period. Additionally, it\nwill absorb 280 new workers in iconic areas such as Prigi Beach,\nKaranggongso, and Goa Lowo. As a Development Finance Institution (DFI),\nPT SMI acts as a development partner providing adaptive solutions for\nregions. \u201cThis financing is directed to strengthen connectivity and\nunlock Trenggalek\u2019s local economic potential, particularly in the\ntourism sector which has high leverage for regional growth,\u201d said\nFaaris. This synergy also offers a competitive interest burden of 6%.\nNotably, the collaboration includes simultaneous social and\nenvironmental support packages. PT SMI channels Corporate Social\nResponsibility (CSR) funds of Rp 490 million for the development of\nDr.\u00a0Soedomo Regional General Hospital and a grant of Rp 2 billion for\npreparing a regional waste management study.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/trenggalek-secures-rp-70-billion-from-smi-to-transform-tourism-into-pad-engine-1776855136",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}