Ministry of Finance: Each Rp1 Trillion State Capital Injection Enables PT PII to Guarantee Rp12 Trillion Worth of Projects

Jakarta — PT Penjaminan Infrastruktur Indonesia (Persero) (PT PII) still has a very large capacity to provide guarantees for various infrastructure projects in Indonesia.

Tony Prianto, Director of State Financial Risk Management at the State Budget Financing and Risk Management Directorate General (DJPPR) of the Ministry of Finance, said that from every Rp1 of state capital injection into a company under the ministry’s control, the projects that can be guaranteed could reach twelvefold.

‘Because it has leverage of 12 times. So it means every 1 rupiah, PT PII can guarantee 12 times the project value. With us providing Rp1 trillion PMN, it could guarantee projects worth Rp12 trillion,’ Tony said in the Fiscal Focus programme on CNBC Indonesia, quoted Thursday (5/3/2026).

Although the guarantee capacity is already large, Tony assured that the government will continue to widen the space for PT PII’s guarantees in the future. Because the APBN also has capacity to use a co-guarantee scheme for infrastructure projects for national development.

‘In case there is a mid-term assignment, if it suddenly comes in, we will still first confirm with PT PII to ensure whether there is still room for them to provide guarantees. Even if the room cannot be 100%, usually we do co-guarantee with the government,’ Tony said.

Acting President Director of PT Penjaminan Infrastruktur Indonesia (Persero), Andre Permana, said that with such large guarantee capacity, the space that’s been utilised so far is not 100%.

He said that of PT PII’s total equity valued at Rp17.5 trillion, consisting of government PMN of Rp10.6 trillion and the rest from profits, it has generated 60 guarantees for various projects worth Rp115 trillion.

‘So you can imagine Rp17.5 trillion can guarantee Rp115 trillion. There is leverage that can be used up to 12 times. The current position is around 6.5 times. So there is room; from 6.5 to 12 there is actually room,’ Andre said.

Therefore, Andre assured that the government’s space to continue guaranteeing project development via PT PII remains very large, especially with a creative financing concept that does not require using the state budget within the APBN.

‘So PMN is the last resort. Therefore before we request additional funds for capacity, there are several efforts we can pursue,’ Andre asserted.