RI gets satellite loan

JAKARTA (JP): The Export Import Bank of the United States and Bank Ekspor Impor Indonesia have signed an agreement on a loan of US$125 million for the financing of the purchase of two Hughes HS-601 telecommunications satellites and related equipment.

In a statement made available yesterday, Bankers Trust Company of the United States, which arranged the loan financing, announced that the two satellites of the Palapa C series will be operated by PT Satelit Indonesia (Satelindo).

The agreement was signed by director Maria Luisa M. Haley of the U.S. Export Import Bank and president Sahaluddin N. Kaoy of Bank Ekspor Impor Indonesia, in Jakarta in the middle of this month.(riz)