Video: Boosting the Economy, PT PII Guarantees 60 Infrastructure Projects Worth Rp 115 Trillion

Healthy infrastructure development is one of the keys to driving sustainable economic growth in order to achieve the 8% economic growth target in the Prabowo Subianto administration by 2029. The Directorate General of Treasury and Risk Management (DJPPR) of the Ministry of Finance has assured fiscal support in promoting national infrastructure development. DJPPR is also collaborating with PT Penjaminan Infrastruktur Indonesia (Persero) or PT PII in providing guarantee instruments that function to reduce financing risks for infrastructure projects, thereby increasing investor confidence in infrastructure projects. Director of State Financial Risk Management, DJPPR Ministry of Finance, Tony Prianto, stated that the collaboration between DJPPR and PT PII is implemented, among others, by positioning PT PII as a ‘shock absorber’ for the state budget in infrastructure financing claims. Therefore, PT PII, as a state-owned guarantee company for infrastructure projects, is said by Acting President Director of PT Penjaminan Infrastruktur Indonesia (Persero), Andre Permana, to have two main tasks: providing government guarantees as well as implementing support facilities for the preparation and transaction of Public-Private Partnership (KPBU) projects. Currently, PT PII has provided around 60 guarantees consisting of 37 KPBU projects and the rest guarantees for SOE credits with a total investment reaching Rp 713 trillion and a guarantee value of Rp 115 trillion.