Number: 02 / PR-ITDC / I / 2019
Jakarta, January 21, 2018 - PT Indonesia Tourism Development (Persero) or the Indonesia Tourism Development Corporation (ITDC), a state-owned developer and manager of the Nusa Dua Bali tourism area and the Mandalika West Nusa Tenggara, obtained financing facilities from the Asian Infrastructure Investment Bank (AIIB) for infrastructure development in the Mandalika Special Economic Zone (KEK) or the Mandalika. "After the approval of the AIIB Board of Directors on December 7, 2018, on December 31, 2018 we signed the Mandalika Urban & Tourism Infrastructure Project (MUTIP) financing facility agreement valued at US $ 248.4 million or equivalent to Rp3.6 trillion. evidence of confidence in the prospects for the Indonesian tourism industry, "ITDC President Director Abdulbar M. Mansoer said here on Monday. This MUTIP funding is the first financing with the largest amount in a standalone / independent manner carried out by AIIB in Indonesia. On a global scale, MUTIP is AIIB's first funding for tourism infrastructure development activities. AIIB itself is a multilateral financing institution or Multilateral Development Bank whose shares are owned by a number of world countries including Indonesia. AIIB was established to finance infrastructure development in Asian countries that are members. Meanwhile, Nusantara Suyono, ITDC Director of Finance and Corporate Strategy, explained that this MUTIP financing facility was very light where the tenor was 35 years and the grace period was 10 years and the interest was according to the 6-month London Interbank Offered Rate (LIBOR) plus 1, 4 percent per year. "This financing is also inseparable from the full support of the government, especially the Ministry of Finance," Nusantara Suyono said. Nusantara further said that MUTIP financing would be aimed at developing infrastructure and basic facilities within the Mandalika area. The activities carried out include the construction of roads in the area, the provision of clean water, sanitation and drainage, wastewater and solid waste treatment, electricity distribution, as well as disaster risk management facilities, various public facilities and open public spaces. All infrastructure built in the Mandalika is a basic regional facility to bring in foreign and local investment with the target of building more than 10,000 starred hotel rooms. A convention center will also be built for MICE activities, 27 holes golf course, commercial or retail malls, theme parks, hospitals, and street race circuits with world-quality motor racing such as MotoGP.