Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Indonesia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Netherlands Development Finance Company (FMO)
Status: Active
Bank Risk Rating: B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2015-12-15
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: PT Jakarta Tank Terminal
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Infrastructure
Investment Amount (USD): $ 22.82 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ FMO website
Updated in EWS: 2017-08-01
PT JAKARTA TANK TERMINAL
FMO-45312

Project Description
In 2009, FMO provided a senior loan to the construction of the terminal. In 2015, a repeat financing took place. PT Jakarta Tank Terminal provides a necessary service to enable Indonesia to deal with the increasing needs of fuel products, which is essential for daily live and economic growth. This project will furthermore contribute to generating tax revenues. With this transaction, FMO supports the further development of the joint venture of AKR Corporindo Tbk and Royal Vopak (Dutch link). Furthermore, with this transaction, commercial funding has been catalyzed.
Investment Description
PT Jakarta Tank Terminal is a 49-51 percent joint-venture between Dutch Royal Vopak and PT AKR Corporindo Tbk, an Indonesian conglomerate. The independent oil tank storage terminal is strategically located in the port of Jakarta, Indonesia, and has a storage capacity of 250,000cbm.