Jakarta, Indonesia,, February 26, 2025 / Prnewswire / – PT Sarana Multi Infrastruktur (“Persero”) (“PT SMI”) continues to maintain its existence to provide impacts thanks to support for fair development throughout Indonesia. PT SMI was born out of the emergency to accelerate the development of infrastructure, which is sometimes hampered by financing problems. Now, at its 16th anniversary, PT SMI is ready to play a more important role in providing a more optimal impact in accelerating development.
In his speech during the celebration of the 16th anniversary of PT SMI with the employees, the director of the PT SMI, Reynaldi Hermansjah, said that there was a spirit of perseverance that the company promotes this year. “To our 16th birthday February 26, 2025PT SMI carries the theme “offering development by resilience”. These words are not only a slogan, but a philosophy that will accompany the business and operational activities of the company. This philosophy focuses on how PT SMI will deploy all its capacities, innovates continuously to offer fair development. However, in this context, “resilience” encompasses the ability to deal with and pass difficulties, failures, pressures and the ability to adapt to existing challenges, “said Reynaldi.
“Resilience” itself is one of the 6 corporate values of PT SMI, which has indeed been integrated into the very essence of all PT SMI employees, commonly known as SMIERS. The other business values of the company include “Integrity”, “Excellence Service”, “Partnership”, “Trust” and also “Innovation”. The SMIERS should embody the spirit of resilience to contribute to the long -term national development in order to build a solid base for inclusive and sustainable growth.
Since its creation on February 26, 2009PT SMI played a central role as a special mission vehicle (SMV) under the Ministry of Finance. PT SMI is able to provide alternative solutions for financing infrastructure development through innovative loan products. PT SMI has become a catalyst for the development of infrastructure in Indonesia While approaching market inadequacy in the financing and preparation of the project in the infrastructure sector.
PT SMI has increased very quickly since its first funding in the irrigation sector amounting to IDR 248 billion. The company has recorded active financing commitments to December 2024 equivalent to RP 148.9 Billions and a quantity in suspense of RP 96.3 Billions. The total value of the PT SMI financing project has reached RP 1 153 Billions. According to total project funding, PT SMI has generated a multiplier effect of 7.75 times compared to total commitment and 37.79 times compared to the capital paid.
The three largest sectors funded by PT SMI are the road and toll road sector, the electricity sector and the transport sector. The financing of PT SMI in the road sector led to 4,511 kilometers of toll roads. Meanwhile, in the electricity sector, PT SMI has helped increase electricity production by 7.7 gigawatts, enlightening 5.9 million households. In the transport sector, the production and results of PT SMI financing are more diversified according to the funded mode. For example, PT SMI helped finance the construction of 646 train cars and 242.1 kilometers of railroad. This increased the number of passengers of 109.6 million people a year.
“In its support for interior projects, PT SMI has recorded several achievements in the financing of various sectors, including the connectivity sector and the renewable energy sector. RP 1 696.5 Billions“Explained Reynaldi.
From 2016, pt SMI has also become a strategic partner of the regional government through regional loan facilities. To date December 2024PT SMI has disabled regional loans equivalent to IDR 36.66 Billions in the form of commitments, and IDR 21.19 Billions outstanding. Some Examples of Projects that Received Regional Loan Support from Pt Smi include road construction in Tabalong Regency, the Konaweha Bridge in Kolaka Regency, The Bersehati Market in Manado City, The Regional Public Hospital (RSUD) in Solok Regency, the NTB Provincial RSUD, the Teratai Tower at Banyumas Regency and the RSUD in Bangli Regency.
During the cocovio-19 cochemiah in 2020 and 2021, pt SMI has also helped the government to play a counter -cycling role by distributing national economic resumption loans (PEN) to regional governments and public enterprises (BUNM). Loans to the penalty pen provided a positive contribution by mitigating economic contraction, encouraging national economic growth, increasing household income and creating jobs.
To further accelerate public funding, PT SMI is now at the first stages of transformation into development financing establishment (DFI). “We recognize the importance of regional loans to stimulate development, as well as the growing need for public services. As DFI, PT SMI will focus not only on the financing of large -scale infrastructure projects, but will also strengthen the Support for local governments to align economic growth and inclusive development.,,“Said Reynaldi.
One of the pillars in the realization of the transformation process as DFI is to establish an SMI Institute (SMII) in 2023. The presence of SMII is used to conduct studies in the regions linked to the necessary sectors, studies of studies Regional grouping based on socio-economic conditions and the budgetary capacity of the regions, as well as the socio-economic impact of the programs which will be funded by PT SMI. In the end, PT SMI’s public financing programs will become more targeted and focused on sectors that were actually necessary for local governments Indonesia.
PT SMI also plays a strategic role in supporting the achievement of sustainable development objectives (SDGs) and the achievement of zero net carbon. By focusing on research -based soft loans and aligning activities on the principles of people, the planet, profit and prosperity, PT SMI aims to maximize its impact on sustainable development.
The momentum of Indonesia The presidency of the G20 in 2022 also served as PT SMI to demonstrate its ability to support the government to meet global challenges, in particular the impact of climate change. The Indonesian government, through the Ministry of Finance, has appointed PT SMI as Director of the Platform in Countries to supervise the transition of fossil energy with an environmental energy.
The Indonesia ETM Country platform will mobilize the support of the financing of international partners, in particular multilateral, bilateral, philanthropic and private entities, in order to facilitate the government in the preparation of investment plans in energy transition and the financing of climate investments for Accelerate the operational period of fossil fuel energy sources, to specifically coal power plants (PLTU). Until now, PT SMI has received the support of 18 partners, which are made up of grant partners, financing partners, knowledge partners and investment partners.
From 2018, pt SMI has ceased to finance the projects of fossil fuel power plants and moved to central renewable energies such as hydroelectricity, mini-hydro, solar, geothermal energy, biomass and wind power plants. To date December 2024PT SMI funded 94 climate -related projects with a cumulative commitment to IDR 33.45 Billions and the value of the IDR 174.8 Billions. 49 projects were calculated and led to a greenhouse gas potential avoided 6.8 million tonnes of CO2e and a potential carbon credit equivalent 25 million USD.
PT SMI also manages the SDG Indonesia One (SIO) platform, which is a platform that supports the achievement of sustainable development objectives (SDG). This platform combines public and private funds via mixed finances in order to be allocated to infrastructure projects linked to the SDGs. This mixed financing system has succeeded in supporting several strategic projects, including the JAWA-1 gas power plant project (PLTGU) and support for the Tembesi solar power plant (PLTS), which is the second largest floating solar power plant in Indonesia With a capacity of 46 MWP.
Happy 16th birthday pt smi. May we continue to ignite the Spirit to build the nation.
About PT Sarana Multi Infrastruktur (Persero) (“PT SMI”)
PT Sarana Multi Infrastruktur (“Persero”) (“PT SMI”), established on February 26, 2009is a state company under the coordination of the Ministry of Finance of the Republic of Indonesiain the form of a non -banking financial institution (LKBB). PT SMI plays a role and has a mandate as a sustainable development agent. PT SMI has 3 business pillars, namely commercial financing, public financing and project development and consulting services.
PT SMI has various unique functions and features / features to support the acceleration of infrastructure development, which not only serves as a funding for infrastructure, but also as a facilitator thanks to the implementation of the government regime and cooperation in commercial entity (KPBU), involving various financial institutions both both financial institutions both financial institutions both both financial institutions both Financial institutions (KPBU), involving various financial institutions that are both private and multilateral. PT SMI actively supports the implementation of the Public Private Partnership (PPP) and encourages the acceleration of infrastructure development in regions through regional loan products.
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Source PT Sarana Multi Infrastruktur (Persero)
