PT Nusantara Infrastructure Breakthrough in Accelerating Infrastructure Development Through PPP
JAKARTA - PT Nusantara Infrastructure Tbk (Nusantara Infrastructure) has achieved a breakthrough through a strategic partnership by way of investment of one of the leading public corporation in the Philipines namely Metro Pacific Investments Corporation (MPIC) into Nusantara Infrastructure.
The event entitled “Investment Partnership” has been organized in the first day of Indonesia Infrastructure Week (IIW) 2017 at the Jakarta Convention Center (JCC) on November 8, 2017. Through its subsidiary, MPIC has indirectly acquired 6,6 billion shares or equivalent to 43,3% of PT Nusantara Infrastructure share ownership from PT Matahari Kapital Indonesia on Friday, November 3, 2017.
The purchase of shares by MPIC is done through PT Metro Pacific Tollways Indonesia, a company indirectly held by Metro Pacific Tollways Corp (MPTC), a subsidiary of MPIC).
The objectives of this strategic partner joint collaboration are to enhance the company values in transforming the potential growth in infrastructure development sectors, especially in tollways, water utility, telecommunication tower, energy and seaport management, in which PT Nusantara Infrastructure has been actively involved.
Muhammad Ramdani Basri, Chief Executive Office PT Nusantara Infrastructure Tbk on the press release said, “We have gained the trust from the strategic partner to jointly develop and accelerate the infrastructure growth in Indonesia through this investment partnership.”
“Nusantara infrastructure is aware on the importance of private sector participation in infrastructure development, thus the company has decided to seek for a new breakthrough by introducing a business model which is capable of attracting a strategic partner, especially foreign investors,” he added.
Ramdani further added that this action is part of Nusantara Infrastructure commitment to the private sector which actively contributes in accelerating the infrastructure development in Indonesia without relying on the State Budget.