JAKARTA. PT Transcoal Pacific Tbk (TCPI) had obtained a loan facility worth IDR 277 billion from one of state-owned banks.

Erizal Darwis, Director of TCPI, mentioned that the facility cosists of the Credit Facility I with a credit limit of IDR 140 billion and a Credit Facility II with a limit of IDR 137 billion. The tenor set for the Credit Facility I is 84 months, while the tenor of the Credit Facility II is 75 months.

The Credit Facility I will be utilised to purchase 2 units of pusher tugs and 2 units of pusher barges. “They are for operational purposes,” Darwis mentioned.

Meanwhile, the money from the Credit Facility II will be used to fund the purchase of one unit of vessel. “Said vessel will be submitted as the guarantee for this credit facility,” Darwis said.

Further, Darwis believed that this facility will bring forth a beneficial impact on the company’s operational activities. “Because, the company will gain an investment credit facility that could be used to reinforce the fleet required for the company to conduct its operation,” he added. (KR/ZH)