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Jakarta Post

US bank eyes Sunda Strait Bridge project

Jakarta   /   Thu, July 5 2012   /  10:31 am

The Export-Import Bank (Exim Bank) of the United States says it is looking at financing part of the Sunda Strait Bridge (SSB) project, apparently undeterred by an impending change to a presidential decree on the project.

The interest was contained in a letter sent by Exim Bank director Patricia Loui to Tomy Winata, chairman of the Artha Graha Network, which established the PT Graha Banten Lampung Sejahtera consortium with the Banten and Lampung regional governments to conduct a feasibility study for the project.

Loui said in the letter that the SSB project would be crucial in improving connectivity in Indonesia and would be a trigger for further economic growth in the country.

“Although Exim does not provide equity financing on projects, we can assist with long-term financing to purchase US products and services and with 30 percent of local costs associated with th...