Jakarta –
PT Indonesia Tourism Development or Indonesia Tourism Development Corporation (ITDC) as a subsidiary of State-Owned Enterprises (BUMN) PT In Journey is said to be in debt of Rp 4.6 trillion.
This information was conveyed directly by the Main Director of InJourney Dony Oscar in June 2023 yesterday. At that time, Dony said ITDC’s debt was divided into two payment terms, the short term of IDR 1.2 trillion and the long term of IDR 3.4 trillion.
Responding to this, the Director of Finance ITDC Ahmad Fajar explained that the value of Rp. 4.6 trillion meant is the debt ceiling or the maximum value a company can borrow from banks, not the amount of debt it currently has. Meanwhile, the outstanding value or debt that has been borrowed by ITDC itself is only in the range of IDR 3 trillion.
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“So we have a ceiling of around Rp. 4.6 trillion, but what we have only taken is around Rp. 3 trillion,” Ahmad said at the ITDC Media Briefing event, Tuesday (8/8/2023).
Furthermore, Ahmad said that the total debt consisted of business debts after building the Mandalika circuit and bank loans related to the development of the area managed by ITDC.
Mandalika Circuit Debt
For business debts, Ahmad admitted that ITDC had arrears of approximately IDR 1 trillion. This amount comes from the remaining payments for the Mandalika circuit development project.
“The business debt is approximately Rp. 1 trillion, because of what? To build the circuit at that time, not all of it was paid off,” explained Ahmad.
To overcome this problem, ITDC took the initiative to apply for State Equity Participation (PMN). Because according to them the circuit construction project was carried out not solely as a company business development, but as part of the development of the NTB region as a whole.
“So, how do you deal with this? Yes, this is because to build the country-build the NTB region, build it as a BUMN agent of development, don’t you want me to hand over this, fix the building assets, I hand it over asking for PMN,” explained Ahmad.
Furthermore, Ahmad also explained that the PMN submission had reached the stage of waiting for a decision at Commission XI DPR RI. Previously, this PMN proposal had also been discussed at Commission VI of the DPR and had been fully approved.
“God willing, this year all of this can be completed, just waiting for Commission XI (decision), it has gone to Commission VI of the DPR, God willing, we can get PMN down by approximately IDR 1 trillion,” he said.
Banking Debt
Apart from the debt for the Mandalika circuit project, ITDC also admits that it has a number of other bank debts of IDR 2.3 trillion. This loan is used for the development of areas managed by ITDC.
“So our (bank) debt actually totals around Rp. 2.3 trillion from the platform of around Rp. 4.6 trillion,” he added.
Regarding the settlement of this bank debt, ITDC itself has been negotiating to get an extension of the payment period, aka reprofiling. The negotiations for the extension of the payment period are said to have been completed.
“The current debt with the banking sector is mine, which is due before my eyes, I am delaying (asking for an extension of time) first, in other words, we are reprofiling,” he added.
According to Ahmad, ITDC plans to settle most of its debts by the end of this year. That way in 2024 companies can do business well with secure financial conditions.
“This year, almost all (debt) is finished, so God willing, in December (2023) everything will be finished, so that friends, especially the president director and friends (ITDC) can do business in peace,” he explained.
(rrd/rir)
2023-08-09 02:00:19
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