BRI Leads Financing for Strategic Infrastructure Project

Major Syndicated Loan for Sitinjau Lauik Flyover

PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) has played a key role in financing the Sitinjau Lauik Flyover project in West Sumatra through a Rp2.2 trillion syndicated loan. The project is being developed under the Government-Business Entity Cooperation (KPBU) scheme, with BRI acting as one of the Joint Mandated Lead Arranger and Bookrunners (JMLAB) alongside PT Bank Negara Indonesia (Persero) Tbk (BBNI) and PT Sarana Multi Infrastruktur (SMI).

Project Significance and Impact

The 2.774 km flyover is a critical infrastructure project aimed at addressing safety concerns on the existing Padang-Solok route, known for its steep inclines and high accident rates. The project's total investment is approximately Rp2.739 trillion, with a construction period of 2.5 years and an operational period of 10 years. By improving road safety and reducing travel time, the flyover is expected to boost economic connectivity and logistics distribution in the region.

Financial and Banking Perspective

BRI's involvement in this project demonstrates its commitment to supporting national infrastructure development through significant financing arrangements. The bank's Corporate Banking Director, Riko Tasmaya, highlighted that BRI has the strong funding capacity to participate in KPBU projects with bankable structures. The success of this project is also attributed to the support from the Ministry of Public Works and Housing and the role of PT Penjaminan Infrastruktur Indonesia (PII) in ensuring proper governance and risk management.

BRI's Financial Performance

As of Q3 2025, BRI reported a consolidated net profit of Rp41.23 trillion, slightly lower than the Rp45.36 trillion recorded in the same period last year. The bank's financial performance was driven by a 3% increase in interest income to Rp155.16 trillion, although interest expenses also rose by 3.25% to Rp44.16 trillion. Net interest income grew by 2.9% to Rp110.99 trillion. BRI's credit growth remained solid at 6.26%, reaching Rp1.438.11 trillion by Q3 2025.

Conclusion

The Sitinjau Lauik Flyover project represents a significant step in improving infrastructure in West Sumatra, particularly in enhancing road safety and regional connectivity. BRI's leadership in the financing arrangement underscores its role in supporting national development projects through robust financial solutions.