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The Hindu·3 min read·medium

PT SMI Marks Indonesia's 81st Independence Anniversary with Rp294.5 Trillion in Financing Commitments Nationwide

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PT SMI Marks Indonesia's 81st Independence Anniversary with Rp294.5 Trillion in Financing Commitments Nationwide
AI Summary

PT Sarana Multi Infrastruktur (PT SMI) has reached Rp294.5 trillion in cumulative financing commitments to support infrastructure development across Indonesia. The institution focuses on connecting remote regions through transportation, water, and telecommunications projects.

Why it matters

As a state-owned development finance institution, PT SMI plays a critical role in Indonesia's economic strategy to reduce regional inequality and improve national connectivity.

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JAKARTA, Indonesia , Sept. 2, 2026 /PRNewswire/ -- As Indonesia commemorates its 81st anniversary of its independence, PT Sarana Multi Infrastruktur (Persero) ("PT SMI"), the country's state-owned Development Finance Institution (DFI), reaffirms its role as a catalyst for equitable national development. Since inception, PT SMI has recorded cumulative financing commitments of Rp294.5 trillion (approximately US$16.55 billion), reaching 31 provinces and 158 regencies and cities across the archipelago, a footprint that spans from the nation's most established economic corridors to its most remote frontiers. It is a scale of reach matched by few financing institutions in Indonesia, public or private, and one that reflects a deliberate strategy: development that does not stop at the edge of Java but follows the contours of the entire nation.

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