PT Sarana Multi Infrastruktur (Persero) (“PT SMI”) is one of the Special Mission Vehicles (SMV) under the Ministry of Finance which is engaged in financing and preparing infrastructure projects. Established on February 26, 2009, PT SMI is a State-Owned Enterprise (BUMN) whose entire share capital is owned by Republik Indonesia through the Ministry of Finance. PT SMI was formed based on Minister of Finance Regulation No. 100/PMK.010/2009 concerning Infrastructure Financing Companies.
PT SMI has a mandate as a catalyst in accelerating infrastructure development in Indonesia, including to support the implementation of the Government and Business Entity (PPP) scheme. In accordance with Regulation of the Minister of Finance (“PMK”) No. 100/PMK.010/2009, there are 8 sectors that can be financed by PT SMI, namely roads and bridges, transportation, oil and gas, telecommunications, waste management, electricity, irrigation, and drinking water supply.
In 2015, the Government transferred assets and functions of the Government Investment Center (PIP) to PT SMI, with one of its functions being financing to local governments and geothermal projects. Therefore through the OJK Letter Number S-48/D.05/2015 dated April 30, 2015, PT SMI obtained permits for sector expansion, including social infrastructure (hospitals, markets, terminals, etc.), tourism infrastructure, and rolling stock.
Furthermore, in 2019 PT SMI has also obtained a license for sector expansion from OJK through OJK Letter Number S-7/D.05/2019 dated February 12, 2019 concerning Approval for Addition of Infrastructure Financing Objects License which includes water resources and irrigation infrastructure, system infrastructure waste management, informatics infrastructure, renewable energy infrastructure, energy conservation infrastructure, sports facilities and infrastructure, as well as arts, and public housing infrastructure.
Through the expansion sector that can be financed, PT SMI can increasingly provide innovative solutions for Indonesia’s development that contribute to poverty alleviation, availability of access to cleanliness or sanitation, health, education and technology, and the achievement of other Sustainable Development Goals (SDGs) in Indonesia.
In order to realize PT SMI’s vision and mission, PT SMI has defined 6 functions in the implementation of the mandate. The implementation of the mandate is to create innovative financing products, implement regional infrastructure acceleration programs, optimize strategic cooperation, optimize fundraising, and become enablers of accelerated infrastructure as well as measurable risk management. The implementation points of PT SMI’s mandate lead to support for SDGs, efforts to respond to climate change (adaptation and mitigation) and optimization of social and economic benefits.
Infrastructure sectors financed by PT SMI:
Oil & Gas
Waste Management System
Renewable Energy & Energy Conservation
A Company with character, which conducts business ethically and always promotes good governance.
Services that consistently meet customer expectations.
Partnership to achieve the vision and mission of the Company.
Resilient and persistent in carrying out its tasks & responsibilities.
Provides solutions in the development of infrastructure projects.
A Company that consistently builds customer and stakeholder trust.