PT Indonesia Infrastructure Finance signed a joint syndicated loan facility agreement with PT Bank Negara Indonesia Persero for the development of the Anggrek Port – Gorontalo worth IDR 500 billion under the Public-Private Partnership scheme on July 25, 2022 at the Ministry Office Transportation, Jakarta. The signing of this collaboration was witnessed by the Minister of Transportation Budi Karya Sumadi, Deputy Chairman of the Indonesian House of Representatives Rachmat Gobel, and the Director General of Sea Transportation Hendro Sugiatno. In this loan agreement, IIF and BNI each provided the same contribution of Rp250 billion.

Overall, the development of this port requires funds of around Rp1.4 trillion. The construction of the Anggrek Port infrastructure located in North Gorontalo Regency, Gorontalo Province is the first brownfield PPP port project in Indonesia, because the Anggrek Port – Gorontalo has been operating since 2000 under the Office of the Class II Orchid Port Organizing Unit Office of the Directorate General of Sea Transportation of the Ministry of Transportation. Since September 28, 2021, the management of the Anggrek port has been officially handed over to PT Anggrek Gorontalo International Terminal, as the Implementing Business Entity as a follow-up to the auction results of the PPP project for the Gorontalo Province Orchid Port.

The financing of this project is equipped with the Social and Environmental Due Diligence as IIF always applies it to every project it finances, so that this project has been recognized for its social and environmental feasibility. It is hoped that this port financing can increase economic activity in Gorontalo to develop areas including the forefront, remote and outermost.