INDUSTRY.co.id - Jakarta - Infrastructure development requires a lot of funds. Relying on funds from the government budget will not be enough to build the planned infrastructure. Other sources of funding such as from the private sector are still needed.

Banking also can not always be charged to be an intermediary between private investors and infrastructure projects through credit disbursement. The capital market, can take a bigger role to bring together investors with owners of infrastructure projects that require funds.

Recently, new products in the capital market to support infrastructure funding have been launched. PT Jasa Marga Tbk issues Collective Investment Contract of Asset Backed Securities (KIK EBA) Jakarta Highways Toll Road Income Ciawi.

This revenue-based KIK EBA, Jasa Marga securitizes its revenues in Jagorawi toll roads over the next five years. Investors earn interest in the form of interest. With such securitization, Jasa Marga obtains substantial cash funds, which are used for the construction of other toll road sections.

"Actually, the concept of securitization is not new in our country. For example, in Palembang, in the 1970s there are already lebak lebung, "said Director of Investors Relation and Chief Economist Bahana TCW Budi Hikmat in Jakarta, (Monday 4/9/2017)

Budi explained, when the village in Palembang require funds, held lebak lebung supply, which is the right management of creeks to residents. This auction is done transparently. The winner, can control the segment of the creek within a period of one year. Villages get cash advance in advance for various purposes, while citizens who become investors can control the tributaries that are the place of the breeding fish. The fish entering the tributaries are the rights of the auction winner. Could be, the concept of securitization like this is also in other areas with different names and assets.

Today, the concept can be applied to company assets such as accounts receivable and cash flow. Credit card bills, utility bills, motor vehicle bills, even insurance premium bills are securitized assets.

In support of infrastructure financing, Bahana TCW also issued limited investment mutual funds (RDPT). Soni Wibowo Bahana TCW Investment Director said Bahana has launched RDPT Port with a value of 35 million USD or approximately Rp 465 billion. "This product is already running, suda investors are committed and the project already exists," said Soni.

The funds raised will be used to acquire the area in Tanjung Priok Port in order to be revitalized. RDPT is a mutual fund product offered maximum only to 50 investors only and directly invest in projects in real sector. Generally, invited investors are institutions. In addition to Port RDPT, Bahana TCW is also discussing the issuance of Toll Road RDPT.

"In 2018, we will also issue a toll road RDPT worth Rp 5 trillion. Discussion has begun, "Soni added again.

It is expected that with mutual fund products related to the infrastructure project, funding from the capital market to infrastructure is getting bigger. Infrastructure development can continue, investors also have various investment alternatives.