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October 4, 2015
Indonesian infrastructure financing!
Edward Gustely has been working at the sharp end of infrastructure finance in Indonesia for more than 20 years. The co-founder of Jakarta-based Penida Capital helped set up Indonesia’s sovereign wealth fund and the government-owned Indonesia Infrastructure Guarantee Fund (IIGF), which provides credit guarantees that help bridge the gap between a project’s greenfield stage and the time it begins to generate cash flows.
Indonesia wants to lift itself to middle income status. To do so, the Ministry of National Development & Planning, Bappenas, has estimated the country needs Rp5.5 quadrillion ($385 billion) in infrastructure development between 2015 and 2019.
So how have they achieved this in Makassar?
Well for starters there is a very dynamic mayor and governor who realize co-ordination is the key to getting infrastructure projects off the ground.
They’ve set up a public private partnership (PPP) investment centre, which the mayor has asked us to spearhead. Indonesia could do with more of these at key gateways across the archipelago.
The centre will provide technical expertise in how to structure priority infrastructure projects to a stage where they can be financed, ensure there’s co-ordination between all the related parties and identity potential problems with execution and delivery. It will be looking at about $2.5 billion worth of projects initially that include light-rail transport, seaport expansion, toll-roads, expanded internet connectivity, hospitals, and atmospheric water generation.
February 11, 2016
Indonesia to ramp up development of infrastructure projects!
Indonesia is boosting its infrastructure development in an effort to provide economic benefits to its people and increase the countrys competitive edge in the face of the ASEAN Economic Community (AEC).
"For this purpose, the government has selected 30 infrastructure projects worth some Rp851 trillion as priority projects to be developed until the end of the current government in 2019," Luky Eko Wuryanto from the Chief Economic Ministers office said on Wednesday.
The 30 projects were selected by the government through the Priority Infrastructure Development Acceleration Committee (KPPIP).
They will receive various forms of guarantees from the government, such as political, license and financial guarantees.
The guarantees for the 30 projects for the 2016 to 2019 period will be regulated under the Presidential Decree No. 3 /2016 on National Strategic Project Acceleration.
