Month: July 2022

Jakarta, 25th July 2022 – PT Indonesia Infrastructure Finance (“IIF”) signed a joint syndicated loan facility agreement with PT Bank Negara Indonesia Persero (“BNI”) for the development of the Anggrek Port – Gorontalo worth Rp500 billion under the Public-Private Partnership (“PPP”) 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 Minister of Transportation, Budi Karya Sumadi said “The acquisition of this financing proves that in a high idealistic spirit, investors are still able to gain trust from banks. And this is very meaningful in reducing the state’s financial burden in financing infrastructure development, especially port infrastructure in the Eastern region.”

President Director of IIF Reynaldi Hermansjah said “We hope that the Anggrek-Gorontalo Port project, which is the first brownfield PPP port project in Indonesia, can support industrial, trade, distribution and production activities as well as increase economic growth in Gorontalo Province”.

The Managing Director and CIO of IIF Idhan Harahap added “Our commitment is to support the development of infrastructure in Indonesia, and hopefully this project can run effectively and efficiently, so that it can improve Gorontalo logistics connectivity, create Indonesia’s competitiveness and have a positive impact on the economy of the people of Gorontalo and its surroundings. ”

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 (“AGIT”), as the Implementing Business Entity as a follow-up to the auction results of the PPP project for the Gorontalo Province Orchid Port.

Deputy Chairperson of the Indonesian House of Representatives for Industry and Development, Rachmat Gobel said, “Alhamdulillah, we are grateful that the Anggrek Port – Gorontalo development project will be realized. On behalf of the people of Gorontalo, I thank the central government and the financiers. The development of the Orchid Port has long been a dream of the people, because the existing capacity has not been supportive, so that the flow of goods to Gorontalo is not smooth, which in turn makes inflation relatively high and burdens the economy, and reduces Gorontalo’s competitiveness,” said Rachmat.

“This project will strengthen the economic development ecosystem for the people of Gorontalo. It’s just a matter of how, all stakeholders starting from local governments, business actors, communities, academics work together to continue to develop Gorontalo’s economic ecosystem so that it can become a profitable investment destination,” said Rachmat.

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.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
[email protected]

Jakarta, July 25 2022. PT Indonesia Infrastructure Finance (IIF) signed a syndicated loan facility agreement with PT Bank Negara Indonesia Persero (BNI) for the development of Anggrek Port – Gorontalo of Rp500 billion under the Public Private Partnership (PPP) scheme on July 25, 2022 at the Ministry of Transportation Office (Kemenhub), Jakarta. Overall, the development of this port requires funds of around Rp. 1.4 trillion.

The signing 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 agreement, IIF and BNI will provide the same contribution of Rp250 billion.

The Minister of Transportation, Budi Karya Sumadi said “Receiving this financing proves that in a high idealistic spirit, investors are still able to gain trust from banks. And this is very meaningful in reducing the state’s financial burden in financing infrastructure development, especially port infrastructure in the Eastern region,”

President Director of IIF, Reynaldi Hermansjah said “We hope that the Anggrek-Gorontalo Port project, which is the first brownfield PPP port project in Indonesia, can support industrial, trade, distribution and production activities to its society and increase economic growth in Gorontalo Province”.

Managing Director and Chief Investment Officer of IIF, Idhan Harahap added “Our commitment is to support the development of infrastructure in Indonesia, and we expect this project will be running effective and efficient, so that the Anggrek-Gorontalo Port project can improve Gorontalo logistics connectivity, improve Indonesia’s competitiveness and have a positive impact for the economy of Gorontalo and its surroundings”.

The Anggrek Port Infrastructure Development located in North Gorontalo Regency, Gorontalo Province is the first brownfield PPP port project in Indonesia. The Anggrek Port – Gorontalo has been operating since 2000 under the Unit Penyelenggara Kelas II Pelabuhan Anggrek Direktorat Jenderal Perhubungan Laut Kementerian Perhubungan office. Since September 28, 2021, the management of the Anggrek port has been officially handed over to PT Anggrek Gorontalo International Terminal (AGIT), as the Implementing Business Entity as a follow-up to the auction results of the Government and Business Entity Cooperation (PPP) project for the Anggrek Port Gorontalo Province.

Deputy Chairperson of the Indonesian House of Representatives for Industry and Development, Rachmat Gobel said, “Alhamdulillah, we are grateful that this has now been realized. On behalf of the people of Gorontalo, I thank the central government and the financiers. The development of the Orchid Port has long been a dream of the people, because the existing capacity has not been supportive, so that the flow of goods to Gorontalo is not smooth, which in turn makes inflation relatively high and burdens the economy, and reduces Gorontalo’s competitiveness,” said Rachmat.

“This project will strengthen the economic development ecosystem for the people of Gorontalo. It’s just a matter of how, all stakeholders starting from local governments, business actors, communities, academics work together to continue to develop Gorontalo’s economic ecosystem so that it can become a profitable investment destination,” said Rachmat.

Meanwhile, AGIT President Director Hiramsyah Sambudhy Thaib on the sidelines of the event said, “Our challenge is not limited to managing the port, but how to make the development of this port a locomotive, to strengthen Gorontalo’s economic ecosystem into an attractive investment destination. Being part of the ecosystem and the synergy of Gorontalo’s development is one of AGIT’s visions and missions”.

About PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (IIF – website: https://iif.co.id) is a private non-bank financial institution, which is engaged in financing and infrastructure consulting services that are professionally managed and focus on infrastructure projects that are economically feasible. commercial. IIF is a pioneer and catalyst in sustainable infrastructure financing in Indonesia, applying social and environmental principles to assist clients in identifying social and environmental risks and mitigating related impacts.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
[email protected]

Nusa Dua, 13th July 2022 – PT Sarana Multi Infrastruktur (Persero) (PT SMI) and PT Indonesia Infrastructure Finance (IIF) as Special Mission Vehicles (SMV) under the coordination of the Ministry of Finance of Republic Indonesia, collaborated in holding a business forum event themed “Sustainable Finance: Instruments and Management in Achieving Sustainable Development of Indonesia”. This event is part of a series of Road to G20 activities in Indonesia. The event took place at Sofitel Bali Nusa Dua Beach Resort, Wednesday (13th July 2022). This business forum related to sustainable finance is one of the six priority agendas in the 2022 G20 Indonesia Presidential financial path. This event is expected to provide wider information regarding policy directions, goals, and experiences from experts regarding the implementation of sustainable financial instruments.

Minister of Finance of Republic Indonesia – Sri Mulyani Indrawati, directly gives a Keynote Speech along with becoming the main speaker in the opening (Fireside Session) at the business forum event. In her remarks, Sri Mulyani said, “Previously the discussion on climate change was only attended and dominated by environmentalists and institutions or at the level of the ministry of the environment, where the financial sector was never included in the discussion agenda. However, since Bali (UNFCCC 13, 2007), we have initiated and put the financial aspect in the context of discussions, and talks, even to the stage of negotiations related to climate change. Then reach what we call the Paris Agreement at the UNFCCC, where member countries (Paris Club) promise Nationally Determined Contributions (NDC). For Indonesia, we are committed to reducing CO2 emissions by 29% with our own efforts and resources, or increasing CO2 reductions by up to 41% with international support. Increased CO2 reduction can only be achieved if there is international support, especially from developed countries, as reflected in the Paris Agreement.”

President Director of PT SMI – Edwin Syahruzad, stated “As an institution that is mandated by the Ministry of Finance, PT SMI supports the government’s role in reducing emissions, starting at the national level, and will, in turn, contribute to joint efforts for global sustainability. Such support includes creating sustainable financial products through the mobilization of financing support from multilateral or capital market instruments such as green bonds, as well as the SDG Indonesia One (SIO) platform. On this blended finance platform, we have succeeded in obtaining commitments of USD 3.3 billion from donors, philanthropists, and bilateral/multilateral financial institutions, to be further channeled into environmental projects, such as the renewable energy sector.” The President Director also said that PT SMI took a part in accelerating the implementation of sustainable finance by applying the principles of Environmental, Social, and Governance (ESG).

President Director of PT IIF – Reynaldi Hermansjah, also stated “Carrying out its mandate as a catalyst in accelerating sustainable infrastructure development in Indonesia, IIF has the responsibility to promote IIF’s 8 Social and Environmental Principles (adopted from international standards). Through this business forum, we hope to increase a deeper understanding of the concept of sustainable development including its implementation in infrastructure development in Indonesia.”

This activity also invites experts and policymakers. Speakers in the talk show session included the Group Head of Integrated Financial Services Sector Policy, Indonesia Financial Service Authority (OJK) – Enrico Hariantoro; Special Advisor to the Minister of Finance Republic of Indonesia on Macroeconomic and Fiscal Policy, Ministry of Finance Republic of Indonesia – Masyita Crystallin; Country Director for Indonesia, Asian Development Bank – Jiro Tominaga; Head of the Asia Pacific International Programme, Climate Bond Initiative – Zalina Shamsudi; Director of PT SMI – Pradana Murti; and Director of PT IIF – Wito Tantra. The discussion session was guided by Andini Effendi the moderator of the event. The session discussed the government’s role in supporting sustainable development through a policy framework, and the government’s efforts to allocate a budget to address the impacts of climate change in Indonesia. In addition, it also discussed how partner support and alternative funding were collected to finance sustainable development in Indonesia.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
[email protected]

8 July 2022 – Indonesia Infrastructure Finance (IIF) received four category awards for its business model and deals carried throughout 2021 namely: Project Finance House of the Year, Digital Infrastructure Deal of the Year, Transport Deal of the Year and Water Deal of the Year in. The Asset Triple A Sustainable Infrastructure Awards 2022 (Award). It is hosted by Asset Publishing and Research Ltd., an integrated Hong-Kong based multi-media company that connects access to the leading financial business players.

The Award was held on 7 July 2022 at the Four Seasons in Singapore with representatives from IIF who was able to attend in-person after two years of virtual awarding, among others: Reynaldi Hermansjah, CEO; Idhan Harahap, CIO; and Bayu Wirawan, CIO.

The project awarded for the Digital Infrastructure Deal of the Year was IIF’s first-ever data center financing located in Jababeka by adapting the green building concept, while the project awarded for the Transport Deal of the Year was for IIF’s involvement in the first PPP project of railway in Indonesia. Another award given to IIF is the water supply project for connecting 61,000 household in 7 sub-district and 31 urban villages in Pekanbaru, Riau.

This major accomplishment will not be successful without the support of the whole team of IIF and our stakeholders. Receiving this award tonight from this prestigious institution, we believe this confirmed our contribution in executing infrastructure in a sustainable way. We are happy IIF has been acknowledged in a global stage. And this award will increase our motivation to strive in achieving higher goals in the future” Reynaldi Hermansjah, CEO of IIF said.

Best Sustainability Bond for Non-Banking Financial Institution during The Asset Triple A Sustainable Capital Markets Country and Regional Awards 2021.

PT Indonesia Infrastructure Finance

PT Indonesia Infrastructure Finance (“IIF”) is a private non-bank financial institution, which is engaged in infrastructure financing and advisory services that are professionally managed and focused on commercially viable infrastructure projects. IIF was established on January 15, 2010 at the initiative of the Government of the Republic of Indonesia – Ministry of Finance of the Republic of Indonesia together with the World Bank Group, Asian Development Bank (ADB) and other multilateral institutions.

In its operations, IIF applies best practices based on international standards in providing credit, risk management, good corporate governance, and social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.

Further Queries:
Nastantio W. Hadi
Head of Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 2991 5060; Fax. (021) 2991 5061
[email protected]