Accelerating Infrastructure Development, IIF Finances Cimanggis-Cibitung Toll Road  Project

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Bali, 22 May 2024 – PT Indonesia  Infrastructure Finance (“IIF”) signed a Cash  Deficiency Support (CDS) facility agreement  worth Rp300 billion with PT Cimanggis  Cibitung Tollways (“CCT”). The signing was  carried out by President Director of IIF – Reynaldi Hermansjah and CCT President Director Indar Barung at the Bali Beach Hotel,  Bali.

 

The CDS facility allows CCT to meet its cash  needs at the beginning of toll road operations  until traffic volume reaches an optimal level.  The provision of this facility is also a form of  synergy between IIF and PT Sarana Multi  Infrastruktur (Persero) (“SMI”) considering  that CCT is one of SMI’s subsidiaries.

 

Reynaldi Hermansjah welcomed the  cooperation and expressed optimism about  CCT’s business prospects. “The Cimanggis Cibitung toll road is one of the National  Strategic Projects (PSN) that provides  significant economic benefits to the  community, and we believe that CCT is the  right partner to work with on this project.”

 

CCT itself is the concessionaire of the 26.184 km Cimanggis-Cibitung Toll Road, which  began commercial operation in November  2020 with the opening of Section 1A  (Cimanggis – Jatikarya) with a length of 3.17  km. In April 2023, CCT started operating  Section 2A (Jatikarya – Cikeas) with a length  of 3.36 km, while Section 2B (Cikeas – Cibitung) with a length of 19.65 km is  expected to start operating in mid 2024.

 

The Cimanggis-Cibitung toll road is part of the  JORR 2 toll road network that loops from  Cengkareng to Tanjung Priok with a total  length of 110.8 km. CCT is the last section of  JORR 2 that is connected to 4 toll roads and  1 more toll road that will be built later. 

 

This cooperation will also complete the entire  JORR 2 access network, which contributes to  equalizing traffic flow so that traffic  congestion can be reduced on several toll  roads such as Cikampek, Jagorawi and JORR  TB Simatupang. 

 

In conclusion, Reynaldi hopes that this  collaboration can continue to be established  and enhanced in the future, so that more  infrastructure projects can be funded and  contribute greatly to national economic  growth.

 

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 15 January 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 Division

PT Indonesia Infrastructure Finance

Telp: (021) 2991 5060;

Fax: (021) 2991 506;

E-mail: [email protected]

Social Media: 

• Instagram: @pt_iif 

LinkedIn: IndonesiaInfrastructureFinance

World Water Forum 2024: IIF’s Role  in Supporting Sustainable Water  Infrastructure Development in  Indonesia 

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Bali, 24 May 2024 – PT Indonesia  Infrastructure Finance (“IIF”) participated in  the 10th World Water Forum (“WWF”)  activities held in Bali on 18-25 May 2024,  attended by more than 190 countries and  bringing together participants from various  levels and fields, including politics,  multilateral institutions, academia, civil  society, and the private sector. WWF itself  aims to be a means of international meetings  to discuss global water issues, in particular  and outline world water management and  sanitation policies.

 

On this occasion, IIF, represented by Reynaldi  Hermansjah – President Director was invited  as a speaker at two discussion sessions held  on 23 – 24 May 2024. The first discussion  session had the theme “Unlocking the Flow:  Key Lessons in Sustainable Financing for  Climate-Resilient Water Infrastructure in  Indonesia”, IIF conveyed its important role in  providing financing for water infrastructure  development in Indonesia. In 2023, water and  waste infrastructure will be one of IIF’s  largest portfolios, with a focus on Drinking  Water Supply Systems (SPAM) and Water  Treatment Plants.

 

Through the Public-Private Partnership (PPP)  scheme, IIF has facilitated access to clean  water supply for more than 1.3 million  households or 15.67% of the target  population. IIF’s innovation in collaborating  with Regional Drinking Water Companies  (PDAM) and drinking water companies is a  factor in the long-term success of the PPP  initiative. 

 

Furthermore, in the second discussion  session with the theme “Redefining Wise  Investment: Going Beyond Traditional  Metrics with ESG-Based Financing for Water  Infrastructure in Indonesia”, IIF spoke about  the phenomenon of climate change which  has had an impact on investment, especially  in the air infrastructure sector in Indonesia.  Therefore, the application of Environmental,  Social and Governance (ESG) principles is  becoming increasingly important, not only  providing social and environmental benefits,  but also economically in the long term. Reynaldi Hermansjah said, “IIF is committed to  continuing to support the development of water infrastructure in Indonesia by implementing ESG  principles and encouraging collaboration  between the public and private sectors. Apart  from that, IIF also prioritizes water infrastructure projects that are environmentally  friendly and sustainable and ensures that these  projects provide real benefits for the  community.”

 

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 15 January 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 Division

PT Indonesia Infrastructure Finance

Telp: (021) 2991 5060;

Fax: (021) 2991 506;

E-mail: [email protected]

Social Media: 

• Instagram: @pt_iif 

LinkedIn: IndonesiaInfrastructureFinance

IIF Encourages Sustainable Infrastructure Development at #Infra4dev Conference

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Jakarta, 22 May 2024 – PT Indonesia Infrastructure Finance (IIF), represented by the President Director, Reynaldi Hermansjah, participated in the Infrastructure for Development conference (#Infra4Dev Conference) organized by the World Bank Group in Rabat, Morocco on 9 -10 May 2024. This conference is a forum for open dialogue for leading economic researchers, policy makers and practitioners of sustainable infrastructure development.

On this occasion, IIF conveyed two important issues, first, related to strategies for integrating gender equality in infrastructure projects to ensure that IIF infrastructure financing can provide positive impacts in an inclusive manner, especially for Public-Private Partnership (PPP) schemes.

Meanwhile, in the second issue, IIF delivered a presentation regarding innovative solutions in financing infrastructure development through local currency (Rupiah) to mitigate the negative impact of exchange rate volatility. IIF provides this solution by providing fund-based products such as long-term loans, non-fund-based products such as guarantees and other services related to infrastructure projects.

In line with its mandate as a pioneer in infrastructure development in Indonesia, IIF has participated in many major PPP-based projects, including toll road projects, railway projects and the first Wind Power Plant (PLTA) in Sulawesi.

Reynaldi said, “IIF’s participation in the #Infra4Dev conference is a strategic platform to once again strengthen its commitment as a catalyst and agent of change in infrastructure financing with the principles of sustainable values“.

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 15 January 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 Division

PT Indonesia Infrastructure Finance

Telp: (021) 2991 5060;

Fax: (021) 2991 506;

E-mail: [email protected]

Social Media:

  • Instagram: @pt_iif
  • LinkedIn: IndonesiaInfrastructureFinance

IIF Allocates Rp700 Billion Senior Term Loan to SAG to Support Increased National Gas ProductionIIF’s Anniversary Dialogue: A Revelation of IIF’s Commitment to Sustainable Infrastructure Growth

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Jakarta, 13 May 2024 – In early April 2024, PT Indonesia Infrastructure Finance (“IIF”) and PT Sumber Aneka Gas (“SAG”) signed a senior term facility financing agreement worth Rp700 billion for the construction of a Liquefied Natural Gas (LNG) plant in Tuban, East Java.

The signing ceremony was attended by Reynaldi Hermansjah, President Director of IIF, and Agustus Sani Nugroho, President Director of SAG, witnessed by M. Ramadhan Harahap, Director of Investments of IIF, and RhezaSusanto, President Commissioner of SAG.

This LNG project marks the first of its kind on the island of Java, aligning with the Indonesian government’s program to expand the use of small-scale LNG to meet domestic demand and reduce LPG imports.

On the same occasion, Reynaldi Hermansjahstated, “This project demonstrates IIF’s commitment to supporting infrastructure development in Indonesia. This collaboration represents a significant step towards achieving the nation’s energy transition goals and increasing domestic gas production targets within the national energy mix.

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 15 January 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 Division

PT Indonesia Infrastructure Finance

Telp: (021) 2991 5060;

Fax: (021) 2991 506;

E-mail: [email protected]

Social Media: 

• Instagram: @pt_iif 

LinkedIn: IndonesiaInfrastructureFinance

Powering Indonesia’s Sustainable Future: IIF Joins Forces with Ministry of Energy and Mineral Resources to Drive Energy Efficiency

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Jakarta, 24 April 2024 – PT Indonesia Infrastructure Finance (IIF) reaffirmed its strong support for the Indonesian government’s efforts to promote energy efficiency across the country. The company’s commitment was reiterated during a Focus Group Discussion (FGD) organized by the Ministry of Energy and Mineral Resources (ESDM) in collaboration with development partners, guarantors, financial institutions, and energy providers on Wednesday, 24 April. The FGD was attended by a distinguished group of participants, including Kevin Tantra, Business Development Team Leader at IIF, and Erna Rasjid, Head of Public Advisory at IIF.

Head of Legal & Corporate Secretary at IIF, Nastantio W. Hadi highlighted that IIF has played a significant role in financing renewable energy projects, contributing to 25% of the total projects it has supported. These projects span across various renewable energy sources, including hydropower, solar, biomass, and geothermal power.

Notably, IIF adheres to strict ESG (Environmental, Social, and Governance) principles and complies with all applicable laws and regulations in every project it undertakes. This commitment aligns with the Indonesian government’s ambitious goal of achieving net-zero emissions by 2060.

“IIF is fully committed to assisting Indonesia in achieving its energy efficiency goals by providing financing advisory services, supporting policies, and collaborating with relevant ministries and organizations. We are prepared to help Indonesia reduce its energy consumption and greenhouse gas emissions,” concluded Nastantio.

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 15 January 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 Division

PT Indonesia Infrastructure Finance

Telp: (021) 2991 5060;

Fax: (021) 2991 5061

E-mail: [email protected]

Social Media: 

• Instagram: @pt_iif 

• LinkedIn: IndonesiaInfrastructureFinance