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IIF’s Contribution to the Sustainable Transportation Seminar in Chengdu, China

Posted on by adminiif
Jakarta, 7 November, 2024 – As a catalyst for sustainable infrastructure development, PT Indonesia Infrastructure Finance (“IIF”) participated as a speaker at the seminar titled “Environmental and Social Safeguards Community of Practice (CoP) Seminar on Sustainable Transport Investments: Opportunities, Challenges, and Good Practices,” held from 31 October  to 1 November 2024 in Chengdu, China. This annual seminar was organized by the Asian Infrastructure Investment Bank (AIIB) and the Multilateral Cooperation Center for Development Finance (MCDF).

The seminar aimed to present and discuss best practices and lessons learned in managing environmental and social risks in transportation infrastructure projects that can be practically applied by market players in the context of developing countries in Asia. Additionally, the seminar provided a platform to discuss new opportunities and challenges faced by Multilateral Development Banks (MDBs) and their partners in managing environmental and social impacts and risks.

Yayan Indriatmoko and Dicka Andilla Vebri,  Social and Environmental Specialists IIF presented on the processes, challenges, and lessons learned from implementing Social and Environmental Safeguards in IIF’s transportation sector. The transportation infrastructure sector is a significant area of IIF financing, accounting for the second-largest proportion (21%) after the electricity sector. Since 2013, IIF has participated in financing eleven (11) toll roads mostly located on the island of Java, three (3) ports in Sumatra and Sulawesi, three (3) airport projects (located in Java, Kalimantan, Sulawesi), as well as two (2) railway and mass transportation projects in Sulawesi and Java.

During the seminar, Yayan stated that, “Transportation infrastructure such as toll roads, railways, and airports generally has significant social and environmental risks and impacts related to land acquisition, public health and safety, biodiversity and habitat fragmentation, cultural heritage, and so on. Therefore, implementing social and environmental safeguard standards is key to ensuring that these risks and impacts can be avoided, minimized, or compensated if avoidance is not possible. As a catalyst for sustainable infrastructure development, IIF continues to strive to improve the application of safeguard standards on funded projects, including enhancing the capacity of project

initiators and stakeholders in managing social and environmental risks and impacts according to IIF’s sustainability policies.”

Through its role as a speaker at this seminar, IIF has demonstrated its commitment to continuously improving the application of social and environmental safeguard standards in infrastructure projects in Indonesia to achieve sustainable development goals.

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. Currently, the ownership of IIF is held by PT Sarana Multi Infrastruktur/SMI (Persero), Asian Development Bank (ADB), the International Finance Corporation (IFC) which is part of the World Bank, Deutsche Investitions-und Entwicklungsgesellschaft (DEG) which is fully owned by KfW, and Sumitomo Mitsui Banking Corporation (SMBC).

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]

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