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Jakarta, January 2020 – On January 15 2020 PT Indonesia Infrastructure Finance (IIF) marks its 10 years existence. Within these years, numerous achievements were realized. As a catalyst in sustainable infrastructure financing IIF provided ground breaking products, mostly uncommon in the financial market. In celebration of the 10th Year Anniversary, IIF hosted an event with prominent stakeholders including the current Ministry of Finance, Ibu Sri Mulyani and two former Ministry of Finance, Bapak Agus Martowardojo – who currently sits as the President Commissioner of PT Sarana Multi Infrastruktur (Persero), IIF’s majority shareholder and Bapak Chatib Basri- who currently sits as the Deputy President Commissioner of PT Bank Mandiri (Persero) Tbk, is also former President Commissioner of IIF.
IIF and Ibu Sri Mulyani has rooting relationship, as the company’s establishment is based on the mandate initiated by the Minister herself 10 years ago. It was stated during Ibu Sri Mulyani’s speech how IIF has participated in financing projects worth Rp160 Trillion, 80 times more than its equity within one decade of the company’s existence.
“An institution such as IIF become pillars to help build a credible and public collaboration culture that is truly based on noble good intentions. This is what I want to delegate PT IIF in the framework of 10 years. I want to thank all the board and members because this is a place to work where you can channel your hopes and expectations to do good for yourself even the society and nation” stated by Ibu Sri Mulyani.
Following Ibu Sri Mulyani’s speech, the Minister herself conducted tumpeng ceremony together with IIF’s President Director Bapak Reynaldi Hermansjah. Part of Ibu Sri Mulyani’s visit to IIF Office, the Minister did an office tour of IIF where the office members were greeted warmly. Other prominent invitees include representative of IIF’s Shareholders; Asian Development Bank, International Finance Corporation, and. Sumitomo Mitsui Bank Corporation.
In its 10 year work, IIF has financed the first project: the Cikampek – Palimanan Toll Road Section, Issued the first bonds worth Rp1,5 trillion, the first PPP financing in the Telko Field; Palapa Ring Tengah, first PPP financing in the field of water supply: Umbulan SPAM, and participating in the acquisition of Indonesia’s largest geothermal power plant: Wayang Windu. In 2019, IIF also entered the Social Infrastructure sector; namely hospitals and educational institutions.
PT Indonesia Infrastructure Finance:
PT Indonesia Infrastructure Finance (IIF) is a private non-bank financial institution, that engages in infrastructure financing and advisory services that are managed professionally and focuses on commercially viable infrastructure projects. IIF’s core business aims to support the development and financing of infrastructure in Indonesia by engaging the private sector in both domestic and international and multilateral institutions, thus thriving to be a catalyst.
IIF was established on January 15, 2010 by the Government of the Republic of Indonesia. Ministry of Finance of the Republic of Indonesia along with World Bank, Asian Development Bank (ADB) and other multilateral institutions,based on Company’s Deed of Establishment. Business License was issued through the Decree of Minister of Finance (KMK) No 439/KM.10/2010.
Products provided by IIF includes senior loan, subordinate loans, and mezzanine loans available in Rupiah (IDR) and the United States Dollar (USD) along with various fee-based services. Advisory services offered by IIF covers financial advisory and project transaction catered to the Public and Private sectors.
In its operations, IIF applies best practices based on international standards in its credit, risk management and all aspects of its corporate governance, and in implementing international social and environmental protection standards to ensure the sustainability of infrastructure development in Indonesia.
Further Queries:
Nastantio W. Hadi
SVP Legal and Corporate Secretary
PT Indonesia Infrastructure Finance
Telp. (021) 299 15060; Fax. (021) 299 15061