March 2021 – Coinciding with World Water Day on Monday, 22 March 2021, the Umbulan Drinking Water Supply System (SPAM) Project, East Java, was commemorated by Mr. President Ir. Joko Widodo along with the presence of the Minister of Finance – Mrs. Sri Mulyani Indrawati, Minister of Public Work and Public Housing – Mr. Basuki Hadimuljono, Minister of Health – Mr. Budi Gunadi Sadikin, East Java Governor – Mrs. Khofifah Indar Parawansa and East Java Deputy Governor – Mr. Emil Dardak.

PT Indonesia Infrastructure Finance (IIF) leads the syndication financing agreement to SPAM Umbulan project to supply drinking water for 1.3 million people. As  mandated in being a catalyst and enabler in infrastructure development financing, this project exhibits IIF’s commitment in developing sustainable infrastructure development and in providing the basic needs of drinking water for the society.

The SPAM Umbulan project, costs Rp2.58 trillion for its investment, it is one of the National Strategic Projects (PSN) and the first water project under the Public-Private Partnership (PPP) scheme. It has a capacity of 3,920 lps and will be distributed to five of PDAM’s district and city in East Java.

As the first PPP water sector project in Indonesia, this proves that infrastructure projects under the PPP scheme draws attraction in demand and can be accepted by the private sector and can certainly alleviate the burden on the Government Budget.

Mr. Ramadhan Harahap, Managing Director and Chief Investment Officer of IIF, was the representative of the Company for the ceremony. “IIF is extremely proud to be part of this project development and grateful that this project finally came to operation. We consistently support sustainable development in Indonesia. Hopefully, this will be one of many projects that can benefit the likelihood of communities in Indonesia” as remarked by Mr. Ramadhan Harahap.

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, 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
corsec@iif.co.id