State-owned EPC Contractor for Infrastructure
|Project||:||Multi Infrastructure Projects Contractor|
|First Disclosure Date||:||February 2022|
IIF provides a loan for a State-owned Construction Company located in Jakarta, that has more than 50 years of experience in doing works on infrastructure projects, namely amongst others are toll road and airport projects. The loan facility will be used to support working capital for the projects in accordance with the infrastructure sector that can be financed by IIF based on the Minister of Finance Regulation No. 100 of 2009 and the Financial Services Authority Regulation No. 46 of 2020 concerning Infrastructure Financing Companies. Some of the social and environmental risks and impacts expected from the construction activities are typical of civil works such as health and safety working condition, dust and noise, pollution, and community health and safety risks that require adequate and proper management. All risks and impacts of construction works are considered medium which can be mitigated by adhering to IIF Social and Environmental Principles. Hence in terms of social and environmental aspects, this project is categorized as B category.
Project’s Environmental Document
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Last Update: February 2022