Products & Services

• Financing Scheme
• Partnerships
• PT IIF
• Project Portfolio
• PPP Project Showcase
• Capacity Building
• Sectoral Review
• Key Success Factor of the Infrastructure Development

PT Indonesia Infrastructure Finance (“PT IIF”) was officially launched on August 9th, 2010 by the Minister of Finance of Republic of Indonesia, Agus D.W. Martowardojo, as part of the government commitment to accelerate infrastructure development in Indonesia.

PT IIF is a private enterprise funded by its founding shareholders comprising of IDR 600 billion from the Government of Indonesia through PT Sarana Multi Infrastruktur (Persero) (PT SMI), IDR 400 billion (equivalent) from Asian Development Bank (ADB), IDR 400 billion (equivalent) from International Finance Corporation (IFC), and IDR 200 billion (equivalent) from DEG - Deutsche Investitions- und Entwicklungsgesellschaft mbH.

Going forward, PT IIF welcomes equity participation from other private investors to expand the pool of funds available for infrastructure projects in Indonesia. The World Bank and ADB have also approved loans worth the equivalent of IDR 1 trillion each to PT IIF. The Australian Government provided grant support for preparatory work for PT IIF’s establishment.

PT IIF is a non bank financial institution that focuses on providing long term funding for infrastructure projects in Indonesia. As an infrastructure financing company, PT IIF is expected to increase the availability of equity and long term debt, particularly Rupiah, debt, available for private infrastructure investment in Indonesia.

PT IIF will provide funding towards commercially feasible, mainly private, infrastructure projects through debt instruments, equity participation or infrastructure financing guarantee for credit enhancement.

The concept of establishing a specialized infrastructure financing agency was first proposed at the Infrastructure Summit in 2005. Since then, the World Bank, ADB, IFC and DEG have worked closely with the Government of Indonesia to design and create a new, commercially focused agency to revitalize private investment in Indonesian infrastructure. AUSAID has provided important financial support towards the development of the PT IIF business plan.

Board of Directors:

Chief Executive Officer	:	Mr. Kartika Wirjoatmodjo
Chief Financial Officer	:	Mr. Bibin Busono

Board of Commissioners:

President Commissioner	:	Mr. Sofyan Djalil
Commissioner	:	Mr. Arif Baharudin
Commissioner	:	Mr. Jemal-ud-din Kassum
Commissioner	:	Mr. Robert van Zwieten
Commissioner	:	Mr. Hans-Juergen Hertel
Commissioner	:	Mr. Dr. Marwanto Harjowiryono

Shareholding Structure of PT IIF

Investor	Paid up Capital on the establishment of IIF (IDR)	Max Commitment (IDR equivalent)
PT SMI	40,300,000,000	600,000,000,000
IFC	19,900,000,000	400,000,000,000
ADB	19,900,000,000	400,000,000,000
DEG	19,900,000,000	200,000,000,000
TOTAL	100,000,000,000	1,600,000,000,000 **

**The remaining investment is expected to come from the private sector

1. PT SMI and PT IIF will operate synergistically and complement to each other.
   
2. Given that PT IIF has the support and commitment from Government of Indonesia (through PT SMI) and other International Financial Institutions as its founder shareholders. It would be able to broaden its shareholder base and increase its capital further by inviting other private sector investors.

The Synergy

1. PT PII provides guarantee over certain investment risks to increase PPP project feasibility and comfort to private investor.
   
2. PT SMI and PT IIF provide co-financing towards infrastructure investment.
3. PT SMI, PT PII and IIF contribute to the acceleration of infrastructure developement through:
   • Advisory services (project feasibility study, financing scheme, etc).
   • Providing advice to the GoI based on view of what seems to be the real problems (forms of incentive, fiscal policy support, regulatory reform, etc).
   • Socialization (Investor Forum, Infrastructure Forum, etc.)

Environmental and Social Safeguards Framework (ESSF)

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