PPP – PROJECT DIGEST

19 Sectors Covered for PPP in Indonesia

CONNECTIVITY URBAN SOCIAL
INFRASTRUCTURE INFRASTRUCTURE
Road
 Toll Roads Water supply Tourism
 Toll Bridges
 Roads
Transportation Waste management
 Seaports system Education facilities
 Airports
 Railways Water resources &
 Road transportation irrigation
Electricity Sports, art & culture
 Power plants facilities
 Transmission Localized waste
water management
Energy conservation
 Street lighting Health
Centralized waste
Oil, Gas, and water management
Renewable energy
Public housing Zone/ Estates
Telecommunication
& Informatics
 Fiber optics
 E-government Urban facility Penintentiary
 Satellite  Traditional market
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2
 Solicited PPP Project Pipeline
10 under construction projects and 33 on progress projects

PLANNING PREPARATION TRANSACTION CONSTRUCTION

Preliminary Outline Business Case Final Business Case Tender Request for PPP Agreement
PQ Bid Award Financial Close
study (OBC) (FBC) Preparation Proposal Signing

1. Semarang – Demak Toll 1. Manado - Bitung Toll

1. Riau Non-Toll 1. Yogya - Bawen Toll 1. Serang -
Road Road
Road Road Panimbang
2. Surabaya - Madura Toll 2. Balikpapan -
2. South Sumatera 2. Surakarta Street Toll Road
Bridge Samarinda Toll Road
Non-Toll Road Lighting (Government
3. Medan Municipal 3. Pandaan - Malang
3. Labuan bajo 3. Multifunction Satellite side 33 km)
Transport (LRT) Toll Road
Airport 4. National Integrated 2. West
4. Pekanbaru Regional 4. Batang - Semarang
4. Makassar- Welfare System Semarang
Water Supply Toll Road
parepare Railway 5. Dharmais Cancer Water Supply
5. University of Sam 5. Serpong - Balaraja
5. UNDIP’s Marine Hospital
Ratulangi Teaching Toll Road
Institute 6. Nusakambangan
Hospital 1. Jakarta -Cikampek 6. Umbulan Water
6. ITB Cirebon Industrial Correctional
6. Sidoarjo General Hospital South Toll Road Supply
7. UIN Malang Facility
7. Pirngadi Hospital 2. Probowangi Toll 7. Central Java Power
Dormitory 7. Correctional Facility
Road Plant
8. UGM Teaching Relocation (Ciangir)
3. Cisumdawu Toll 8. West Palapa Ring
Hospital Road 9. Central Palapa Ring
9. UIN Jakarta 4. Serang - 10. East Palapa Ring
Teaching Hospital Panimbang Toll
10. UIN Makassar Road (PPP 51 km)
Teaching Hospital 5. Bandar Lampung
11. Udayana Water Supply
Teaching Hospital 6. Nambo Regional
Waste
Management
Data per 21/02/2018
TOTAL: US$ 3.0 billion + 11 under calculation projects TOTAL: US$ 4.0 billion TOTAL: US$ 7.8 billion
3
3
 Unsolicited PPP Project Pipeline
2 under construction projects and 3 on progress projects

Private as
the project innitiator
(UNSOLICITED)
Project proponent submits PPP
a proposal and pre-FS Business Entity FS evaluation Procurement Agreement Financial
document to GCA submits FS Signing Close
Construction
.
• Pre-FS document evaluation to Issuing approval letter:
get pre-FS approval; 1. Establishing the project as an Construction
• GCA gives the rights to project Unsolicited Project;
1. Karian Water proponent to prepare FS Jatiluhur Water Supply 2. Establishing the business entity as
Supply (US$ 123.7 million) the project initiator.
2. TOD Poris Evaluation 1.0 Billion USD
Plawad Criteria 2 Toll Road Projects
Compensation option • Krian – Legundi –
Technically integrated with Bunder – Manyar
the sector’s master plan to the project initiator (US$ 0.9 billion)
• Jakarta – Cikampek
4
Economically and Elevated II
financially viable Additional mark of The GCA (US$ 0.1 billion)
10% on the Right to match purchase the
The business entity that proposes the
initiative has adequate financial
procurement score PPP initiative
capability to finance the project.

Data per 21/02/2018

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4
 PPP PROJECTS
UNDER TRANSACTION

5
SERANG – PANIMBANG TOLL ROAD (33 KM)
LOCATION: West Java

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)

Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 40 years

Estimated Project Cost : US$ 251.9 million Indicative Project Structure

Description : Financial Feasibility:

Serang – Panimbang Toll Road is located in Banten FIRR : 10.52%
NPV : US$ 5.5 million
Province where the toll reaches from Jakarta to Tanjung Public
Lesung Special Economic Zone. Furthermore, one of the Service
Agency (BLU)
attractive points for the development of this toll road is BPJT

that it will have tremendous facilities, such as the Indicative Government Support & Guarantee:
development of residential areas and commercial areas  Several risks from the Government which can be
along the corridor. The return on investment for this potentially guaranteed by IIGF.
project is through Availability Payment method. Creditor

Implementation Schedule (ETA):

Business Opportunity:
1. Preparation : 2016
Transaction adviser/bidder/financier Toll Revenue
2. Land Acquisition : 2017
3. Construction : 2018
Project Status:
4. Operation : 2019
Project is currently on PQ phase

6
SERANG – PANIMBANG TOLL ROAD (51 KM)
LOCATION: West Java

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)

Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 40 years

Estimated Project Cost : US$ 763.0 million Indicative Project Structure

Description : Financial Feasibility:

Serang – Panimbang Toll Road is located in Banten FIRR : 9.90% (without Government in-Kind) or
12.19 % (with Government in-Kind)
Province where the toll reaches from Jakarta to Tanjung
NPV : US$ 46.4 million Public
Lesung Special Economic Zone. Furthermore, one of the Service
Agency (BLU)
attractive points for the development of this toll road is BPJT

that it will have tremendous facilities, such as the
development of residential areas and commercial areas
along the corridor.
Indicative Government Support & Guarantee:
VGF (the financial calculation is assumed at US$ 192.6
million), several risks from the Government which can
be potentially guaranteed by IIGF.
Creditor

Implementation Schedule (ETA):

1. Preparation : 2016 Toll Revenue
Project Status: 2. Land Acquisition : 2017
Project is currently on PPP Agreement Signing phase 3. Construction : 2018
4. Operation : 2019

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JAKARTA – CIKAMPEK II SOUTH SECTION TOLL ROAD
LOCATION: Bekasi, West Java

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)

Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
I I Estimated Concession Period : 35 years
C C
- - Indicative Project Structure
2 Estimated Project Cost : US$ 1,367.0 million
3
70% 30%
Bank (Debt) Equity
Financial Feasibility: ( 70% ) ( 30% )
FIRR : 12.52%
Description :
NPV : US$ 2.6 million
Traffic volume through the Jakarta - Cikampek toll road National
Toll Road
PPP Agreement
capacity has exceeded the V/C ratio high of 1.51. The Authority
SPV
User
Government and SPV Obligations (BUJT)
(BPJT) Tariff
Corridor plan of this Section toll road is located in the
area of the administration of the West Java Province Indicative Government Support & Guarantee:
Project’s authorization risk, construction delay risk and Regress Guarantee
with: the city of Bekasi, Bogor District, Bekasi District, Agreement Agreement
payment risk. Statement from Government to PT PII Co-guarantee
Karawang, and Purwakarta District. guarantee this project is also required. Regress
Agreement with
Ministry Ministry of Finance
Payment
of
Finance
Implementation Schedule (ETA):
1. Preparation : 2017
Project Status: 2. Land Acquisition : 2017 - 2018
Project is currently on PPP Agreement Signing phase 3. Contract Award : 2017
4. Construction : TBC
5. Operation : TBC
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PROBOLINGGO – BANYUWANGI TOLL ROAD
LOCATION: East Java

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)

Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 45 years

Estimated Project Cost : US$ 900.0 million Indicative Project Structure

70% 30%
Bank (Debt) Equity
Financial Feasibility: ( 70% ) ( 30% )
Description : IRR : 11.8%
This project is expected to play an integral part of East NPV : US$ 45.9 million
Java Road System. It is 172 km in length which National
Toll Road
PPP Agreement
SPV
connected Probolinggo and Banyuwangi, crossing three Authority
Government and SPV Obligations (BUJT)
User
(BPJT) Tariff
districts in East Java including Situbondo district. Each Indicative Government Support & Guarantee:
district has different potential resources which still Detail assessment of the required Government support
should be developed. and guarantee, in terms of form and scale, for the Regress
Agreement
Guarantee
Agreement
PT PII Co-guarantee
project is needed. It will be identified and specified in Regress
Agreement with
Ministry Ministry of Finance
the subsequent studies. of
Payment

Finance
Implementation Schedule (ETA):
1. Preparation : 2017
Project Status: 2. Land Acquisition : 2017 - 2018
Project is currently on PPP Agreement Signing phase 3. Contract Award : 2017
4. Construction : TBC
5. Operation : TBC
9
CILEUNYI – SUMEDANG – DAWUAN TOLL ROAD
LOCATION: West Java

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)

Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : N/A

Estimated Project Cost : US$ 622.2 million Indicative Project Structure

70% 30%
Bank (Debt) Equity
( 70% ) ( 30% )
Financial Feasibility:
The Cileunyi – Sumedang – Dawuan Toll Road project is FIRR : 14.2 %
will provide direct access for transporting agricultural NPV : US$ 19.0 million National
and manufacturing goods as well as services produced Toll Road
PPP Agreement
SPV
Authority User
from these areas to the port city of Cirebon. This toll (BPJT) Government and SPV Obligations (BUJT)
Tariff
road is urgently required to shift some of the
Indicative Government Support & Guarantee:
development to the east side of Bandung.
 Construction support from Government for Regress Guarantee
Agreement Agreement
approximately 29 km; PT PII Co-guarantee
Agreement with
 Several risks from the Government is guaranteed by Ministry
Regress
Payment
Ministry of Finance

IIGF. of
Finance

Investor(s) : Implementation Schedule (ETA):

PT Citra Karya Jabar Tol 1. Preparation : 2017
2. Land Acquisition : 2017 - 2019
Project Status : 3. Contract Award : 2017 - 2019
Project is currently on PPP Agreement Signing phase 4. Construction : 2017 – 2019
5. Operation : TBC
10
JATILUHUR REGIONAL WATER SUPPLY I
LOCATION: DKI Jakarta – West Java

Sector: Water Supply Sub-Sector: Water Supply

Government Contracting Agency : Director of Perum Jasa Tirta 2

Contact Person : Mr. Djoko Saputro
+62-264-201972; e-mail: pjt2@jasatirta2.co.id
Estimated Concession Period : 30 years

Estimated Project Cost : US$ 142.2 million Indicative Project Structure

Ministry of Public
Business Business Business
Works and
Financial Feasibility: Housing Entity Entity Entity
FIRR : 13.62% delegates investment investment investment
NPV : US$ 29.8 million as GCA in shares X% in shares Y% in shares Z%
Description :
Jatiluhur Regional Water Supply is a drinking water Perum Jasa Tirta 2 BOT Agreement
SPV
(GCA) 30 years
facility with 5000L/s out flow generated. This water
supply system (Karawang Regency, Bekasi Regency, Indicative Government Support & Guarantee: bulk water
sale and purchase agreement
Bekasi City, and DKI Jakarta) covers the construction of For Unsolicited Project, the project initiator will get a Construction Operational
intake, transmission pipeline, water treatment plant benefit to choose the compentation (additional 105 PAM Jaya Agreement Agreement
DKI Jakarta
(WTP), and main development network. point on the procurement score, right to match, or Development Partners
(consultant/contractor/ve WTP Operator
purchasing initiative ideas by GCA0 ndor)
PDAM Tirta Patriot
Bekasi City
Business Opportunity:
Bidder/financier Implementation Schedule (ETA):
PDAM Tirta Bhagasi
1. Preparation : 2013 - 2014 Bekasi Regency
Project Status: 2. Land Acquisition : 2016
Evaluation of Feasibility Study (Unsolicited Project) 3. Construction : 2018 PDAM Tirta Tarum
4. Operation : 2022 Karawang Regency

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WEST SEMARANG WATER SUPPLY
LOCATION: Central Java

Sector: Water Supply Sub-Sector: Water Supply

Government Contracting Agency : Director of PDAM Tirta Moedal, Municipal Government of Semarang
Contact Person : Muhammad Farchan (Director of PDAM Tirta Moedal Semarang Municipal);
+62248315514; e-mail: smgwater@gmail.com
Estimated Concession Period : 27 years

Estimated Project Cost : US$ 34.0 million Indicative Project Structure

Financial Feasibility:
FIRR : 16.00%
Description : NPV : US$ 1.8 million
West Semarang Water Supply project is built with a capacity
of 1,000 liters per second. The service area is planned to serve
three (3) subdistricts divided into five (5) service zone zones.
This project gets Project Development Fund from Ministry of Indicative Government Support & Guarantee:
Finance for Final Business Case Preparation and Transaction Project Development Fund from Ministry of Finance for
Advisor Support. Final Business Case Preparation and Transaction Advisor
Support.

Business Opportunity: Implementation Schedule (ETA):

Bidder/financier 1. Preparation : 2017
2. Land Acquisition : 2018
Project Status: 3. Construction : 2019 - 2020
Project is currently on PQ phase 4. Operation : 2021

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BANDAR LAMPUNG WATER SUPPLY
LOCATION: Lampung

Sector: Water Supply Sub-Sector: Water Supply

Government Contracting Agency : Way Rilau Regional Water Supply Company (“PDAM”)
Preparation Agency : PT SMI through PDF from Ministry of Finance
Contact Person : Mr Supardji (Technical Director of PDAM)
+62-721-483855; e-mail: kpbuspam@pdamwayrilau.com
Estimated Concession Period : 25 years

Estimated Project Cost : US$ 82.6 million Indicative Project Structure

Description :
Bandar Lampung Water Supply project is a joint project
between government and business entity in order to
increase the coverage of drinking water services for
society in Bandar Lampung from 20% (2015) to 46%
(2024) and improving environmental sanitation, living
standards, and public health. This project gets Viability
Gap Fund from Ministry of Finance.
Financial Feasibility:
FIRR : 15.30%
NPV : US$ 20.7 million
Indicative Government Support & Guarantee:
The project will require VGF from the Ministry of Finance,
financial project support from the Ministry of Public Works
and Housing and the City Government of Bandar Lampung.
Project guarantee from IIGF may be required.

Investor(s): Implementation Schedule (ETA):

Bangun Cipta Contractor – Bangun Tjipta Sarana 1. Preparation : 2017
2. Contract Signing : 2018
Project Status: 3. Financial Close & Construction : 2019
Project is currently on PPP Agreement Signing phase 4. Operation : 2020

13
Nambo Regional Waste Management
LOCATION: West Java

Sector: Waste Management System Sub-Sector: Waste Management

Government Contracting Agency : Governor of West Java Province

Implementation : Regional Waste Management Office, West Java
Contact Person : Edi Bahtiar (Head of Regional Waste Management Office
+62-81221264704; e-mail: edibahtiar63@yahoo.com
Estimated Concession Period : 25 years

Estimated Project Cost : US$ 44.4 million Indicative Project Structure

Description :
Nambo waste processing technology can accommodate
1500-1800 tons of waste every day turned into Refuse- Financial Feasibility:
derived Fuel. Tipping fee has been guaranteed through FIRR : 13.6 %
Local Government Regulation. NPV : US$ 4.8 million

Indicative Government Support & Guarantee:

Investor(s) : PT Jabar Bersih Lestari Tipping fee has been guaranteed through Local
Consortium: Emsus, Enbicon, Forcabel, Government Regulation.
Kun Hwa (Korea) and PT Panghegar
Energy Indonesia
Implementation Schedule (ETA):
Project Status: 1. Perparation : 2014
Project is currently on PPP Agreement Signing phase. 2. Bidding : 2015
3. Construction : 2017
4. Operation and Maintenance : 2019

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 Under Preparation

PPP PROJECTS
CONNECTIVITY
YOGYAKARTA – BAWEN TOLL ROAD
LOCATION: Yogyakarta - Central Java

Sector: Road Sub-Sector: Toll Road

LOCATION MAP
Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)
Contact Person : Mr. Herry Trisaputra Zuna, Head of BPJT
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : Under calculation

Estimated Project Cost : US$ 933.8 million Indicative Project Structure

Description : Financial Feasibility:

Yogya - Bawen toll road will connect Semarang - Solo FIRR : Under Calculation
toll road to Yogyakarta. It is planned to reduce heavy NPV : Under Calculation
traffic on the arterial road. This toll road will also
support industrial area in Ungaran - Bawen corridor and
development of Joglosemar tourism area. Economic
activity, industries, and tourism in Yogyakarta and Indicative Government Support & Guarantee:
Government support and Government guarantee will be
Semarang will encourage usage of Yogya - Bawen toll
determined in Final Business Case Study.
road. Furthermore, this project is included in the
Indonesia National Strategic Project (PSN).
Project Timeline:
Business Opportunity:
Transaction adviser/bidder/financier

Project Status:
Project is currently on Outline Business Case phase

16
SEMARANG – DEMAK TOLL ROAD
LOCATION: Central Java

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)

Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : Under Calculation

Estimated Project Cost : US$ 593.0 million Indicative Project Structure

Financial Feasibility:
FIRR : Under Calculation
NPV : Under Calculation
Description :
The proposed project will connect Semarang (Capital of
Central Java Province) – Demak (Tourism City). This Project Indicative Government Support & Guarantee:
has high traffic volume with 25.25 km in length. Semarang as Detail assessment of the required Government support and
a capital town of Central Java Province is well-developed with
guarantee, in terms of form and scale, for the project is
industrial goods and trading. On the other side, Demak is a
region that rich with its natural resources
needed. It will be identified and specified in the subsequent
studies.

Project Timeline:
Business Opportunity:
Transaction adviser/bidder/financier

Project Status:
Project is currently on Final Business Case phase

17
SURABAYA – MADURA BRIDGE TOLL ROAD
LOCATION: East Java

Sector: Road Sub-Sector: Toll Bridge

LOCATION MAP
Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)
Contact Person : Mr. Herry Trisaputra Zuna, Head of BPJT
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 15 years

Estimated Project Cost : US$ 24.0 million Indicative Project Structure

Description : Financial Feasibility:

Suramadu Bridge is a Toll Road Project that had been FIRR : Under Calculation
operated since 2009. The Government of Indonesia has NPV : Under Calculation
to conduct the tender process in order to continue the
operation and maintenance of this project.

Indicative Government Support & Guarantee:

Potentially guaranteed by IIGF.

Business Opportunity:
Project Timeline:
Operation and Maintenance (O&M)

Project Status:
Project is currently on Final Business Case phase

18
MEDAN MUNICIPAL TRANSPORT
LOCATION: North Sumatera

Sector: Transportation Sub-Sector: Railway

LOCATION MAP
Government Contracting Agency
Contact Person
Estimated Concession Period
: Mayor of Medan
: Mr. Wiriya Al Rahman (Head of Medan Development Planning Agency)
+62-61-4539406 / +62-811-639-162; e-mail: bappedamedan@gmail.com
: 35 years

Estimated Project Cost : US$ 353.0 million Indicative Project Structure

Description : Financial Feasibility:

The LRT system is planned to be built with elevated structures FIRR : 14.46%
connecting the urban sub-centers of Lau Chi Market in the NPV : US$ 293.4 million
Southwest of Medan with sub-city centers in the
northeastern part of Medan City along 21 km and through 16
stations. Meanwhile, the BRT system will cross Jalan
Sisingamaraja to Jalan Gatot Subroto with a length of 18.4 Indicative Government Support & Guarantee:
km. Government support and Government guarantee will be
determined in Final Business Case Study.

Business Opportunity:
Project Timeline:
Bidder/financier

Project Status:
Project is currently on Final Business Case phase

19
SURAKARTA STREET LIGHTING
LOCATION: Central Java

Sector: Energy Conservation Sub-Sector: Street Lighting

Government Contracting Agency : Mayor of Surakarta City

Contact Person : Mr. Budi Yulistianto(Surakarta City Regional Secretary); +62-271-662-266
e-mail: humas.solo@gmail.com
Estimated Concession Period : 10 or 20 years (will be concluded in FBC)

Estimated Project Cost: US$ 28.4 million (10 years) or Indicative Project Structure
US$45.9 million (20 years)
Regress
Financial Feasibility: Agreement IIGF
Description :
The Government of Surakarta intends to revitalize the public FIRR : 10.17% (10 years) or 10.67% (20 years) Government
services of its street lighting. The total length of the streets NPV : US$ 0.9 million (10 years) or Guarantee

is estimated at 976 km. Current studies show that the city US$ 2.4 million (20 years) Municipal Gov
PPP
SPC
Electricity
SOE (PT PLN)
Agreement Supply
needs around 31.890 lamp points.
AP Payment Electricity
Street Lighting Bill Payment
Indicative Government Support & Guarantee: Services
Government support and Government guarantee will User Escrow
be determined in Final Business Case Study. Account
PPP Street Lighting Services Agreement

Project Timeline:
Business Opportunity:
Transaction adviser/bidder/financier

Project Status:
Project is currently on Outline Business Case phase.

20
MULTIFUNCTION SATELITE
LOCATION: National

Sector: Telecommunications and Informatics Sub-Sector: Satellite

Government Contracting Agency : Minister of Communication and Information Technology

Contact Person : Mutsla Adlan (CEO Staff of USO Agency of Indonesia); +62-21-7258063
e-mail: adlan0311@gmail.com
Estimated Concession Period : 15 years

Estimated Project Cost : US$ 589.3 million Project Timeline:

Q1 2018 Q3 2018 Q4 2018 Q4 2018 Q2 2019 Q4 2019 Q4 2019

Financial Feasibility: Final Pre- Request Bid Award Contract Financial Construction
Description : FIRR : 8.81% Business Qualification for Signing Close
Case (FBC) Proposal
Multifunction satellite project is expected to provide NPV : US$ 75.0 million
benefits for Indonesia’s services to citizens as well as
education and defense development. This project plan Indicative Government Support & Guarantee:
is inseparable from the Indonesian BroadBand Plan Government support and Government guarantee
based on Presidential Regulation no. 96 of 2014 on will be determined in Final Business Case Study.
Broadband Plan of Indonesia 2014 - 2019. One of the
Indicative Project Structure
infrastructure policies and strategies in the Indonesia
Regress
Broadband Plan is optimizing the use of radio frequency Agreement IIGF
spectrum and satellite orbit as a limited resource.
Government
Guarantee
PPP Rental Service
Business Opportunity: MCI (GCA) Agreement
SPC Agreement
Provider
Agreement
Gov. Agencies
Bidder/financier
BP3TI AP Payment Service Payment

Project Status: USO Collaboration

Project is currently on Outline Business Case phase
USO Implementation

21
NATIONAL INTEGRATED WELFARE SYSTEM
LOCATION: National

Sector: Telecommunications and Informatics Sub-Sector: e-Government

Government Contracting Agency : Minister of Social Affair

Contact Person : Yeti Wulandari (Head of Data Management)
+62-81-298997999; e-mail: yeti.wulandari@kemsos.go.id
Estimated Concession Period : 20 years

Estimated Project Cost : US$ 176.5 million Indicative Project Structure

Description : Financial Feasibility:

Ministry of Social Affairs has a plan to develop nationally FIRR : 14.00%
integrated welfare system by web-based application with NPV : US$ 2,449.7 million
cloud computing technology. The scopes of the PPP project
are development of the information system, software, VPN
network in all districts/cities and province in Indonesia, cloud
computing service (virtual data center), conducting technical
assistance and implementation of monitoring and evaluation
Indicative Government Support & Guarantee:
system. Government support and Government guarantee
will be determined in Final Business Case.

Project Timeline:
Business Opportunity:
Bidder/financier

Project Status:
Project is currently on Outline Business Case phase

22
 Under Preparation

PPP PROJECTS
URBAN INFRASTRUCTURE
PEKANBARU REGIONAL WATER SUPPLY
LOCATION: Riau

Sector: Water Supply Sub-Sector: Water Supply

Government Contracting Agency : Director of PDAM Tirta Siak Pekanbaru

Contact Person : Kemas Yuzferi (Director of PDAM); +62-813-6440-1776
e-mail: kemasyuzferi@gmail.com
Estimated Concession Period : 25 years

Estimated Project Cost : US$ 35.5 million Indicative Project Structure

Financial Feasibility:
IRR : 16.00 %
Description : NPV : US$ 9.2 million
The purpose of Pekanbaru Water Supply is to provide
reliable drinking water infrastructure and to support
economic activities in Pekanbaru City as well as to be
managed efficiently. The project capacity plan is 500
liters per second. Home Connection is targeted at Indicative Government Support & Guarantee:
35,000 by 2021, an additional 26,451 home connection PDF from Ministry of Finance.
is required during 2017-2021 or 5,290 home connection
per year.
Project Timeline:
Business Opportunity: Q1 2018 Q3 2018 Q3 2018 Q1 2019 Q3 2019
Q1 2019 Q3 2019
Bidder/financier
Final Pre- Request for Contract Financial
Bid Award Construction
Business Qualification Proposal Signing Close
Project Status: Case (FBC)

Project is currently on Final Business Case phase

24
 Under Preparation

PPP PROJECTS
SOCIAL INFRASTRUCTURE
UNIVERSITY OF SAM RATULANGI TEACHING HOSPITAL
LOCATION: North Sulawesi

Sector: Education Sub-Sector: Teaching Hospital

Government Contracting Agency : Minister of Research, Technology, and Higher Education (MORTHE)
Preparation Agency : PT SMI and PT Danareksa through PDF from Ministry of Finance
Contact Person : Mr. Choiruddin; +62-81319001512; e-mail: choiruddin@gmail.com
Ms. Rini Nuzulul; +62-81288164064; e-mail: nuzulul.rini@gmail.com
Estimated Concession Period : 20 years

Estimated Project Cost : US$ 15.5 million Indicative Project Structure

GCA Public Service Agency

Financial Feasibility: (BLU UNSRAT)

FIRR : 10.85%
Description :
NPV : US$ 1.7 million
Teaching hospital will provide doctors who required in
the learning process because they can acknowledge
students, giving sustainable exercises or even tutoring Trustee
Bank
them privately in order to be a decent doctor, dentist,
and other health examiners. Indicative Government Support & Guarantee: SPV
Potentially guaranteed by IIGF.

Sam Ratulangi Teaching

LENDER Hospital
Business Opportunity: Project Timeline: a) Banking Institutions
b) Non-Banking Institutions
Transaction advisor/bidder/financier Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q4 2018 Q2 2019 Q2 2019 (PT. SMI, IIF, etc) SERVICES

Final Pre- Request Bid Award Contract Financial Construction College Patie Non
Project Status: Business Qualification for Signing Close
Students nts Core

Project is currently on Final Business Case phase Case (FBC) Proposal

26
DHARMAIS CANCER HOSPITAL
LOCATION: DKI Jakarta

Sector: Health Sub-Sector: Hospital

Government Contracting Agency : Minister of Health

Contact Person : dr. Ockti Palupi Rahyaningtyas, MPH (Secretary of PPP team Dharmais Cancer Hospital);
+62-21- 5681570; e-mail: ocktipalupi_pds@dharmais.co.id
Estimated Concession Period : 20 years

Estimated Project Cost : US$ 48.6 million Indicative Project Structure

Financial Feasibility:
FIRR : 13.90%
NPV : US$ 18.4 million
Description :
Ministry of Health will develop 2 tower building to support
Dharmais hospital as the national cancer center. Tower A will
function as a service building and hospice palliative which is Indicative Government Support & Guarantee:
the main support for Tower B (12-floor building) to be built. Government support and Government guarantee will
Tower B will function as an Integrated Executive Service be determined in Final Business Case (FBC).
Building.

Project Timeline:

Business Opportunity:
Transaction adviser/bidder/financier
Project Status:
Project is currently on Outline Business Case phase

27
SIDOARJO GENERAL HOSPITAL
LOCATION: East Java

Sector: Health Sub-Sector: Hospital

Government Contracting Agency : Regent of Sidoarjo

Preparation Agency : PT SMI through PDF from Ministry of Finance
Contact Person : Mr. Agoes Boedi Tjahjono (Regent Assistant on Administration, Economic and
Development); (+62-31) 894 7383; e-mail: kerjasama.sidoarjokab@gmail.com
Estimated Concession Period : 10 years

Estimated Project Cost : US$ 18.7 million Indicative Project Structure

Financial Feasibility:
FIRR : 9.90%
Description :
Sidoarjo Central Hospital is the second hospital owned by the NPV : US$ 14.0 million
Government of Sidoarjo Regency which aims to provide health
service facilities to the community in the western part of
Sidoarjo Regency. Sidoarjo Central Hospital is planned as a
type C hospital.
Indicative Government Support & Guarantee:
PDF from Ministry of Finance.

Patients
Business Opportunity:
Project Timeline:
Bidder/financier

Project Status:
Project is currently on Final Business Case phase

28
PIRNGADI HOSPITAL
LOCATION: North Sumatera

Sector: Health Sub-Sector: Hospital

Government Contracting Agency : Mayor of Medan

Contact Person : Mr. Wiriya Al Rahman (Head of Medan Development Planning Agency)
+6261 4517646 / +62-811639162; e-mail: bappedamedan@gmail.com
Estimated Concession Period : 10 years

Estimated Project Cost : US$ 40.9 million Indicative Project Structure

Financial Feasibility:
Description : FIRR : 12.00%
Development of a new wing, existing building renovation, NPV : US$ 38.1 million
emergency and medical equipment in Regional Hospital
of Medan Municipal and also to strengthen the hospital’s
operational capacity.
Indicative Government Support & Guarantee:
Government support and Government guarantee will be
determined in Final Business Case (FBC).

Business Opportunity:
Bidder/financier Project Timeline:

Project Status:
Project is currently on Final Business Case phase

29
NUSAKAMBANGAN INDUSTRIAL CORRECTIONAL FACILITY
LOCATION: Central Java

Sector: Penitentiary Sub-Sector: Industrial Correctional Facility

Government Contracting Agency : Minister of Law and Human Rights

Contact Person : Mr. Aman Riyadi (Director of Information Technology and Cooperation)
+62-21-3857611 ext. 205 / +62-81808230266;
e-mail: aman.pas@gmail.com or humasditjenpas@yahoo.co.id
Estimated Concession Period : 25 years

Estimated Project Cost : US$ 36.6 million Indicative Project Structure

Financial Feasibility:
Description : FIRR : 13.57%
The Project will combine correctional facility with NPV : US$ 83.0 million
productive activities such as livestock breeding. The
project aims to increase the value of prison by adding
economic production which is expected to promote
regional economic growth.
Indicative Government Support & Guarantee:
PDF from Ministry of Finance.

Business Opportunity: Project Timeline:

Bidder/financier

Project Status:
Project is currently on Outline Business Case phase

30
RELOCATION OF SALEMBA CORRECTIONAL FACILITY TO CIANGIR
LOCATION: DKI Jakarta and West Java

Sector: Penitentiary Sub-Sector: Correctional Facility

Government Contracting Agency : Minister of Law and Human Right

Contact Person : Mr. Aman Riyadi (Director of Information Technology and Cooperation)
+62-21-3857611 ext. 205 / +62-81808230266;
e-mail: aman.pas@gmail.com or humasditjenpas@yahoo.co.id
Estimated Concession Period : 15 years

Estimated Project Cost : US$ 91.0 million Indicative Project Structure

Financial Feasibility:
Description : FIRR : 14.77%
The relocation of the correctional facility in Salemba that is NPV : US$ 26.4 million
located in Central Jakarta to Ciangir, Banten Province
(around 40 km from Jakarta) has the following objectives: (i)
to solve the overcapacity in Salemba’s prison; (ii) DKI Jakarta
Spatial Plan did not accommodate current prison location; Indicative Government Support & Guarantee:
(iii) to accommodate the Government’s budget constraint for Government support and Government guarantee
building prisons. will be determined in Final Business Case Study.

Project Timeline:
Business Opportunity:
Transaction adviser/bidder/financier

Project Status:
Project is currently on Outline Business Case phase

31
 PPP PROJECTS
SUCCESS STORY

32
MANADO – BITUNG TOLL ROAD
LOCATION: North Sulawesi

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)

Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 40 years

Estimated Project Cost : US$ 396.0 million Indicative Project Structure

70% 30%
Bank (Debt) Equity
( 70% ) ( 30% )
Financial Feasibility:
Description : FIRR : 12.20 %
This toll road is one of the longest in Northern Sulawesi NPV : US$ 13.7 million National
Toll Road
PPP Agreement
SPV
connecting from Manado City to Bitung City, Authority
(BUJT)
User
(BPJT) Government and SPV Obligations Tariff
approximately 39.9 km in length.
Indicative Government Support & Guarantee:
Regress Guarantee
Necessity: - Land acquisition risk - Land fund risk Agreement
PT PII
Agreement
Co-guarantee
Investor(s) : - Tariff adjustment risk - Ramp up period Regress
Agreement with
Ministry Ministry of Finance
1. PT Jasa Marga (Persero) Tbk.; - Political risk - Termination risk of
Payment

2. PT Wijaya Karya (Persero) Tbk.; Finance

3. PT Pembangunan Perumahan (Persero) Tbk.
Implementation Schedule (ETA):
Financier : 1. Preparation : 2015
Refinance BNI, BCA, Bank Mandiri and PT SMI 2. Land Acquisition : 2016 - 2017
3. Construction : 2017 - 2019
4. Operation : 2019

33
BALIKPAPAN - SAMARINDA TOLL ROAD
LOCATION: East Kalimantan

Sector: Road Sub-Sector: Toll Road

LOCATION MAP
Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)
Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 40 years

Estimated Project Cost : US$ 767.0 million Indicative Project Structure

70% 30%
Bank (Debt) Equity
Description : Financial Feasibility: ( 70% ) ( 30% )

This 99 km toll road will connect the two largest cities in FIRR : 13.78%
East Kalimantan, Balikapapan and Samarinda. This NPV : US$ 260.0 million National
project is divided into two sections, Section 1 consists of Toll Road
PPP Agreement
SPV
Authority User
Package 1 (25.07 km) and Package 5 (11.09 km) and (BPJT) Government and SPV Obligations (BUJT)
Tariff
Section 2 consists of Package 2 (23.26 km), Package 3
(21.9 km) and Package 4 (17.7 km). Indicative Government Support & Guarantee:
Regress Guarantee
Necessity: - Land acquisition risk - Land fund risk Agreement
PT PII
Agreement
Co-guarantee
- Tariff adjustment risk - Ramp up period Regress
Agreement with
Investor(s) : - Political risk - Termination risk Ministry Payment
Ministry of Finance
of
1. PT Jasa Marga (Persero) Tbk.; Finance
2. PT Wijaya Karya (Persero) Tbk.;
3. PT Pembangunan Perumahan (Persero) Tbk.; Implementation Schedule (ETA):
4. PT Bangun Tjipta Sarana. 1. Preparation : 2015
2. Land Acquisition : 2016
Financier : 3. Construction : 2016 - 2018
Financial close through Contractor Pre-Financing (CPF) 4. Operation : 2019

34
PANDAAN - MALANG TOLL ROAD
LOCATION: East Java

Sector: Road Sub-Sector: Toll Road

LOCATION MAP
Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)
Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 35 years

Estimated Project Cost : US$ 461.0 million Indicative Project Structure

70% 30%
Bank (Debt) Equity
Description : Financial Feasibility: ( 70% ) ( 30% )

Pandaan - Malang toll road is designed to improve FIRR : 13.81%

connectivity in the region. In addition, Pandaan – Malang NPV : US$ 99.0 million National
toll road is expected to facilitate industrial Toll Road
PPP Agreement
SPV
Authority User
transportations from Pandaan to Malang which are (BPJT) Government and SPV Obligations (BUJT)
Tariff
connected directly to Surabaya, and vice versa.
Indicative Government Support & Guarantee:
Regress Guarantee
Necessity: - Land acquisition risk - Land fund risk Agreement
PT PII
Agreement
Co-guarantee
- Tariff adjustment risk - Ramp up period Regress
Agreement with
Investor(s) : - Political risk - Termination risk Ministry Payment
Ministry of Finance
of
1. PT Jasa Marga (Persero) Tbk.; Finance
2. PT Pembangunan Perumahan (Persero) Tbk.;
3. PT Sarana Multi Infrastruktur (Persero). Implementation Schedule (ETA):
1. Preparation : 2015
Financier : 2. Land Acquisition : 2016 - 2017
Refinancing with syndication of BNI, BCA and Bank 3. Construction : 2016 - 2019
Mandiri 4. Operation : 2019

35
BATANG - SEMARANG TOLL ROAD
LOCATION: Central Java

Sector: Road Sub-Sector: Toll Road

LOCATION MAP
Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)
Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 45 years

Estimated Project Cost : US$ 850.0 million Indicative Project Structure

70% 30%
Bank (Debt) Equity
( 70% ) ( 30% )
Description : Financial Feasibility:
Batang - Semarang Toll Road (74.2 km) is a section of FIRR : 13.70%
the Trans-Java Toll Road Network that will connect NPV : US$ 230.0 million National
PPP Agreement
Jakarta and Surabaya. Batang is a regency on the north Toll Road SPV
Authority User
coast of Central Java Province while Semarang is the (BPJT) Government and SPV Obligations (BUJT)
Tariff
largest and capital city of Central Java Province.
Indicative Government Support & Guarantee:
Regress Guarantee
- Political risk - Land fund Agreement
PT PII
Agreement
Co-guarantee
- Land acquisition Regress
Agreement with
Ministry Ministry of Finance
- Tariff adjustment of
Payment

Finance

Investor(s) :
Implementation Schedule (ETA):
1. PT Jasa Marga (Persero) Tbk.;
1. Preparation : 2016
2. PT Waskita Toll Road.
2. Tender for SPC : 2016
3. Construction : 2016 - 2018
Financier : 4. Operation : 2019
Financial close through Contractor Pre-Financing (CPF)
36
SERPONG-BALARAJA TOLL ROAD
LOCATION: West Java

Sector: Road Sub-Sector: Toll Road

LOCATION MAP
Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)
Contact Person : Mr. Herry Trisaputra Zuna, Head of BPJT
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 40 years

Estimated Project Cost : US$ 464.0 million Indicative Project Structure

Description : Financial Feasibility:

Serpong-Balaraja Toll (30 km) is part of the Jabodetabek FIRR : 15.89%
road network. This toll road is located in Banten Province NPV : US$ 231.0 million
and will support rapid development in that area.

Indicative Government Support & Guarantee:

- Political risk
Investor(s) : - Land acquisition
1. PT Bumi Serpong Damai; - Tariff adjustment
2. PT Astratel Nusantara;
3. PT Transindo Karya;
4. PT Sinar Usaha Mahitala. Implementation Schedule (ETA):
1. Preparation : 2015
Financier : 2. Tender for SPC : 2016
Syndication between PT Bank Mandiri, PT Bank BNI and 3. Construction : 2016 - 2019
PT SMI 4. Operation : 2019

37
JAKARTA - CIKAMPEK ELEVATED II TOLL ROAD
LOCATION: Jakarta – West Java

Sector: Road Sub-Sector: Toll Road

LOCATION MAP
Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)
Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 45 years

Estimated Project Cost : US$ 1,249.0 million Indicative Project Structure

70% 30%
Bank (Debt) Equity
( 70% ) ( 30% )
Description : Financial Feasibility:
The project is an elevated 36.4 km toll road to be built FIRR : 12.6 %
over the existing Jakarta - Cikampek toll road, which is NPV : US$ 104.0 million National
Toll Road
PPP Agreement
being operated by PT Jasa Marga. The Jakarta - Authority
SPV
User
Government and SPV Obligations (BUJT)
Cikampek road is part of the Trans-Jakarta toll road (BPJT) Tariff

network connecting Jakarta and Surabaya. The existing

road’s capacity has already been reached, but there are Indicative Government Support & Guarantee: Regress Guarantee
Agreement Agreement
limitations to widening it thus the proposed solution is - Political risk - Termination risk PT PII Co-guarantee
Agreement with
to expand the road’s capacity by building over it. - Tariff adjustment Ministry
Regress
Payment
Ministry of Finance
of
Finance

Investor(s) :
Implementation Schedule (ETA):
1. PT Jasa Marga (Persero) Tbk. (80%);
1. Preparation : 2015
2. PT Ranggi Sugiron Perkasa (20%).
2. Tender for SPC : 2016
3. Construction : 2017 - 2019
Financier : 4. Operation : 2019
Syndication of bank on investment credit
38
KRIAN - LEGUNDI - BUNDER - MANYAR TOLL ROAD
LOCATION: East Java

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”)

Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT)
+62-21-7258063; e-mail: bpjt@pu.go.id or investasi2.bpjt@gmail.com
Estimated Concession Period : 45 years

Estimated Project Cost : US$ 940.0 million Indicative Project Structure

70% 30%
Bank (Debt) Equity
Description : Financial Feasibility: ( 70% ) ( 30% )

• Part of the Trans-Java Toll Road located in East Java FIRR : 14.6 %
with length at approximately 38.2 km from Krian to NPV : US$ 287.0 million National
Manyar. Toll Road
PPP Agreement
SPV
User
• One of the attractive points for development of this Authority
(BPJT) Government and SPV Obligations (BUJT)
Tariff
toll road is that it will have tremendous facilities, such
as development of residential areas and commercial
Indicative Government Support & Guarantee: Regress Guarantee
areas along the corridor. Agreement Agreement
Necessity: project’s authorization risk, construction PT PII Co-guarantee
Agreement with
Regress
delay risk, payment risk and guarantee statement. Ministry Payment
Ministry of Finance
of
Investor(s) : Finance
1. PT Waskita Toll Road (55%); Implementation Schedule (ETA):
2. PT Energi Bumi Mining (25%); 1. Preparation : 2015
3. PT Panca Wira Usaha Jawa Timur (20%); 2. Larap, Land Acquisition &
Tender for SPC : 2016
Financier : 3. Construction : 2017 - 2018
Financial close through Contractor Pre-Financing (CPF) 4. Operation : 2019
39
UMBULAN WATER SUPPLY
LOCATION: East Java

Sector: Water Supply Sub-Sector: Water Supply

LOCATION MAP
Government Contracting Agency : East Java Provincial Government
Contact Person : Mr. Lili Soleh Wartadipradja
e-mail: lili_soleh@yahoo.com
Estimated Concession Period : 25 years

Estimated Project Cost : US$ 140.7 million Indicative Project Structure

Description : Financial Feasibility:

The Umbulan Water Supply Project aims to increase the FIRR : 14.00%
water supply capacity to meet the demand in the East NPV : US$ 34.2 million
Java Province.

The capacity of the drinking water is 4,000 L/ps at Gresik

Indicative Government Support & Guarantee:
Regency, Surabaya City, Pasuruan City, Pasuruan Regency
The project is supported by VGF from the Ministry of
and PDAM (Industrial Area) connecting approximately
Finance, financial project support from the Ministry of
320,000 households.
Public Works and Housing and the Government of East
Java. Project guarantee by IIGF.
Investor(s) :
Consortium of Bangun Cipta Kontraktor and Medco Implementation Schedule (ETA):
Energy International 1. Preparation : 2011-2016
2. Land Acquisition : 2016-2017
Financier : 3. Construction : 2017-2019
PT IIF and PT SMI (Persero) 4. Operation : 2020

40
CENTRAL JAVA CFPP 2 X 1000 MW
LOCATION: Central Java

Sector: Electricity Sub-Sector: Power Plant

LOCATION MAP
Government Contracting Agency : Directorate General of Electricity, Ministry of Energy and Mineral Resources /
PT Perusahaan Listrik Negara (Persero)
Contact Person : Mr. Ipung Purwomarwanto (Marketing Mgr of Strategic IPP); +62 217261122
Concession Period : 25 years

Estimated Project Cost : US$ 3,018.3 million Indicative Project Structure

Financial Feasibility:
Description : FIRR : 11.12%
This project is the development of coal-fired power NPV : US$ 938.7 million
plant in Batang Regency, Central Java with a capacity of
2x1,000 MW. It is considered as the largest PPP
electricity project by capacity in Asia. This project
Indicative Government Support & Guarantee:
reached financial close on 6 June 2016 with PT.
Land acquisition, Capacity Payment (CP) and Availability
Bhimasena Power Indonesia as the investor.
Payment (AP). Guarantee by IIGF.

Investor(s) :
Implementation Schedule (ETA):
Consortium of J-Power, Adaro Power, Itochu Corporation;
1. Preparation : 2011
2. Land Acquisition : 2011
Financier :
3. Construction : 2016 - 2020
PT Bank Mandiri 4. Operation : 2018

41
PALAPA RING CENTRAL PACKAGE
LOCATION: East Kalimantan, North Sulawesi, Central Sulawesi, South East Sulawesi and North Maluku

Sector: Telecommunications and Informatics Sub-Sector: Fiber Optic

Government Contracting Agency : BP3TI on behalf of Ministry of Communication and Information Technology
Contact Person : Mr. Dhia Anugrah Febriansa, Infrastructure Director of BP3TI;
+62 8129003167; dhia.febriansa@gmail.com
Estimated Concession Period : 15 years

Estimated Project Cost : US$ 71.5 million Indicative Project Structure

Financial Feasibility:
FIRR : 13.01%
Description :
Development of fiber optic-based broadband NPV : USD 13.2 million
telecommunication network covering 17 regencies across
Kalimantan, Sulawesi, and Maluku. The project still needs
around USD 12.8 million for the equity.
Indicative Government Support & Guarantee:
Payment mechanism: Availability Payment (AP).
Investor(s) :
Guarantee by IIGF.
Consortium of Pandawa Lima: PT LEN Indsutri, PT
Teknologi Riset Global Investama, PT Multikontrol
Nusantara, PT Bina Nusantara Perkasa
Implementation Schedule (ETA):
Financier : 1. Preparation : done
Syndication of PT. Indonesia Infrastructure Finance 2. Construction : 2017-2018
(Persero), PT. Bank BNI (Persero), and PT. Sarana Multi 3. Operation : COD at 29 Mar 2018
Infrastruktur (Persero)

42
PALAPA RING WEST PACKAGE
LOCATION: Sumatera and West Kalimantan

Sector: Telecommunications and Informatics Sub-Sector: Fiber Optic

Government Contracting Agency : BP3TI on behalf of Ministry of Communication and Information Technology
Contact Person : Mr. Dhia Anugrah Febriansa, Infrastructure Director of BP3TI;
+62 8129003167; dhia.febriansa@gmail.com
Estimated Concession Period : 15 years

Estimated Project Cost : US$ 87.6 million Indicative Project Structure

Financial Feasibility:
FIRR : 15.08%
Description : NPV : US$ 8.6 million
Development of fiber optic-based broadband
telecommunication network which will connect Riau
Province, Riau Islands, and the Natuna Island with a total
length about 2,275 km. Indicative Government Support & Guarantee:
Payment mechanism: Availability Payment (AP).
Government guarantee by IIGF.
Investor(s) :
Consortium of PT Mora Telematika Indonesia and PT
Ketrosden Triasmitra Implementation Schedule (ETA):
1. Preparation : done
Financier : 2. Construction : 2017-2018
PT Bank Mandiri 3. Operation : COD at 11 Feb 2018

43
PALAPA RING EAST PACKAGE
LOCATION: Maluku, Papua, and East Nusa Tenggara

Sector: Telecommunications and Informatics Sub-Sector: Fiber Optic

LOCATION MAP
Government Contracting Agency : BP3TI on behalf of Ministry of Communication and Information Technology
Contact Person : Mr. Dhia Anugrah Febriansa, Infrastructure Director of BP3TI;
+62 8129003167; dhia.febriansa@gmail.com
Estimated Concession Period : 15 years

Estimated Project Cost : US$ 386.5 million Indicative Project Structure

Financial Feasibility:
Description :
FIRR : 14.30 %
Development of fiber optic-based broadband
NPV : US$ 22.7 million
telecommunication network and microwave transmission
which will connect 35 regencies in East Nusa Tenggara,
Maluku, West Papua and remote places inside Papua
with a total length of about 6,878 km. Indicative Government Support & Guarantee:
Payment mechanism: Availability Payment (AP).
Government guarantee by IIGF.
Investor(s) :
Consortium of PT Mora Telematika Indonesia, PT
Infrastruktur Bisnis Sejahtera, PT Inti Bangun Sejahtera,
PT Smart Telecom
Implementation Schedule (ETA):
1. Preparation : done
Financier :
2. Construction : 2017-2018
Syndication of PT Bank BNI ICBC Indonesia, Bank Papua
3. Operation : COD at 29 Sept 2018
Bank Malukumalut and Bank Sulsebar

44