Indonesia: Dam Operational Improvement and Safety Project Phase II (AIIB-000010)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Infrastructure Investment Bank (AIIB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Mar 22, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Ministry of Public Works, Directorate General of Water Resources
The holder of the loan, grant, or other investment.
Sectors
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 125.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 125.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ AIIB website

Updated in EWS Nov 16, 2017

Disclosed by Bank Feb 28, 2017


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Project Description
According to AIIB website, the Project will be built on the previous experience in preparation and implementation of the Dam Safety Project (DSP:1994-2003) and the Dam Operational Improvement and Safety Project (DOISP: 2009-2016). The DOISP was envisaged as the first stage of a longer-term programmatic approach by Government to develop a portfolio management approach across its dam and reservoir sector. The overall aims of the program were: 1. To increase the safety and the functionality of the 63 short-listed prioritized large dams/reservoirs, 2. Develop and mainstream the regulatory and administrative arrangements for dam and reservoir management and safety that are more sustainable from a technical, environmental and financial perspective. The Project will consist of the following components: 1. Institutional Capacity for Dam Safety; 2. Dam Rehabilitation andSafety; 3. Dam Operation and Safety Management.
Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
The Project is estimated to cost US$ 300 million. The AIIB investment is $125 USD million. The World Bank investment is $125 USD million.
Contact Information
Project Team Leader: Mr. Ghufran Shafi Senior Investment Operations Specialist, AIIB Telephone No.: +86 10 83580171 Email Address: gshafi@aiib.org Mr. Marcus Wishart Senior Water Resources Specialist, World Bank Telephone No.: +1 202 640 9068 Email Address: mwishart@worldbank.org Borrower: Directorate General of Budget Financing and Risk Management, Ministry of Finance Ms. Ayu Sukorini, Director of Loans and Grants Telephone No.: + 62 21 345 8289 Email Address: ayusukorini.mof@gmail.com Implementation Agency: Ministry of Public Works & Housing (DG Water Resources) Ms. Lolly Matina Martief, Director of Operations and Maintenance Telephone No.: +62 21 739 5500 Email Address: subdit_op_bendungan@yahoo.co.id ACCOUNTABILITY MECHANISM OF AIIB In addition, the AIIB has a Bank Oversight Mechanism. According to AIIB's policies, "people who believe they have been or are likely to be adversely affected by a failure of the Bank to implement the ESP may also submit complaints to the Bank's oversight mechanism in accordance with the policies and procedures to be established by the Bank for such mechanism." However, at the time of writing, it is unclear what the exact scope and function of this Oversight Mechanism will be.