Indonesia: Mandalika Urban and Tourism Infrastructure Project (AIIB-000069)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Mandalika region of Lom bok
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
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
Proposed
Bank Risk Rating
A
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
Sep 1, 2018
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
Indonesia Tourism Development Corporation (ITDC)
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
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)
$ 260.00 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.
Bank Documents
Primary Source

Original disclosure @ AIIB website

Updated in EWS Oct 8, 2018

Disclosed by Bank Mar 16, 2018


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Project Description

According to bank document, the objective of the proposed project is to provide sustainable basic infrastructure for the development of a new tourism destination in the Mandalika region of Lombok. According to the Mandalika Masterplan, serviced landlots are to be leased to private investors to construct retail, accommodation and other tourist facilities according to internationally acceptable standards. The project includes improvements to basic infrastructure and services in at least two adjacent villages that would serve both visitors and residents. It will aim to protect and enhance the unique cultural life and scenic attractions of the project area. The project consists of two components: 

Component 1. Provision of basic services and infrastructure. This component supports construction of road infrastructure and drainage, water supply, solid waste management, waste water management and sanitation, irrigation, electricity distribution, ICT and early warning systems, landscaping, and community facilities.

Component 2: Technical Assistance and Capacity Building. This component provides support to project management, institutional development, trainings, and studies, and implementation of a long-term Environmental and Social Management Plan.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Cofinancing: Borrower US$ 40 million

Contact Information
Team Leader: Mr. Sangmoo Kim
Investment Operations Specialist (Urban), AIIB
Telephone No.: +86 10 8358 0380
Email Address: sangmoo.kim@aiib.org
 
Borrower/Implementating Agency: Indonesia Tourism Development Corporation (ITDC)
Mr. Abdulbar M. Mansoer, President Director/Chief Executive Officer
Email Address: abdulbar.mansoer@itdc.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.