According to the bank document, " Indonesia’s Ministry of Communication and Informatics (“KOMINFO”) initiated the Government of Indonesia Multifunctional Satellite PPP Project to provide fast internet access to remote areas in Indonesia which can be accessed by various government sectors, such as maritime, education, health, agriculture, communication and others. Satellite-based connectivity is the only feasible access technology to cost-effectively address these remote locations. This is the first telecommunication satellite PPP (Public-Private Partnership) Project in Indonesia.
The main responsibilities of the Project Sponsor under the concession agreement include:
* Securing the satellite orbit.
* Constructing the satellite.
* Constructing the launch rocket.
* Acquiring the gateway location.
* Acquiring the earth station location.
* Launching the satellite.
* Construction of the gateway and earth stations.
* Obtaining insurances for the Project.
* Operation and maintenance of the satellite, gateway, and earth stations.
The objective is to improve connectivity to public service points in the least developed, frontier, and outermost regions of Indonesia."
AIIB is considering financing to a Special Purpose Vehicle Company, PT Satelit Nusantara Tiga ("PSNT") comprised of PT Pasifik Satelit Nusantara ("PSN"), PT Pintar Nusantara Sejahtera ("Pintar"), PT Nusantara Satelit Sejahtera ("NSS") and PT Dian Semesta Sentosa ("DSMT").
1/ Project Team Leader
Principal Investment Officer, Digital Infrastructure and Industry
Adi Rahman Adiwoso
Chief Executive Officer
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.