Indonesia: National Slum Upgrading Project (AIIB-0004)

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.
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
Jun 24, 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
Government of Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Construction
  • Infrastructure
  • Transport
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)
$ 216.50 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)
$ 216.50 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)
$ 1,743.00 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 Oct 8, 2018

Disclosed by Bank Jun 1, 2016


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Project Description

According to AIIB website, The Project will improve access to urban infrastructure and services in targeted slums in Indonesia. It will support the Government’s (GoI) program of urban slum infrastructure investments for 154 cities in the central and eastern parts of Indonesia. The Project is cofinanced by the World Bank, which is contributing $216.5 million. Further, the project has the following five components:

(1) Institutional and Policy Development;
(2) Integrated Planning Support and Capacity Building for Local Governments and Communities;
(3) Urban Infrastructure and Services in Selected Cities;
(4) Implementation Support and Technical Assistance;
(5) Contingency for Disaster Response. The project executing agency is the Ministry of Public Works and Housing (MPWH). The Project implementation period is from September 2016 to June 2021.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)

Cofinancing:

World Bank US$ 216.5 million

Government of Indonesia US$ 1,310 million

Contact Information
Team Leader: Ian Nightingale
AIIB
Email: inightingale@aiib.org
 
Borrower:Ministry of Finance
Robert Pakpahan
Email Address: rpakpah@yahoo.com
 
Implementing Agency: Ministry of Public Works and Housing
Andreas Suhono
Email Address: dirjenck@pu.go.id
 

ACCOUNTABILITY MECHANISM OF AIIB

In addition, the AIIB has a Project-affected People’s 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, the exact scope and function of its Project-affected People’s Mechanism are yet to be finalized.