According to IFC website, the project consists of a senior debt package to PT Indonesia Infrastructure Finance in Indonesia. The Project will support the Company’s lending program for a pipeline of infrastructure projects in Indonesia. The development impact of IFC's investment in the Project is expected to be high given that it will:
1. Support the Government of Indonesia's efforts in increasing investment in infrastructure projects, both for increasing urbanization as well as rural integration;
2. Improve access for the Indonesian population to infrastructure such as electricity, water, transportation, telecommunications, etc.;
3. Continue know-how transfer in the areas of Environmental and Social ("E&S"), risk management and project finance underwriting;
4. Bring economic benefits to the country by dividends generated by the infrastructure projects as well as taxes levied to the project companies;
5. Promote job creation at the project company that receives financing from the Company as well as in businesses that provide services to such project company.
This project consists of a senior debt package to PT Indonesia Infrastructure Finance. The proposed investment consists of up to USD 15 million of A Loan for IFC’s own account, and up to USD 135 million of B Loan.
The Company was established in January 2010 as a key element of strategic development by the government of Indonesia and a group of multilateral agencies to address the constraints on the flow of private investment in infrastructure.
Shareholders of the Company are PT Sarana Multi Infrastruktur (Persero) (“SMI”) with 30.00%, Asian Development Bank (“ADB”) with 19.99%, Deutsche Investitions-Und Entwicklungsgesellschaft mbH (“DEG”) with 15.12%, Sumitomo Mitsui Banking Corporation (“SMBC”) with 14.90%, and International Finance Corporation (“IFC”) with a 19.99% ownership.
Project Contatcs: Andi Faizal/Nastantio W. Hadi
PT Indonesia Infrastructure Finance
Office Address: The Energy Building 30th Floor, Sudirman Central Business District, Lot. 11A
Jl. Jend. Sudirman Kav.52-53 Jakarta 12190 Indonesia
Phone No.: 62-21-29915060
ACCOUNTABILITY MECHANISM OF IFC
The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/