The project is a loan to PT Surya Semesta Internusa to fund the Phase I development of the new Subang Industrial Estate (SIE) in Subang, West Java, The whole SIE development may be expanded to up to 2,000 hectares through future phases that are not part of this IFC investment.
SIE Phase I includes the following stages: (i) land acquisition on willing buyer-willing seller basis; (ii) land clearance and site preparation; (ii) design and construction of supporting infrastructure including waste water treatment facilities, internal road networks and basic utilities connections (sewage, electricity, etc); (iv) sell or lease pre-designated plots of land to commercial customers, which are expected to be light to medium industry (e.g. manufacturing) by internationally and local recognized firms; and (v) construction of a few SCS buildings, including residential blocks.
SSIA has been listed on the Indonesia Stock Exchange since 1997. Approximately 69% of the shares of SSIA are held by public. The control of SSIA is under PT. Arman Investment Utama, which holds around 8% of the shares.
Project Contact: Wilson Effendy
Director of Business Development, PT. Surya Semesta Internusa Tbk.
Telephone No.: +62 21 526 2121
Email Address: email@example.com
Office Address: Tempo Scan Tower, 20th Floor JL. H.R. Rasuna Said Kav. 3-4 Kuningan, Jakarta 12950, Indonesia
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/