Regional Infrastructure Development Fund (WB-P154947)

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)
  • World Bank (WB)
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
FI
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
Mar 10, 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
Regional Infrastructure Development Fund
The holder of the loan, grant, or other investment.
Sectors
  • Infrastructure
  • Transport
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Currency conversion note:
Bank reported
Converted using 2017-03-10 exchange rate.
Project Cost (USD)
$ 406.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Currency conversion note:
Bank reported
Converted using 2017-03-10 exchange rate.
Primary Source

Original disclosure @ WB website

Updated in EWS Oct 5, 2018

Disclosed by Bank Jun 15, 2015


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Project Description

The project comes in two stages. The World Bank will finance a fund that provides loans for infrastructure to Indonesian governmental bodies at the subnational level. The second part of the project will provide support for the governments in carrying out subproject identification and preparation, including, but not limited to, feasibility studies, detailed engineering designs, environmental and social safeguard assessments, advisory services on financial management and procurement, and training.

Investment Description
  • Asian Infrastructure Investment Bank (AIIB)
  • World Bank (WB)

The Asian Infrastructure Investment Bank will also be providing a further $100 million in financing towards the fund.

Contact Information

Project Contact: Marcus John Jin Sarn Lee
Senior Urban Economist, World Bank
Contact No.: 5781+3135
Email Address: mlee1@worldbank.org

Borrower: Ministry of Finance
Robert Pakpahan, Directorate General of Budget Financing and Risk Management
Director General of Budget Financing and Risk Management
Contact No.: 62213458289
Email Address: rpakpah@yahoo.com

Implementing Agencies: PT Sarana Multi Infrastruktur
Emma Sri Martini, President Director
Telephone No.: 622180825288
Email Address: corporatesecretary@ptsmi.co.id

ACCOUNTABILITY MECHANISM OF WORLD BANK


The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.