PPP – PROJECT DIGEST 19 Sectors Covered for PPP in Indonesia

CONNECTIVITY URBAN SOCIAL INFRASTRUCTURE Road INFRASTRUCTURE Water supply . Toll Roads Tourism . Toll Bridges . Roads Transportation Waste management . Seaports system Education facilities . Airports . Railways Water resources & . Road transportation irrigation Electricity Sports, art & culture . Power plants facilities . Transmission Localized waste water management Energy conservation Health . Street lighting Centralized waste Oil, Gas, and water management Renewable energy Public housing Zone/ Estates Telecommunication & Informatics . Fiber optics . E-government Urban facility Penintentiary . Satellite . Traditional market 2 2 Solicited PPP Project Pipeline 10 under construction projects and 33 on progress projects

PLANNING PREPARATION TRANSACTION CONSTRUCTION

Preliminary Tender PPP Agreement Outline Business Case Final Business Case PQ Request for Bid Award Financial Close study (OBC) (FBC) Preparation Proposal Signing

1. Manado - Bitung Toll 1. Riau Non-Toll 1. Yogya - Bawen Toll 1. Semarang – Demak Toll 1. Serang - Road Road Road Road Panimbang 2. Balikpapan - 2. South Sumatera 2. Surakarta Street 2. Surabaya - Madura Toll Toll Road Samarinda Toll Road Non-Toll Road Lighting Bridge (Government 3. Pandaan - Malang 3. Labuan bajo 3. Multifunction Satellite 3. Medan Municipal side 33 km) Toll Road Airport 4. National Integrated Transport (LRT) 2. West 4. Batang - Semarang 4. Makassar- Welfare System 4. Pekanbaru Regional Semarang Toll Road parepare Railway 5. Dharmais Cancer Water Supply Water Supply 5. Serpong - Balaraja 5. UNDIP’s Marine Hospital 5. University of Sam Toll Road Institute 6. Nusakambangan Ratulangi Teaching 6. Umbulan Water 6. ITB Cirebon Industrial Correctional Hospital 1. Jakarta -Cikampek Supply 7. UIN Malang Facility 6. Sidoarjo General Hospital South Toll Road 2. Probowangi Toll 7. Central Java Power Dormitory 7. Correctional Facility 7. Pirngadi Hospital Road Plant 8. UGM Teaching Relocation (Ciangir) 3. Cisumdawu Toll 8. West Palapa Ring Hospital Road 9. Central Palapa Ring 9. UIN Jakarta 4. Serang - 10. East Palapa Ring Teaching Hospital Panimbang Toll 10. UIN Makassar Road (PPP 51 km) Teaching Hospital 5. Bandar Lampung 11. Udayana Water Supply Teaching Hospital 6. Nambo Regional Waste Management Data per 21/02/2018 TOTAL: US$ 3.0 billion + 11 under calculation projects TOTAL: US$ 4.0 billion TOTAL: US$ 7.8 billion 3 3 Unsolicited PPP Project Pipeline 2 under construction projects and 3 on progress projects

Private as the project innitiator (UNSOLICITED) Project proponent submits PPP a proposal and pre-FS Business Entity FS evaluation Procurement Agreement Financial document to GCA submits FS Signing Close Construction .

• Pre-FS document evaluation to Issuing approval letter: get pre-FS approval; 1. Establishing the project as an Construction • GCA gives the rights to project Unsolicited Project; 1. Karian Water proponent to prepare FS Jatiluhur Water Supply 2. Establishing the business entity as Supply (US$ 123.7 million) the project initiator. 2. TOD Poris Evaluation 1.0 Billion USD Plawad Criteria 2 Toll Road Projects Compensation option • Krian – Legundi – Technically integrated with Bunder – Manyar the sector’s master plan to the project initiator (US$ 0.9 billion) • Jakarta – Cikampek 4 Economically and Elevated II financially viable Additional mark of The GCA (US$ 0.1 billion) 10% on the Right to match purchase the The business entity that proposes the initiative has adequate financial procurement score PPP initiative capability to finance the project.

Data per 21/02/2018

4 4 PPP PROJECTS UNDER TRANSACTION

5 SERANG – PANIMBANG TOLL ROAD (33 KM) LOCATION: West Java

Sector: Road Sub-Sector: Toll Road

Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”) Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT) +62-21-7258063; e-mail: [email protected] or [email protected] Estimated Concession Period : 40 years

Estimated Project Cost : US$ 251.9 million Indicative Project Structure

Description : Financial Feasibility: Serang – Panimbang Toll Road is located in Banten FIRR : 10.52% NPV : US$ 5.5 million Province where the toll reaches from Jakarta to Tanjung Public Lesung Special Economic Zone. Furthermore, one of the Service Agency (BLU) attractive points for the development of this toll road is BPJT that it will have tremendous facilities, such as the Indicative Government Support & Guarantee: development of residential areas and commercial areas  Several risks from the Government which can be along the corridor. The return on investment for this potentially guaranteed by IIGF. project is through Availability Payment method. Creditor

Implementation Schedule (ETA): Business Opportunity: 1. Preparation : 2016 Transaction adviser/bidder/financier Toll Revenue 2. Land Acquisition : 2017 3. Construction : 2018 Project Status: 4. Operation : 2019 Project is currently on PQ phase 6 SERANG – PANIMBANG TOLL ROAD (51 KM) LOCATION: West Java

Sector: Road Sub-Sector: Toll Road

Estimated Project Cost : US$ 763.0 million Indicative Project Structure

Description : Financial Feasibility: Serang – Panimbang Toll Road is located in Banten FIRR : 9.90% (without Government in-Kind) or 12.19 % (with Government in-Kind) Province where the toll reaches from Jakarta to Tanjung NPV : US$ 46.4 million Public Lesung Special Economic Zone. Furthermore, one of the Service Agency (BLU) attractive points for the development of this toll road is BPJT that it will have tremendous facilities, such as the Indicative Government Support & Guarantee: development of residential areas and commercial areas VGF (the financial calculation is assumed at US$ 192.6 million), several risks from the Government which can along the corridor. be potentially guaranteed by IIGF. Creditor

Implementation Schedule (ETA):

1. Preparation : 2016 Toll Revenue Project Status: 2. Land Acquisition : 2017 Project is currently on PPP Agreement Signing phase 3. Construction : 2018 4. Operation : 2019

7 JAKARTA – CIKAMPEK II SOUTH SECTION TOLL ROAD LOCATION: Bekasi, West Java

Sector: Road Sub-Sector: Toll Road

70% 30% Bank (Debt) Equity Financial Feasibility: ( 70% ) ( 30% ) FIRR : 12.52% Description : NPV : US$ 2.6 million Traffic volume through the Jakarta - Cikampek toll road National PPP Agreement Toll Road SPV capacity has exceeded the V/C ratio high of 1.51. The User Authority (BUJT) Corridor plan of this Section toll road is located in the (BPJT) Government and SPV Obligations Tariff area of the administration of the West Java Province Indicative Government Support & Guarantee: Project’s authorization risk, construction delay risk and Regress Guarantee with: the city of Bekasi, Bogor District, Bekasi District, Agreement Agreement payment risk. Statement from Government to PT PII Co-guarantee Agreement with Karawang, and Purwakarta District. Regress guarantee this project is also required. Ministry of Finance Ministry Payment of Finance Implementation Schedule (ETA): 1. Preparation : 2017 Project Status: 2. Land Acquisition : 2017 - 2018 Project is currently on PPP Agreement Signing phase 3. Contract Award : 2017 4. Construction : TBC 5. Operation : TBC 8 PROBOLINGGO – BANYUWANGI TOLL ROAD LOCATION: East Java

Sector: Road Sub-Sector: Toll Road

Estimated Project Cost : US$ 900.0 million Indicative Project Structure

70% 30% Bank (Debt) Equity Financial Feasibility: ( 70% ) ( 30% ) Description : IRR : 11.8% This project is expected to play an integral part of East NPV : US$ 45.9 million National Java Road System. It is 172 km in length which PPP Agreement Toll Road SPV User connected Probolinggo and Banyuwangi, crossing three Authority (BUJT) (BPJT) Government and SPV Obligations Tariff districts in East Java including Situbondo district. Each Indicative Government Support & Guarantee: district has different potential resources which still Detail assessment of the required Government support should be developed. Regress Guarantee and guarantee, in terms of form and scale, for the Agreement Agreement PT PII Co-guarantee Agreement with project is needed. It will be identified and specified in Regress Ministry of Finance the subsequent studies. Ministry Payment of Finance Implementation Schedule (ETA): 1. Preparation : 2017 Project Status: 2. Land Acquisition : 2017 - 2018 Project is currently on PPP Agreement Signing phase 3. Contract Award : 2017 4. Construction : TBC 5. Operation : TBC 9 CILEUNYI – SUMEDANG – DAWUAN TOLL ROAD LOCATION: West Java

Sector: Road Sub-Sector: Toll Road

Estimated Project Cost : US$ 622.2 million Indicative Project Structure 70% 30% Bank (Debt) Equity Financial Feasibility: ( 70% ) ( 30% ) The Cileunyi – Sumedang – Dawuan Toll Road project is FIRR : 14.2 % will provide direct access for transporting agricultural NPV : US$ 19.0 million National PPP Agreement and manufacturing goods as well as services produced Toll Road SPV User Authority (BUJT) from these areas to the port city of Cirebon. This toll (BPJT) Government and SPV Obligations Tariff road is urgently required to shift some of the Indicative Government Support & Guarantee: development to the east side of Bandung.  Construction support from Government for Regress Guarantee Agreement Agreement approximately 29 km; PT PII Co-guarantee Agreement with Regress Ministry of Finance  Several risks from the Government is guaranteed by Ministry Payment IIGF. of Finance Investor(s) : Implementation Schedule (ETA): PT Citra Karya Jabar Tol 1. Preparation : 2017 2. Land Acquisition : 2017 - 2019 Project Status : 3. Contract Award : 2017 - 2019 Project is currently on PPP Agreement Signing phase 4. Construction : 2017 – 2019 5. Operation : TBC 10 JATILUHUR REGIONAL WATER SUPPLY I LOCATION: DKI Jakarta – West Java

Sector: Water Supply Sub-Sector: Water Supply

Government Contracting Agency : Director of Perum Jasa Tirta 2 Contact Person : Mr. Djoko Saputro +62-264-201972; e-mail: [email protected] Estimated Concession Period : 30 years

Estimated Project Cost : US$ 142.2 million Indicative Project Structure

Ministry of Public Business Works and Business Business Financial Feasibility: Housing Entity Entity Entity FIRR : 13.62% delegates investment investment investment in shares X% in shares Y% in shares Z% Description : NPV : US$ 29.8 million as GCA Jatiluhur Regional Water Supply is a drinking water Perum Jasa Tirta 2 BOT Agreement SPV facility with 5000L/s out flow generated. This water (GCA) 30 years supply system (Karawang Regency, Bekasi Regency, Indicative Government Support & Guarantee: bulk water sale and purchase agreement For Unsolicited Project, the project initiator will get a Bekasi City, and DKI Jakarta) covers the construction of Construction Operational intake, transmission pipeline, water treatment plant benefit to choose the compentation (additional 105 PAM Jaya Agreement Agreement DKI Jakarta (WTP), and main development network. point on the procurement score, right to match, or Development Partners (consultant/contractor/ve WTP Operator purchasing initiative ideas by GCA0 ndor) PDAM Tirta Patriot Business Opportunity: Bekasi City Bidder/financier Implementation Schedule (ETA): 1. Preparation : 2013 - 2014 PDAM Tirta Bhagasi Bekasi Regency Project Status: 2. Land Acquisition : 2016 Evaluation of Feasibility Study (Unsolicited Project) 3. Construction : 2018 PDAM Tirta Tarum 4. Operation : 2022 Karawang Regency

1111 WEST SEMARANG WATER SUPPLY LOCATION: Central Java

Sector: Water Supply Sub-Sector: Water Supply

Government Contracting Agency : Director of PDAM Tirta Moedal, Municipal Government of Semarang Contact Person : Muhammad Farchan (Director of PDAM Tirta Moedal Semarang Municipal); +62248315514; e-mail: [email protected] Estimated Concession Period : 27 years

Estimated Project Cost : US$ 34.0 million Indicative Project Structure

Financial Feasibility: FIRR : 16.00% Description : NPV : US$ 1.8 million West Semarang Water Supply project is built with a capacity of 1,000 liters per second. The service area is planned to serve three (3) subdistricts divided into five (5) service zone zones. This project gets Project Development Fund from Ministry of Indicative Government Support & Guarantee: Finance for Final Business Case Preparation and Transaction Project Development Fund from Ministry of Finance for Advisor Support. Final Business Case Preparation and Transaction Advisor Support.

Business Opportunity: Implementation Schedule (ETA): Bidder/financier 1. Preparation : 2017 2. Land Acquisition : 2018 Project Status: 3. Construction : 2019 - 2020 Project is currently on PQ phase 4. Operation : 2021

12 BANDAR LAMPUNG WATER SUPPLY LOCATION: Lampung

Sector: Water Supply Sub-Sector: Water Supply

Government Contracting Agency : Way Rilau Regional Water Supply Company (“PDAM”) Preparation Agency : PT SMI through PDF from Ministry of Finance Contact Person : Mr Supardji (Technical Director of PDAM) +62-721-483855; e-mail: [email protected] Estimated Concession Period : 25 years

Estimated Project Cost : US$ 82.6 million Indicative Project Structure

Financial Feasibility: FIRR : 15.30% Description : NPV : US$ 20.7 million Bandar Lampung Water Supply project is a joint project between government and business entity in order to increase the coverage of drinking water services for Indicative Government Support & Guarantee: society in Bandar Lampung from 20% (2015) to 46% The project will require VGF from the Ministry of Finance, (2024) and improving environmental sanitation, living financial project support from the Ministry of Public Works standards, and public health. This project gets Viability and Housing and the City Government of Bandar Lampung. Gap Fund from Ministry of Finance. Project guarantee from IIGF may be required.

Investor(s): Implementation Schedule (ETA): Bangun Cipta Contractor – Bangun Tjipta Sarana 1. Preparation : 2017 2. Contract Signing : 2018 Project Status: 3. Financial Close & Construction : 2019 Project is currently on PPP Agreement Signing phase 4. Operation : 2020

13 Nambo Regional Waste Management LOCATION: West Java

Sector: Waste Management System Sub-Sector: Waste Management

Government Contracting Agency : Governor of West Java Province Implementation : Regional Waste Management Office, West Java Contact Person : Edi Bahtiar (Head of Regional Waste Management Office +62-81221264704; e-mail: [email protected] Estimated Concession Period : 25 years

Estimated Project Cost : US$ 44.4 million Indicative Project Structure Description : Nambo waste processing technology can accommodate 1500-1800 tons of waste every day turned into Refuse- Financial Feasibility: derived Fuel. Tipping fee has been guaranteed through FIRR : 13.6 % Local Government Regulation. NPV : US$ 4.8 million

Indicative Government Support & Guarantee: Investor(s) : PT Jabar Bersih Lestari Tipping fee has been guaranteed through Local Consortium: Emsus, Enbicon, Forcabel, Government Regulation. Kun Hwa (Korea) and PT Panghegar Energy Indonesia Implementation Schedule (ETA): Project Status: 1. Perparation : 2014 Project is currently on PPP Agreement Signing phase. 2. Bidding : 2015 3. Construction : 2017 4. Operation and Maintenance : 2019

14 Under Preparation

PPP PROJECTS CONNECTIVITY YOGYAKARTA – BAWEN TOLL ROAD LOCATION: Yogyakarta - Central Java

Sector: Road Sub-Sector: Toll Road LOCATION MAP Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”) Contact Person : Mr. Herry Trisaputra Zuna, Head of BPJT +62-21-7258063; e-mail: [email protected] or [email protected] Estimated Concession Period : Under calculation

Estimated Project Cost : US$ 933.8 million Indicative Project Structure

Description : Financial Feasibility: Yogya - Bawen toll road will connect Semarang - Solo FIRR : Under Calculation toll road to Yogyakarta. It is planned to reduce heavy NPV : Under Calculation traffic on the arterial road. This toll road will also support industrial area in Ungaran - Bawen corridor and development of Joglosemar tourism area. Economic activity, industries, and tourism in Yogyakarta and Indicative Government Support & Guarantee: Government support and Government guarantee will be Semarang will encourage usage of Yogya - Bawen toll determined in Final Business Case Study. road. Furthermore, this project is included in the Indonesia National Strategic Project (PSN). Project Timeline: Business Opportunity: Transaction adviser/bidder/financier

Project Status: Project is currently on Outline Business Case phase 16 SEMARANG – DEMAK TOLL ROAD LOCATION: Central Java

Sector: Road Sub-Sector: Toll Road

Estimated Project Cost : US$ 593.0 million Indicative Project Structure

Financial Feasibility: FIRR : Under Calculation NPV : Under Calculation Description : The proposed project will connect Semarang (Capital of Central Java Province) – Demak (Tourism City). This Project Indicative Government Support & Guarantee: has high traffic volume with 25.25 km in length. Semarang as Detail assessment of the required Government support and a capital town of Central Java Province is well-developed with guarantee, in terms of form and scale, for the project is industrial goods and trading. On the other side, Demak is a needed. It will be identified and specified in the subsequent region that rich with its natural resources studies.

Project Timeline: Business Opportunity: Transaction adviser/bidder/financier

Project Status: Project is currently on Final Business Case phase 17 SURABAYA – MADURA BRIDGE TOLL ROAD LOCATION: East Java

Sector: Road Sub-Sector: Toll Bridge LOCATION MAP Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”) Contact Person : Mr. Herry Trisaputra Zuna, Head of BPJT +62-21-7258063; e-mail: [email protected] or [email protected] Estimated Concession Period : 15 years

Estimated Project Cost : US$ 24.0 million Indicative Project Structure

Description : Financial Feasibility: Suramadu Bridge is a Toll Road Project that had been FIRR : Under Calculation operated since 2009. The Government of Indonesia has NPV : Under Calculation to conduct the tender process in order to continue the operation and maintenance of this project.

Indicative Government Support & Guarantee: Potentially guaranteed by IIGF.

Business Opportunity: Project Timeline: Operation and Maintenance (O&M)

Project Status: Project is currently on Final Business Case phase

18 MEDAN MUNICIPAL TRANSPORT LOCATION: North Sumatera

Sector: Transportation Sub-Sector: Railway LOCATION MAP Government Contracting Agency : Mayor of Medan Contact Person : Mr. Wiriya Al Rahman (Head of Medan Development Planning Agency) +62-61-4539406 / +62-811-639-162; e-mail: [email protected] Estimated Concession Period : 35 years

Estimated Project Cost : US$ 353.0 million Indicative Project Structure

Description : Financial Feasibility: The LRT system is planned to be built with elevated structures FIRR : 14.46% connecting the urban sub-centers of Lau Chi Market in the NPV : US$ 293.4 million Southwest of Medan with sub-city centers in the northeastern part of Medan City along 21 km and through 16 stations. Meanwhile, the BRT system will cross Jalan Sisingamaraja to Jalan Gatot Subroto with a length of 18.4 Indicative Government Support & Guarantee: km. Government support and Government guarantee will be determined in Final Business Case Study.

Business Opportunity: Project Timeline: Bidder/financier

Project Status: Project is currently on Final Business Case phase

19 SURAKARTA STREET LIGHTING LOCATION: Central Java

Sector: Energy Conservation Sub-Sector: Street Lighting

Government Contracting Agency : Mayor of Surakarta City Contact Person : Mr. Budi Yulistianto(Surakarta City Regional Secretary); +62-271-662-266 e-mail: [email protected] Estimated Concession Period : 10 or 20 years (will be concluded in FBC)

Estimated Project Cost: US$ 28.4 million (10 years) or Indicative Project Structure US$45.9 million (20 years)

Regress IIGF Description : Financial Feasibility: Agreement The Government of Surakarta intends to revitalize the public FIRR : 10.17% (10 years) or 10.67% (20 years) Government services of its street lighting. The total length of the streets NPV : US$ 0.9 million (10 years) or Guarantee is estimated at 976 km. Current studies show that the city US$ 2.4 million (20 years) Municipal Gov PPP SPC Electricity SOE (PT PLN) needs around 31.890 lamp points. Agreement Supply AP Payment Electricity Street Lighting Bill Payment Indicative Government Support & Guarantee: Services

Government support and Government guarantee will User Escrow be determined in Final Business Case Study. Account PPP Street Lighting Services Agreement

Project Timeline: Business Opportunity: Transaction adviser/bidder/financier

Project Status: Project is currently on Outline Business Case phase.

20 MULTIFUNCTION SATELITE LOCATION: National

Sector: Telecommunications and Informatics Sub-Sector: Satellite

Government Contracting Agency : Minister of Communication and Information Technology Contact Person : Mutsla Adlan (CEO Staff of USO Agency of Indonesia); +62-21-7258063 e-mail: [email protected] Estimated Concession Period : 15 years

Estimated Project Cost : US$ 589.3 million Project Timeline: Q1 2018 Q3 2018 Q4 2018 Q4 2018 Q2 2019 Q4 2019 Q4 2019

Financial Feasibility: Final Pre- Request Bid Award Contract Financial Construction Description : FIRR : 8.81% Business Qualification for Signing Close Case (FBC) Proposal Multifunction satellite project is expected to provide NPV : US$ 75.0 million benefits for Indonesia’s services to citizens as well as education and defense development. This project plan Indicative Government Support & Guarantee: is inseparable from the Indonesian BroadBand Plan Government support and Government guarantee based on Presidential Regulation no. 96 of 2014 on will be determined in Final Business Case Study. Broadband Plan of Indonesia 2014 - 2019. One of the Indicative Project Structure infrastructure policies and strategies in the Indonesia Broadband Plan is optimizing the use of radio frequency Regress Agreement IIGF spectrum and satellite orbit as a limited resource. Government Guarantee PPP Rental Business Opportunity: MCI (GCA) SPC Provider Service Gov. Agencies Agreement Agreement Agreement Bidder/financier BP3TI AP Payment Service Payment

Project Status: USO Collaboration Project is currently on Outline Business Case phase USO Implementation 21 NATIONAL INTEGRATED WELFARE SYSTEM LOCATION: National

Sector: Telecommunications and Informatics Sub-Sector: e-Government

Government Contracting Agency : Minister of Social Affair Contact Person : Yeti Wulandari (Head of Data Management) +62-81-298997999; e-mail: [email protected] Estimated Concession Period : 20 years

Estimated Project Cost : US$ 176.5 million Indicative Project Structure

Description : Financial Feasibility: Ministry of Social Affairs has a plan to develop nationally FIRR : 14.00% integrated welfare system by web-based application with NPV : US$ 2,449.7 million cloud computing technology. The scopes of the PPP project are development of the information system, software, VPN network in all districts/cities and province in Indonesia, cloud computing service (virtual data center), conducting technical Indicative Government Support & Guarantee: assistance and implementation of monitoring and evaluation system. Government support and Government guarantee will be determined in Final Business Case.

Project Timeline: Business Opportunity: Bidder/financier

Project Status: Project is currently on Outline Business Case phase 22 Under Preparation

PPP PROJECTS URBAN INFRASTRUCTURE PEKANBARU REGIONAL WATER SUPPLY LOCATION: Riau

Sector: Water Supply Sub-Sector: Water Supply

Government Contracting Agency : Director of PDAM Tirta Siak Pekanbaru Contact Person : Kemas Yuzferi (Director of PDAM); +62-813-6440-1776 e-mail: [email protected] Estimated Concession Period : 25 years

Estimated Project Cost : US$ 35.5 million Indicative Project Structure

Financial Feasibility: IRR : 16.00 % Description : NPV : US$ 9.2 million The purpose of Pekanbaru Water Supply is to provide reliable drinking water infrastructure and to support economic activities in Pekanbaru City as well as to be managed efficiently. The project capacity plan is 500 liters per second. Home Connection is targeted at Indicative Government Support & Guarantee: 35,000 by 2021, an additional 26,451 home connection PDF from Ministry of Finance. is required during 2017-2021 or 5,290 home connection per year. Project Timeline: Business Opportunity: Q1 2018 Q3 2018 Q3 2018 Q1 2019 Q3 2019 Bidder/financier Q1 2019 Q3 2019 Final Pre- Request for Contract Financial Bid Award Construction Business Qualification Proposal Signing Close Project Status: Case (FBC)

Project is currently on Final Business Case phase 24 Under Preparation

PPP PROJECTS SOCIAL INFRASTRUCTURE UNIVERSITY OF SAM RATULANGI TEACHING HOSPITAL LOCATION: North Sulawesi

Sector: Education Sub-Sector: Teaching Hospital

Government Contracting Agency : Minister of Research, Technology, and Higher Education (MORTHE) Preparation Agency : PT SMI and PT Danareksa through PDF from Ministry of Finance Contact Person : Mr. Choiruddin; +62-81319001512; e-mail: [email protected] Ms. Rini Nuzulul; +62-81288164064; e-mail: [email protected] Estimated Concession Period : 20 years

Estimated Project Cost : US$ 15.5 million Indicative Project Structure

GCA Public Service Agency Financial Feasibility: (BLU UNSRAT) FIRR : 10.85% Description : NPV : US$ 1.7 million Teaching hospital will provide doctors who required in the learning process because they can acknowledge students, giving sustainable exercises or even tutoring Trustee Bank them privately in order to be a decent doctor, dentist, and other health examiners. Indicative Government Support & Guarantee: SPV Potentially guaranteed by IIGF.

Sam Ratulangi Teaching LENDER Hospital Business Opportunity: Project Timeline: a) Banking Institutions b) Non-Banking Institutions Transaction advisor/bidder/financier (PT. SMI, IIF, etc) Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q4 2018 Q2 2019 Q2 2019 SERVICES

Final Pre- Request Bid Award Contract Financial Construction College Patie Non Students nts Core Project Status: Business Qualification for Signing Close Project is currently on Final Business Case phase Case (FBC) Proposal

26 DHARMAIS CANCER HOSPITAL LOCATION: DKI Jakarta

Sector: Health Sub-Sector: Hospital

Government Contracting Agency : Minister of Health Contact Person : dr. Ockti Palupi Rahyaningtyas, MPH (Secretary of PPP team Dharmais Cancer Hospital); +62-21- 5681570; e-mail: [email protected] Estimated Concession Period : 20 years

Estimated Project Cost : US$ 48.6 million Indicative Project Structure

Financial Feasibility: FIRR : 13.90% NPV : US$ 18.4 million

Description : Ministry of Health will develop 2 tower building to support Dharmais hospital as the national cancer center. Tower A will function as a service building and hospice palliative which is Indicative Government Support & Guarantee: the main support for Tower B (12-floor building) to be built. Government support and Government guarantee will Tower B will function as an Integrated Executive Service be determined in Final Business Case (FBC). Building.

Project Timeline:

Business Opportunity: Transaction adviser/bidder/financier Project Status: Project is currently on Outline Business Case phase 27 SIDOARJO GENERAL HOSPITAL LOCATION: East Java

Sector: Health Sub-Sector: Hospital

Government Contracting Agency : Regent of Sidoarjo Preparation Agency : PT SMI through PDF from Ministry of Finance Contact Person : Mr. Agoes Boedi Tjahjono (Regent Assistant on Administration, Economic and Development); (+62-31) 894 7383; e-mail: [email protected] Estimated Concession Period : 10 years

Estimated Project Cost : US$ 18.7 million Indicative Project Structure

Financial Feasibility: FIRR : 9.90% Description : Sidoarjo Central Hospital is the second hospital owned by the NPV : US$ 14.0 million Government of Sidoarjo Regency which aims to provide health service facilities to the community in the western part of Sidoarjo Regency. Sidoarjo Central Hospital is planned as a type C hospital. Indicative Government Support & Guarantee: PDF from Ministry of Finance.

Patients Business Opportunity: Project Timeline: Bidder/financier

Project Status: Project is currently on Final Business Case phase

28 PIRNGADI HOSPITAL LOCATION: North Sumatera

Sector: Health Sub-Sector: Hospital

Government Contracting Agency : Mayor of Medan Contact Person : Mr. Wiriya Al Rahman (Head of Medan Development Planning Agency) +6261 4517646 / +62-811639162; e-mail: [email protected] Estimated Concession Period : 10 years

Estimated Project Cost : US$ 40.9 million Indicative Project Structure

Financial Feasibility: Description : FIRR : 12.00% Development of a new wing, existing building renovation, NPV : US$ 38.1 million emergency and medical equipment in Regional Hospital of Medan Municipal and also to strengthen the hospital’s operational capacity. Indicative Government Support & Guarantee: Government support and Government guarantee will be determined in Final Business Case (FBC).

Business Opportunity: Bidder/financier Project Timeline:

Project Status: Project is currently on Final Business Case phase

29 NUSAKAMBANGAN INDUSTRIAL CORRECTIONAL FACILITY LOCATION: Central Java

Sector: Penitentiary Sub-Sector: Industrial Correctional Facility

Government Contracting Agency : Minister of Law and Human Rights Contact Person : Mr. Aman Riyadi (Director of Information Technology and Cooperation) +62-21-3857611 ext. 205 / +62-81808230266; e-mail: [email protected] or [email protected] Estimated Concession Period : 25 years

Estimated Project Cost : US$ 36.6 million Indicative Project Structure

Financial Feasibility: Description : FIRR : 13.57% The Project will combine correctional facility with NPV : US$ 83.0 million productive activities such as livestock breeding. The project aims to increase the value of prison by adding economic production which is expected to promote regional economic growth. Indicative Government Support & Guarantee: PDF from Ministry of Finance.

Business Opportunity: Project Timeline: Bidder/financier

Project Status: Project is currently on Outline Business Case phase

30 RELOCATION OF SALEMBA CORRECTIONAL FACILITY TO CIANGIR LOCATION: DKI Jakarta and West Java

Sector: Penitentiary Sub-Sector: Correctional Facility

Government Contracting Agency : Minister of Law and Human Right Contact Person : Mr. Aman Riyadi (Director of Information Technology and Cooperation) +62-21-3857611 ext. 205 / +62-81808230266; e-mail: [email protected] or [email protected] Estimated Concession Period : 15 years

Estimated Project Cost : US$ 91.0 million Indicative Project Structure

Financial Feasibility: Description : FIRR : 14.77% The relocation of the correctional facility in Salemba that is NPV : US$ 26.4 million located in Central Jakarta to Ciangir, Banten Province (around 40 km from Jakarta) has the following objectives: (i) to solve the overcapacity in Salemba’s prison; (ii) DKI Jakarta Spatial Plan did not accommodate current prison location; Indicative Government Support & Guarantee: (iii) to accommodate the Government’s budget constraint for Government support and Government guarantee building prisons. will be determined in Final Business Case Study.

Project Timeline: Business Opportunity: Transaction adviser/bidder/financier

Project Status: Project is currently on Outline Business Case phase 31 PPP PROJECTS SUCCESS STORY

32 MANADO – BITUNG TOLL ROAD LOCATION: North Sulawesi

Sector: Road Sub-Sector: Toll Road

Estimated Project Cost : US$ 396.0 million Indicative Project Structure

70% 30% Bank (Debt) Equity Financial Feasibility: ( 70% ) ( 30% ) Description : FIRR : 12.20 % NPV : US$ 13.7 million National This toll road is one of the longest in Northern Sulawesi PPP Agreement Toll Road SPV connecting from Manado City to Bitung City, Authority User Government and SPV Obligations (BUJT) approximately 39.9 km in length. (BPJT) Tariff Indicative Government Support & Guarantee: Regress Guarantee Necessity: - Land acquisition risk - Land fund risk Agreement Agreement PT PII Co-guarantee Agreement with Investor(s) : - Tariff adjustment risk - Ramp up period Regress Ministry of Finance Ministry Payment 1. PT Jasa Marga (Persero) Tbk.; - Political risk - Termination risk of 2. PT Wijaya Karya (Persero) Tbk.; Finance 3. PT Pembangunan Perumahan (Persero) Tbk. Implementation Schedule (ETA): Financier : 1. Preparation : 2015 Refinance BNI, BCA, Bank Mandiri and PT SMI 2. Land Acquisition : 2016 - 2017 3. Construction : 2017 - 2019 4. Operation : 2019

33 BALIKPAPAN - SAMARINDA TOLL ROAD LOCATION: East Kalimantan

Sector: Road Sub-Sector: Toll Road LOCATION MAP Government Contracting Agency : Indonesia Toll Road Authority (“BPJT”) Contact Person : Mr. Herry Trisaputra Zuna (Head of BPJT) +62-21-7258063; e-mail: [email protected] or [email protected] Estimated Concession Period : 40 years

Estimated Project Cost : US$ 767.0 million Indicative Project Structure

70% 30% Bank (Debt) Equity Description : Financial Feasibility: ( 70% ) ( 30% ) This 99 km toll road will connect the two largest cities in FIRR : 13.78% East Kalimantan, Balikapapan and Samarinda. This NPV : US$ 260.0 million National PPP Agreement project is divided into two sections, Section 1 consists of Toll Road SPV User Package 1 (25.07 km) and Package 5 (11.09 km) and Authority (BUJT) (BPJT) Government and SPV Obligations Tariff Section 2 consists of Package 2 (23.26 km), Package 3 (21.9 km) and Package 4 (17.7 km). Indicative Government Support & Guarantee: Regress Guarantee Necessity: - Land acquisition risk - Land fund risk Agreement Agreement PT PII Co-guarantee Agreement with - Tariff adjustment risk - Ramp up period Regress Ministry of Finance Investor(s) : Ministry Payment - Political risk - Termination risk of 1. PT Jasa Marga (Persero) Tbk.; Finance 2. PT Wijaya Karya (Persero) Tbk.; 3. PT Pembangunan Perumahan (Persero) Tbk.; Implementation Schedule (ETA): 4. PT Bangun Tjipta Sarana. 1. Preparation : 2015 2. Land Acquisition : 2016 Financier : 3. Construction : 2016 - 2018 Financial close through Contractor Pre-Financing (CPF) 4. Operation : 2019 34 PANDAAN - MALANG TOLL ROAD LOCATION: East Java

Estimated Project Cost : US$ 461.0 million Indicative Project Structure

70% 30% Bank (Debt) Equity Description : Financial Feasibility: ( 70% ) ( 30% ) Pandaan - Malang toll road is designed to improve FIRR : 13.81% connectivity in the region. In addition, Pandaan – Malang NPV : US$ 99.0 million National PPP Agreement toll road is expected to facilitate industrial Toll Road SPV User transportations from Pandaan to Malang which are Authority (BUJT) (BPJT) Government and SPV Obligations Tariff connected directly to Surabaya, and vice versa. Indicative Government Support & Guarantee: Regress Guarantee Necessity: - Land acquisition risk - Land fund risk Agreement Agreement PT PII Co-guarantee Agreement with - Tariff adjustment risk - Ramp up period Regress Ministry of Finance Investor(s) : Ministry Payment - Political risk - Termination risk of 1. PT Jasa Marga (Persero) Tbk.; Finance 2. PT Pembangunan Perumahan (Persero) Tbk.; 3. PT Sarana Multi Infrastruktur (Persero). Implementation Schedule (ETA): 1. Preparation : 2015 Financier : 2. Land Acquisition : 2016 - 2017 Refinancing with syndication of BNI, BCA and Bank 3. Construction : 2016 - 2019 Mandiri 4. Operation : 2019 35 BATANG - SEMARANG TOLL ROAD LOCATION: Central Java

Estimated Project Cost : US$ 850.0 million Indicative Project Structure 70% 30% Bank (Debt) Equity Description : Financial Feasibility: ( 70% ) ( 30% ) Batang - Semarang Toll Road (74.2 km) is a section of FIRR : 13.70% the Trans-Java Toll Road Network that will connect NPV : US$ 230.0 million National PPP Agreement Jakarta and Surabaya. Batang is a regency on the north Toll Road SPV User Authority (BUJT) coast of Central Java Province while Semarang is the (BPJT) Government and SPV Obligations Tariff largest and capital city of Central Java Province. Indicative Government Support & Guarantee: Regress Guarantee - Political risk - Land fund Agreement Agreement PT PII Co-guarantee Agreement with - Land acquisition Regress Ministry of Finance Ministry Payment - Tariff adjustment of Finance Investor(s) : Implementation Schedule (ETA): 1. PT Jasa Marga (Persero) Tbk.; 1. Preparation : 2016 2. PT Waskita Toll Road. 2. Tender for SPC : 2016 3. Construction : 2016 - 2018 Financier : 4. Operation : 2019 Financial close through Contractor Pre-Financing (CPF) 36 SERPONG-BALARAJA TOLL ROAD LOCATION: West Java

Estimated Project Cost : US$ 464.0 million Indicative Project Structure

Description : Financial Feasibility: Serpong-Balaraja Toll (30 km) is part of the Jabodetabek FIRR : 15.89% road network. This toll road is located in Banten Province NPV : US$ 231.0 million and will support rapid development in that area.

Indicative Government Support & Guarantee: - Political risk Investor(s) : - Land acquisition 1. PT Bumi Serpong Damai; - Tariff adjustment 2. PT Astratel Nusantara; 3. PT Transindo Karya; 4. PT Sinar Usaha Mahitala. Implementation Schedule (ETA): 1. Preparation : 2015 Financier : 2. Tender for SPC : 2016 Syndication between PT Bank Mandiri, PT Bank BNI and 3. Construction : 2016 - 2019 PT SMI 4. Operation : 2019 37 JAKARTA - CIKAMPEK ELEVATED II TOLL ROAD LOCATION: Jakarta – West Java

Estimated Project Cost : US$ 1,249.0 million Indicative Project Structure

70% 30% Bank (Debt) Equity ( 70% ) ( 30% ) Description : Financial Feasibility: The project is an elevated 36.4 km toll road to be built FIRR : 12.6 % over the existing Jakarta - Cikampek toll road, which is NPV : US$ 104.0 million National PPP Agreement Toll Road SPV being operated by PT Jasa Marga. The Jakarta - User Authority (BUJT) Cikampek road is part of the Trans-Jakarta toll road (BPJT) Government and SPV Obligations Tariff network connecting Jakarta and Surabaya. The existing road’s capacity has already been reached, but there are Indicative Government Support & Guarantee: Regress Guarantee Agreement Agreement limitations to widening it thus the proposed solution is - Political risk - Termination risk PT PII Co-guarantee Agreement with Regress to expand the road’s capacity by building over it. - Tariff adjustment Ministry of Finance Ministry Payment of Finance Investor(s) : Implementation Schedule (ETA): 1. PT Jasa Marga (Persero) Tbk. (80%); 1. Preparation : 2015 2. PT Ranggi Sugiron Perkasa (20%). 2. Tender for SPC : 2016 3. Construction : 2017 - 2019 Financier : 4. Operation : 2019 Syndication of bank on investment credit 38 KRIAN - LEGUNDI - BUNDER - MANYAR TOLL ROAD LOCATION: East Java

Sector: Road Sub-Sector: Toll Road

Estimated Project Cost : US$ 940.0 million Indicative Project Structure

70% 30% Bank (Debt) Equity Description : Financial Feasibility: ( 70% ) ( 30% ) • Part of the Trans-Java Toll Road located in East Java FIRR : 14.6 % with length at approximately 38.2 km from Krian to NPV : US$ 287.0 million National PPP Agreement Manyar. Toll Road SPV User Authority (BUJT) • One of the attractive points for development of this (BPJT) Government and SPV Obligations Tariff toll road is that it will have tremendous facilities, such as development of residential areas and commercial Indicative Government Support & Guarantee: Regress Guarantee areas along the corridor. Agreement Agreement Necessity: project’s authorization risk, construction PT PII Co-guarantee Agreement with Regress Ministry of Finance delay risk, payment risk and guarantee statement. Ministry Payment of Investor(s) : Finance 1. PT Waskita Toll Road (55%); Implementation Schedule (ETA): 2. PT Energi Bumi Mining (25%); 1. Preparation : 2015 3. PT Panca Wira Usaha Jawa Timur (20%); 2. Larap, Land Acquisition & Tender for SPC : 2016 Financier : 3. Construction : 2017 - 2018 Financial close through Contractor Pre-Financing (CPF) 4. Operation : 2019 39 UMBULAN WATER SUPPLY LOCATION: East Java

Sector: Water Supply Sub-Sector: Water Supply LOCATION MAP Government Contracting Agency : East Java Provincial Government Contact Person : Mr. Lili Soleh Wartadipradja e-mail: [email protected] Estimated Concession Period : 25 years

Estimated Project Cost : US$ 140.7 million Indicative Project Structure

Description : Financial Feasibility: The Umbulan Water Supply Project aims to increase the FIRR : 14.00% water supply capacity to meet the demand in the East NPV : US$ 34.2 million Java Province.

The capacity of the drinking water is 4,000 L/ps at Gresik Indicative Government Support & Guarantee: Regency, Surabaya City, Pasuruan City, Pasuruan Regency The project is supported by VGF from the Ministry of and PDAM (Industrial Area) connecting approximately Finance, financial project support from the Ministry of 320,000 households. Public Works and Housing and the Government of East Java. Project guarantee by IIGF. Investor(s) : Consortium of Bangun Cipta Kontraktor and Medco Implementation Schedule (ETA): Energy International 1. Preparation : 2011-2016 2. Land Acquisition : 2016-2017 Financier : 3. Construction : 2017-2019 PT IIF and PT SMI (Persero) 4. Operation : 2020 40 CENTRAL JAVA CFPP 2 X 1000 MW LOCATION: Central Java

Sector: Electricity Sub-Sector: Power Plant LOCATION MAP Government Contracting Agency : Directorate General of Electricity, Ministry of Energy and Mineral Resources / PT Perusahaan Listrik Negara (Persero) Contact Person : Mr. Ipung Purwomarwanto (Marketing Mgr of Strategic IPP); +62 217261122 Concession Period : 25 years

Estimated Project Cost : US$ 3,018.3 million Indicative Project Structure

Financial Feasibility: Description : FIRR : 11.12% This project is the development of coal-fired power NPV : US$ 938.7 million plant in Batang Regency, Central Java with a capacity of 2x1,000 MW. It is considered as the largest PPP electricity project by capacity in Asia. This project Indicative Government Support & Guarantee: reached financial close on 6 June 2016 with PT. Land acquisition, Capacity Payment (CP) and Availability Bhimasena Power Indonesia as the investor. Payment (AP). Guarantee by IIGF.

Investor(s) : Consortium of J-Power, Adaro Power, Itochu Corporation; Implementation Schedule (ETA): 1. Preparation : 2011 2. Land Acquisition : 2011 Financier : 3. Construction : 2016 - 2020 PT Bank Mandiri 4. Operation : 2018

41 PALAPA RING CENTRAL PACKAGE LOCATION: East Kalimantan, North Sulawesi, Central Sulawesi, South East Sulawesi and North Maluku

Sector: Telecommunications and Informatics Sub-Sector: Fiber Optic

Government Contracting Agency : BP3TI on behalf of Ministry of Communication and Information Technology Contact Person : Mr. Dhia Anugrah Febriansa, Infrastructure Director of BP3TI; +62 8129003167; [email protected] Estimated Concession Period : 15 years

Estimated Project Cost : US$ 71.5 million Indicative Project Structure

Financial Feasibility: FIRR : 13.01% Description : Development of fiber optic-based broadband NPV : USD 13.2 million telecommunication network covering 17 regencies across Kalimantan, Sulawesi, and Maluku. The project still needs around USD 12.8 million for the equity. Indicative Government Support & Guarantee: Payment mechanism: Availability Payment (AP). Investor(s) : Guarantee by IIGF. Consortium of Pandawa Lima: PT LEN Indsutri, PT Teknologi Riset Global Investama, PT Multikontrol Nusantara, PT Bina Nusantara Perkasa Implementation Schedule (ETA): Financier : 1. Preparation : done Syndication of PT. Indonesia Infrastructure Finance 2. Construction : 2017-2018 (Persero), PT. Bank BNI (Persero), and PT. Sarana Multi 3. Operation : COD at 29 Mar 2018 Infrastruktur (Persero) 42 PALAPA RING WEST PACKAGE LOCATION: Sumatera and West Kalimantan

Sector: Telecommunications and Informatics Sub-Sector: Fiber Optic

Estimated Project Cost : US$ 87.6 million Indicative Project Structure

Financial Feasibility: FIRR : 15.08% Description : NPV : US$ 8.6 million Development of fiber optic-based broadband telecommunication network which will connect Riau Province, Riau Islands, and the Natuna Island with a total length about 2,275 km. Indicative Government Support & Guarantee: Payment mechanism: Availability Payment (AP). Government guarantee by IIGF. Investor(s) : Consortium of PT Mora Telematika Indonesia and PT Ketrosden Triasmitra Implementation Schedule (ETA): 1. Preparation : done Financier : 2. Construction : 2017-2018 PT Bank Mandiri 3. Operation : COD at 11 Feb 2018

43 PALAPA RING EAST PACKAGE LOCATION: Maluku, Papua, and East Nusa Tenggara

Sector: Telecommunications and Informatics Sub-Sector: Fiber Optic LOCATION MAP Government Contracting Agency : BP3TI on behalf of Ministry of Communication and Information Technology Contact Person : Mr. Dhia Anugrah Febriansa, Infrastructure Director of BP3TI; +62 8129003167; [email protected] Estimated Concession Period : 15 years

Estimated Project Cost : US$ 386.5 million Indicative Project Structure

Financial Feasibility: Description : FIRR : 14.30 % Development of fiber optic-based broadband NPV : US$ 22.7 million telecommunication network and microwave transmission which will connect 35 regencies in East Nusa Tenggara, Maluku, West Papua and remote places inside Papua with a total length of about 6,878 km. Indicative Government Support & Guarantee: Payment mechanism: Availability Payment (AP). Government guarantee by IIGF. Investor(s) : Consortium of PT Mora Telematika Indonesia, PT Infrastruktur Bisnis Sejahtera, PT Inti Bangun Sejahtera, PT Smart Telecom Implementation Schedule (ETA): 1. Preparation : done Financier : 2. Construction : 2017-2018 Syndication of PT Bank BNI ICBC Indonesia, Bank Papua 3. Operation : COD at 29 Sept 2018 Bank Malukumalut and Bank Sulsebar 44