infrastructure projects pipelinekpsrb.bappenas.go.id/data/filedownloadbahan/digest iiif 2017... ·...

INFRASTRUCTURE PROJECTS PIPELINE

Indonesia Infrastructure Investment Forum Seoul, 20-21 September 2017

1

PPP PROJECTS

2

REPUBLIK INDONESIA

3

Project

identification Preliminary

study Outline Business

Case (OBC)

Final Business

Case (FBC) Prequalification Request for

Proposal Bid Award

PPP

Agreement

Signing

Financial

Close

Construction

and

Operation

PLANNING PREPARATION TRANSACTION

1 – 3 YEARS

PPP OFFICE

GOVERNMENT OF INDONESIA KANTOR BERSAMA KPBU REPUBLIK

INDONESIA

CAPITAL PLACE, 8TH FLOOR

JALAN JENDERAL GATOT SUBROTO KAV. 18

JAKARTA SELATAN 12710-INDONESIA

PHONE: +62 21 27081111

www.pppoffice-indonesia.or.id

Private sector involvement:

• Debt financier.

Private sector involvement:

• Transaction advisory through success fee mechanism;

• Investor/bidder;

• Debt financier.

Private sector involvement :

• Project preparation and transaction

advisory through success fee mechanism;

• Project initiator under unsolicited scheme.

GCA submitted project document

Reviewed Preliminary Study

OBC in process or completed

FBC in process or completed

GCA announced the PQ

GCA has issued bidding document

GCA announced bidding winner

Cooperation agreement has been signed

Financial close

Solicited PPP Project Scheme

REPUBLIK INDONESIA

4

Unsolicited PPP Project Scheme

Project proponent submits a proposal and pre-feasibility study (FS) document to GCA

• Pre-FS document evaluation to

get pre-FS approval;

• GCA gives rights to project

proponent to prepare feasibility

study (FS).

Business Entity

submits FS FS evaluation

Issuing approval letter: 1. Establishing the project as an

Unsolicited Project;

2. Establishing the business entity

as the project initiator;

3. The approved type of

compensation:

Procurement PPP

Agreement Signing

Compensation option

to the project initiator

Additional mark of 10% on the procurement score

Right to match The GCA purchase

the PPP initiative

CRITERIA OF EVALUATION:

•Technically integrated with the sector’s master plan;

•Economically and financially viable;

•The business entity that proposes the initiative has adequate financial capability to finance the project.

Example: Jakarta – Cikampek Elevated Toll Road

REPUBLIK INDONESIA

PPP Project Pipeline

5

Under preparation

Project Identification (US$ 2,850.3 million++) OBC (US$ 12,658.3 million++)

No. Project Name Project Value

1 Samarinda - Bontang Toll Road Under Calculation

2 North Bali International Airport US$ 2,100.0 million

3 Makassar – Parepare Railway US$ 593.0 million

5 Batam SWRO Under Calculation

6 Batam Sewerage System Phase 2 US$ 157.3 million

7 Batam Industrial Waste Treatment Under Calculation

8 Batam e-Government Phase 2 Under Calculation

9 BP Batam Hospital Under Calculation


1 Yogya - Solo Toll Road US$ 6,200.0 million

2 Yogya - Bawen Toll Road US$ 270.0 million

3 Bitung Port US$ 2,500.0 million

4 Kuala Tanjung Port US$ 2,800.0 million

5 Maloy Port and Industrial Area US$ 642.6 million

6 Surakarta Street Lightning Under Calculation

7 Multifunction Satellite Under Calculation

8 Pirngadi Hospital US$ 13.3 million

9 University of Udayana Teaching Hospital US$ 59.4 million

10 Dharmais Cancer Hospital Under Calculation

11 National Integrated Welfare System Under Calculation

12 Batam Polytechnic Education Facility Development US$ 142.0 million

13 Papua Sports Arena US$ 15.5 million

14 Nusakambangan Industrial Correctional Facility US$ 15.5 million

15 Relocation of Correctional Facility Under Calculation

5

REPUBLIK INDONESIA

PPP Project Pipeline

6

Under preparation


1 Surabaya - Madura Toll Bridge US$ 24.0 million

2 Tanjung Sauh Port US$ 952.6 million

3 Batu Ampar Port US$ 250.0 million

4 Hang Nadim Airport US$ 375.0 million

5 Medan Municipal Transport US$ 477.4 million

7 Batam LRT US$ 956.9 million

11 Legok Nangka Waste Treatment US$ 200.0 million

12 Bandung Street Lighting US$ 72.3 million

13 University of Sam Ratulangi Teaching Hospital US$ 15.5 million 14 Sidoarjo General Hospital US$ 18.5 million

8 Pekanbaru Regional Water Supply US$ 35.5 million

9 Pondok Gede Water Supply US$ 18.5 million

10 West Semarang Water Supply US$ 6.1 million

6

FBC (US$ 3,402.3 million)

REPUBLIK INDONESIA

7

Project Pipeline (1)

Already Tendered - Under Construction (US$ 7,223.9 million)

Already Tendered - Available for Financing (US$ 3,796.5 million)

PQ (US$ 1,429.2 million) RFP (US$ 1,700.7 million)

PPP Agreement Signing (US$ 44.4 million)

FC (US$ 622.2 million)

Ready for Transaction (US$ 593.0 million)


1 Semarang - Demak Toll Road US$ 593.0 million No. Project Name Project Value

1 Serang - Panimbang Toll Road US$ 400.0 million 2 Jakarta - Cikampek South Toll Road US$ 1,029.2 million

No. Project Name Project Value 1 Cileunyi - Sumedang - Dawuan Toll Road US$ 622.2 million


1 Probolinggo - Banyuwangi Toll Road US$ 1,620.7 million 2 Bandar Lampung Water Supply US$ 80.0 million

No. Project Name Project Value 1 Nambo Regional Waste Management System US$ 44.4 million

No. Project Name Project Value 1 Manado - Bitung Toll Road US$ 396.0 million

2 Balikpapan - Samarinda Toll Road US$ 767.0 million

3 Pandaan - Malang Toll Road US$ 461.0 million 4 Krian - Legundi - Bunder - Manyar Toll Road US$ 287.0 million

5 Jakarta - Cikampek Elevated II Toll Road US$ 1,249.0 million 6 Batang - Semarang Toll Road US$ 230.0 million

7 Serpong - Balaraja Toll Road US$ 231.0 million 8 Umbulan Regional Water Supply US$ 140.7 million

9 Central Java Power Plant US$ 3,000.0 million

10 Palapa Ring East Package US$ 369.7 million 11 Palapa Ring West Package US$ 92.5 million

UNDER PREPARATION

ROAD

1.Samarinda – Bontang Toll Road (Under Calculation)

2.Yogyakarta – Solo Toll Road (US$ 113.0 million)

3.Yogyakarta – Bawen Toll Road (US$ 270.0 million)

4.Surabaya – Madura Bridge Toll Road (US$ 24.0 million)

8

9

Description :

The development of road infrastructure is an absolute necessity for the development of transportation, improvement of the economy and regional development in East Kalimantan. In an effort to fulfill road infrastructure and through taking into account the limited time the government of East Kalimantan has on one side and see any chance private investment on the other side, the government of East Kalimantan makes policies to draw private investors into the field of a motorway/toll by involving the private sector. It is expected to accelerate the provision of infrastructure to achieve community welfare.

Sector: Road Sub-Sector: Toll road

Estimated Project Cost : Under Calculation

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

Implementation Schedule (ETA): 1. Preparation : 2017 - 2018 2. Larap, Land Acquisition & Tender for SPC : 2018 - 2019 3. Construction : 2018 - 2019 4. Operation : 2020

Financial Feasibility: IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation

Business Opportunity: Transaction adviser/bidder/financier Project Status: Under preparation

Indicative Government Support & Guarantee: Government support and Government guarantee will be determined in Final Business Case.

Indicative Project Structure

SAMARINDA – BONTANG TOLL ROAD LOCATION: East Kalimantan

mailto:[email protected]


10

Description : Yogja – Solo Toll Road will cross Sleman District in Yogyakarta and 3 districts in East Java; Surakarta District, Sukoharjo District and Klaten District. Sleman is a well-developed district especially in trading. The other three districts have their own potential resources which will attract economic growth around East Java. This toll road is approximately 400 km in length.


Estimated Project Cost : US$ 113.0 million


Implementation Schedule (ETA): 1. Preparation : N/A 2. Larap, Land Acquisition &

Tender for SPC : N/A 3. Construction : N/A 4. Operation : N/A


Business Opportunity: Transaction adviser/bidder/financier Project Status: OBC is being prepared through KPPIP’s assistance

Indicative Government Support & Guarantee: Government support and Government guarantee will be determined in Final Business Case Study.

LOCATION MAP


YOGYAKARTA – SOLO TOLL ROAD LOCATION: Yogyakarta - Central Java

SPV (BUJT)

PT PII

National Toll Road Authority

(BPJT)

Regress Agreement

Guarantee Agreement

PPP Agreement

70% 30%

User

Bank (Debt) ( 70% )

Equity ( 30% )

Tariff Government and SPV Obligations

Ministry of

Finance

Regress Payment

Co-guarantee Agreement with Ministry of Finance



11

Description : This toll road is 71,56 km long and will be divided into three sections: 1. Section 1, Bawen to Secang (STA 0+000 to STA

22+200) including Bawen Junction and Secang Junction;

2. Section 2, Secang to Borobudur (STA 22+200 to STA 53+500) without junction;

3. Section 3, Yogyakarta to Borobudur (STA 53+500 to STA 71+393.852) including Borobudur Junction.




Implementation Schedule (ETA): 1. Preparation : 2007 - 2018 2. Larap, Land Acquisition &

Tender for SPC : 2018 3. Construction : 2018 - 2019 4. Operation : 2020


Business Opportunity: Transaction adviser/bidder/financier Project Status: Preparation of OBC


LOCATION MAP


YOGYAKARTA – BAWEN TOLL ROAD LOCATION: Yogyakarta - Central Java



12

Description : Suramadu Bridge is a toll road project that has been operating since 2009. The current concession holder is PT Jasa Marga (Persero) Tbk., and the concession period will end in 2017. The Government of Indonesia has to conduct the tender process in order to continue the operation and maintenance of this project.

Sector: Road Sub-Sector: Toll bridge




Tender for SPC : N/A 3. Construction : N/A 4. Operation : since 2009 5. O&M Stage 2 : 2018


Business Opportunity: Operation and Maintenance (O&M) Project Status: Principal Approval of PDF’s facility from Ministry of Finance

Indicative Government Support & Guarantee: Potentially guaranteed by IIGF.

LOCATION MAP


SURABAYA – MADURA BRIDGE TOLL ROAD LOCATION: East Java



UNDER PREPARATION

TRANSPORTATION: PORT

1.Bitung Port (US$ 2,500.0 million)

2.Kuala Tanjung Port(US$ 2,800.0 million)

3.Maloy Port and Industrial Area (US$ 642.6 million)

4.Tanjung Sauh Port (US$ 952.6 million)

5.Batu Ampar Port (US$ 250.0 million)

13

14

Description : The development of Bitung International Hub Port in North Sulawesi is to act as a port hub supporting industrial activity in Eastern Indonesia including Ambon and Ternate (agriculture, manufacturing, and mining) and Samarinda, Balikpapan, Tarakan and Nunukan (coal, oil and plywood) and to support industrial activities in Special Economic Zone (SEZ) Bitung.

Sector: Transportation Sub-Sector: Sea port

Estimated Project Cost : US$ 2,500.0 million

Government Contracting Agency : Ministry of Transportation ROI Contact Person : Susanty Pertiwi +62-8129486011; e-mail: [email protected] Estimated Concession Period : 50 – 70 years

Implementation Schedule (ETA): 1. Preparation : Dec 2017 2. Construction : 2020 3. Operation : 2022

Financial Feasibility: EIRR : Under Calculation FIRR : 12.45% NPV : US$ 353.0 million

Business Opportunity: Developer and operator of the port and terminal Project Status: OBC is being prepared through KPPIP’s assistance and is expected to be completed on December 2017


LOCATION MAP


BITUNG INTERNATIONAL HUB PORT LOCATION: North Sulawesi

Will be determined after completing the FBC

15

Description : The Port of Kuala Tanjung is developed as a hub port for Crude Palm Oil (CPO), dry bulk, general cargo and containers for North Sumatra and Nangroe Aceh Darussalam (NAD) Provinces. It is also prepared as support for Sei Mangkei Industrial Estate, Belawan Port and Kuala Tanjung Industrial Estate. The development of this port is to become an International Hub Port and to act as the gate of Western Indonesia, listed as a National Strategic Project.



Government Contracting Agency : Ministry of Transportation ROI Contact Person : Susanty Pertiwi +62-8129486011; e-mail: [email protected] Estimated Concession Period : 60 - 70 years

Implementation Schedule (ETA): 1. Preparation : FBC Q4 2017 2. Larap, Land Acquisition & tender for SPC : Q3 2018 3. Construction : January 2019 4. Operation : January 2022

Financial Feasibility: EIRR : > 14% FIRR : Under Calculation NPV : US$ 4.0 million

Business Opportunity: Transaction adviser/bidder/financier Project Status: OBC is being prepared through KPPIP’s assistance

Indicative Government Support & Guarantee: Land acquisition and basic infrastructure.

LOCATION MAP


KUALA TANJUNG INTERNATIONAL HUB PORT LOCATION: North Sumatera


16

Description : The development of Maloy Port, East Kalimantan is to support industrial activity in Special Economic Zone (SEZ) Maloy.


Estimated Project Cost : US$ 642.6 million US$ 450.0 million (port) US$ 192.6 million (industrial area)

Government Contracting Agency : Ministry of Transportation ROI Contact Person : Susanty Pertiwi +62-8129486011; e-mail: [email protected] Estimated Concession Period : 50 - 70 years

Implementation Schedule (ETA): 1. Preparation : 2018 (OBC) 2. Larap, Land Acquisition & tender for SPC : N/A 3. Construction : N/A 4. Operation : N/A

Financial Feasibility: EIRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation



LOCATION MAP


MALOY PORT AND INDUSTRIAL AREA LOCATION: East Kalimantan


17

Description : The project is to develop the transhipment container terminal located in Indonesia, Singapore and Malaysia (IMS-GT) within Sijori Growth Triangle and designated to handle transhipment containers which have the capacity of more than 7.0 million TEUs.

Sector: Transportation Sub-Sector: Transhipment port


Government Contracting Agency : BIFZA Contact Person : Mr. Horman Pudinaung +62-778-469782 / +62-811692995; e-mail: [email protected] Estimated Concession Period : Max 50 years

Implementation Schedule (ETA): 1. Preparation : 2016 2. Larap, Land Acquisition &

Tender for SPC : 2018 3. Construction : 2019 4. Operation : 2022

Financial Feasibility: IRR : 12.45% FIRR : Under Calculation NPV : US$ 378.05 million

Indicative Government Support & Guarantee: Land use for commercial and housing as compensation by Government.


TANJUNG SAUH TRANSHIPMENT TERMINAL OF KABIL PORT LOCATION: Tanjung Sauh, Riau Island


Interested Investor(s): • PT Pelindo-II; • CMA-CGM-France. Task of Investor:

• Dredging : 600.000 m3; • Quay/Berth : 2.300 m; • Backup area/Container yard : 138 ha; • Gantry Crane : 20 unit; RMGC : 60 unit; • Heat Truck : 100 unit; Trailer : 100 unit.

Third party equity (15%)

18

Description : The project is to develop and manage the container terminal in Batam and designated to handle containers with the capacity of more than 2.0 million TEUs. In 2005, CMA-CGM is interested to develop and manage Batu Ampar Port.




Implementation Schedule (ETA): 1. Preparation : 2017 (FBC) 2. Larap, Land Acquisition &



Indicative Government Support & Guarantee: Demand risk not guaranteed by Government and investor pay upfront fee.

BATU AMPAR CONTAINER PORT LOCATION: Batam, Riau Island


EXISTING:

• Berth = 670 m;

• Container yard = 3 ha. TASK OF INVESTOR: • Gantry Crane 6 unit, RMGC 12 unit, Heat Truck 30

unit and IT System; • Extension container yard area of 30 ha; • Dredging, Container Wharf, Reclamation, Gantry

Crane, 1000 m of Berth, Building, Warehouse, Container Yard, Offices.



UNDER PREPARATION

TRANSPORTATION: AIRPORT

1.North Bali International Airport (US$ 2,100.0 million)

2.Airport of Hang Nadim(US$ 375.0 million)

19

20

Description : The NBIA Airport is to be developed as a new international airport that shall operate in addition to Ngurah Rai (Denpasar International Airport). NBIA will mainly focus and be dedicated to commercial operations and general aviation needs, including international flights for leisure and tourism, also business aviation.

Sector: Transportation Sub-Sector: Airport


Implementation Schedule (ETA): 1. Preparation : N/A 2. Larap, Land Acquisition &

Tender for SPC : N/A 3. Construction : N/A 4. Operation : N/A




NORTH BALI INTERNATIONAL AIRPORT LOCATION: North Bali

Business Opportunity: Transaction adviser/bidder/financier Project Status: FS for location determination

Government Contracting Agency : Ministry of Transportation ROI Contact Person : Susanty Pertiwi +62-8129486011; e-mail: [email protected] Estimated Concession Period : 50 years

Will be determined after competing the FBC

21

Description : The project is to expand the passenger terminal of Hang Nadim International Airport and designated to handle up to 8 million passengers in 2019.

Sector: Transportation Sub-Sector: Airport


Government Contracting Agency : BIFZA Contact Person : Mr. Horman Pudinaung +62-778-469782 / +62-811692995; e-mail: [email protected] Estimated Concession Period : 30 - 50 years




Indicative Government Support & Guarantee: Demand risk guaranteed by Government.


EXPANSION OF HANG NADIM INTERNATIONAL AIRPORT PASSENGER TERMINAL LOCATION: Batam, Riau Island


Interested Investor(s): • Incheon Airport;

• Angkasa Pura.

Scope of work:

• Passenger Terminal 36.000 m2; • Equipment (8 airbridges, baggage handling system,

FIDS, ADGS); • IT System; • Apron and taxiway construction.


UNDER PREPARATION

TRANSPORTATION: RAILWAY

1.Makassar – Parepare Railway (US$ 593.0 million)

2.Medan Municipal Transport(US$ 477.4 million)

3.Batam LRT (US$ 956.9 million)

22

23

Description : • The development of 144 km railway from Makassar to Parepare

in South Sulawesi, as part of Trans-Sulawesi project.

• The railway is used as public transportation that will connect to the ports in South Sulawesi.

• The project is partially funded by State Budget, allocated under the Ministry of Transportation .It is estimated that around 62 km of the railway track will be done through PPP scheme.

Sector: Transportation Sub-Sector: Railway


Implementation Schedule (ETA): 1. Construction : 2015 2. Operation : 2018


Business Opportunity: Transaction adviser/bidder/financier Project Status: FS for Barru – Makassar Track for PPP Scheme

Indicative Government Support & Guarantee: Government support and Government guarantee will be determined in Final Business Case (FBC).

LOCATION MAP


MAKASSAR – PAREPARE RAILWAY LOCATION: South Sulawesi

Government Contracting Agency : Ministry of Transportation ROI Contact Person : Susanty Pertiwi +62-8129486011; e-mail: [email protected] Estimated Concession Period : 50 – 75 years

Barru

Pangkep

Maros

Makassar


24

Description : With the large amount of private vehicle distribution in Medan City, Medan cCity is expected to reach gridlock in several roads by 2022. Given the size of Medan City, besides BRT system implementation, the use of rail-based mass transportation is also needed as the backbone of accessibility and mobility of Medan citizens. Route selection will focus on areas that have not been served by BRT but have high demand and cross the centres of activity in the city of Medan and future development plans.

Sector: Transportation Sub-Sector: LRT or BRT


Government Contracting Agency : Medan Municipal Contact Person : Mr. Wiriya Al Rahman (Head of Medan Development Planning Agency) +62-811-639-162; e-mail: [email protected] Estimated Concession Period : 35 years


Tender for SPC : 2018 - 2019 3. Construction : 2019 - 2020 4. Operation : 2020

Financial Feasibility: IRR : 17.0% FIRR : 12.5% NPV : US$ 131.0 million

Business Opportunity: Bidder/financier Project Status: Preparation of OBC by Bappenas and continued to FBC through PDF by Ministry of Finance


LOCATION MAP


MEDAN MUNICIPAL TRANSPORT LOCATION: North Sumatera

25

Description : To provide a safe, fast and convenience public mass transportation in Batam that will be connecting Batam Centre to Tanjung Uncang via Muka Kuning and from Batu Ampar to Hang Nadim International Airport.

Sector: Transportation Sub-Sector: Railway


Government Contracting Agency : BIFZA Contact Person : Mr. Horman Pudinaung +62-778-469782 / +62-811692995; email: [email protected] Estimated Concession Period : Max 75 years



Financial Feasibility: IRR : 15.34% (Section 1); 16.57% (Section 2) FIRR : US$ 2.65 billion NPV : US$ 11.74 billion

Indicative Government Support & Guarantee: TOD and demand risk guaranteed by Government.


BATAM LRT LOCATION: Batam, Riau Island


Scope of work: • Line I : Batam Centre – Tanjung Uncang

• LRT Train =4 unit;

• LRT Line = 27.54 km;

• LRT Station= 19 stations.

• Line II : Batu Ampar – HNIA

• LRT Train = 4 unit;

• LRT Line = 27.93 km;

• LRT Station = 25 stations.

UNDER PREPARATION

WATER SUPPLY & WASTE MANAGEMENT

1.Batam Sewerage System Phase 2 (US$157.3 million)

2.Batam Industrial Waste Treatment (Under Calculation)

3.Batam SWRO (Under Calculation)

4.Pekanbaru Regional Water Supply (US$ 35.5 million)

5.Pondok Gede Water Supply (US$ 18.5 million)

6.West Semarang Water Supply (US$ 6.1 million)

7.Legok Nangka Regional Waste Treatment (US$ 200.0 million)

26

27

Description : To protect water quality by improving environmental infrastructure and wastewater facilities, also to improve public health, reduce epidemic in Batam and increase tourists and investment in accordance with improvement in environmental quality.

Sector: Waste management infrastructure system Sub-Sector: Sewerage system








BATAM SEWERAGE SYSTEM PHASE 2 LOCATION: Batam, Riau Island



28

Description : Currently, Final Disposal Site of Telaga Punggur manages waste efficiently and effectively in an area of 46.8 hectares. In addition to domestic waste that uses sanitary landfill systems, there is also the toxic industrial waste. Therefore, there is a development plan for that landfill to manage the industrial waste as well from harmful waste to become harmless (green industry).

Sector: Waste management infrastructure system Sub-Sector: Industrial waste management








BATAM INDUSTRIAL WASTE TREATMENT LOCATION: Batam, Riau Island



29

Description : New water source is needed because the current reservoir of raw water sources in Batam began to shrink. If it continues to operate to serve the needs of clean water, it will not last long. With SWRO enabled, it can help in reducing the burden of PDAM Tirta Kepri for providing clean water needs.

Sector: Water supply Sub-Sector: Water resource and irrigation








BATAM SEA WATER REVERSE OSMOSIS LOCATION: Batam, Riau Island



30

Description : Pekanbaru Water Supply was developed to improve water services to Pekanbaru citizens with the capacity of 3000 L/s. The level of services provided is expected to be increased from 8% in 2014 to 27% in 2019 with sustainable access to safe drinking water. The capacity of the system is 500 L/sec and the system will serve 40,000 household connections. The service area will cover 6 sub-districs in Pekanbaru.

Sector: Water supply Sub-Sector: Water supply


Government Contracting Agency : Director of PDAM Tirta Siak Pekanbaru Contact Person : Mr. Muhammad Suhandi +62-761-27755 / +62-8117099576; e-mail: [email protected] Estimated Concession Period : 25 years



Financial Feasibility: IRR : 16% NPV : 9.24 million

Business Opportunity: Bidder/financier Project Status: Preparing the agreement assistance of PDF

Indicative Government Support & Guarantee: PDF from Ministry of Finance.

LOCATION MAP


PEKANBARU REGIONAL WATER SUPPLY LOCATION: Riau

31

Description : • Scheme: Build – Operate – Transfer (plus). • Project scope: Some PPP scope scenarios are under

consideration, some of which may need Government support such as budget of regional state budget allocation to GCA as investment for the cost of the project and Government guarantee.

• Payment mechanism: take or pay agreement.



Government Contracting Agency : Director of PDAM Tirta Patriot Bekasi Contact Person : Achmad Giri Widodo (CEO of PDAM Tirta Patriot Kota Bekasi) +62-21 88966161 / +62-8129398315; e-mail: [email protected] Estimated Concession Period : 25 years

Implementation Schedule (ETA): 1. Preparation : 2017 2. Land Acquisition : 2017 (done) 3. PQ : 2017 3. Construction : 2019 - 2020 4. Operation : 2019


Business Opportunity: Bidder/financier Project Status: OBC revised


LOCATION MAP


PONDOK GEDE WATER SUPPLY LOCATION: Bekasi, West Java


32

Description : The production capacity for this project is 750 L/s (plus additional 250 L/s for expansion purpose) which is estimated to serve about 80,000 household connections. The area coverage to be served by this project is 3 sub-districts (Tugu, Ngaliyan, West Semarang) that are divided into 2 zones: semi greenfield zone (existing PDAM network but still low in coverage) and brownfield zone (completed PDAM network and existing customers).



Government Contracting Agency : Director of PDAM Tirta Moedal, Municipal Government of Semarang Contact Person : Ms. Etty Laksmiwati (President Director as GCA) +62-811280964; e-mail: [email protected] Estimated Concession Period : Under calculation



Financial Feasibility: IRR : 16.6% FIRR : Under Calculation NPV : Under Calculation

Business Opportunity: Bidder/financier Project Status: FBC is being prepared jointly by KPPIP and Ministry of Finance’s Project Development Facility

Indicative Government Support & Guarantee: • Project Development Fund from Ministry of Finance

for Final Business Case Preparation and Transaction Advisor Support.

LOCATION MAP


WEST SEMARANG WATER SUPPLY LOCATION: Central Java


33

Description : • Waste management of 1,800 tons per day, which is

sourced from 6 municipalities (Bandung Regency, Bandung City, Sumedang Regency, Cimahi City, West Bandung Regency, and Garut Regency) located in Legok Nangka, West Java.

• Conversion of waste to electricity with output capacity to be determined and Purchase Agreement with PLN.

Sector: Sanitation Sub-Sector: Waste to energy


Government Contracting Agency : Governor of West Java Province Contact Person : Mr. Edi Bachtiar (Head of West Java Regional Solid Waste Management Agency) +62-81221264704; e-mail: [email protected] Estimated Concession Period : 20 years


Tender for SPC : 2010 (done) 3. Construction : 2019 - 2020 4. Operation : 2020 - 2040

Financial Feasibility IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation

Business Opportunity: Transaction advisor/bidder/financier Project Status: FBC is being prepared through assistance by National Public Procurement Agency and MCAI (Millennium Challenge Account Indonesia)


LOCATION MAP


LEGOK NANGKA REGIONAL WASTE TREATMENT LOCATION: West Java

UNDER PREPARATION

ENERGY CONSERVATION

1.Surakarta Street Lighting (Under Calculation)

2.Bandung Street Lighting (US$ 72.3 million)

34

35

Description :

The two primary objectives of the project are to revitalize the existing street lighting service to meet the required service level standard and to achieve optimum energy efficiency in delivering the street lighting services. The commercial scenarios to achieve optimum VfM include covering the works on the combination of meter installation, energy-efficient replacement for the existing lamps, smart system installation and a suitable installation of the independent lamp posts. Depending on the selected commercial scenarios, it will cover around 21,200 light points.


Government Contracting Agency : Surakarta Municipal Contact Person : Agung Widi H. (Public Work and Spatial Planning Agency of Surakarta Municipal) +62-81-225298975; e-mail: [email protected] or [email protected] Estimated Concession Period : Under calculation



Business Opportunity: Transaction adviser/bidder/financier Project Status: OBC is being prepared through assistance by Bappenas



SURAKARTA STREET LIGHTING LOCATION: Central Java


Sector: Energy conservation Sub-Sector: Street lighting



36

Description : • The project is planned to build at least 34,000 new street

lightings, retrofit 40,000 street lighting existing to LED, installation of smart feeder including room control, 3,700 new poles and installation of new cables.

• The new street lightings are categorized as Basic, Classic and Smart Street Lightings.

• The SPV must achieve minimum efficiency of 50%.

Sector: Urban facilities Sub-Sector: Street lighting


Government Contracting Agency : Mayor of Bandung Contact Person : Mr. Iskandar Zulkarnain; +62-22-7278853; [email protected] Mr. Inu Kusuma Wardana; +62-81313916313; [email protected] Estimated Concession Period : 15 years, with 2 years construction period

Implementation Schedule (ETA): 1. Preparation : Dec 2016 – Sept 2017 2. Tender for SPC : Sept 2017 – Feb 2018 3. Construction : 2018 - 2020 4. Operation : 2018 - 2035

Financial Feasibility: IRR : 15.8% NPV : US$ 4.3 million

Business Opportunity: Transaction advisor/bidder/financier Project Status: FBC is being prepared through assistance by National Public Procurement Agency and Millennium Challenge Account Indonesia. The Bandung City Government is also planning to conduct public consultation and pre-market sounding immediately.


LOCATION MAP


BANDUNG STREET LIGHTING LOCATION: Bandung, West Java

GCA

PLN

(Collecting

Unit)

SPV People

Str

eet

Lig

hti

ng

Tax

Street Lighting

Services

Submission

Tax Income

Bill Payment

AP


UNDER PREPARATION

INFORMATION, COMMUNICATION AND TECHNOLOGY

1.Batam e-Government Phase 2 (US$ 86.0 million)

2.Multifunction Satellite (Under Calculation)

3.National System of Integrated Welfare (Under Calculation)

37

38

Description : Batam e-Government Phase 2 aims to develop Batam Single Window, which the application and system are based on cloud technology.

Sector: Telecommunications and informatics Sub-Sector: Data center








BATAM E-GOVERNMENT PHASE 2 LOCATION: Batam, Riau Island



39

Description :

Multifunctional satellite project is expected to provide benefits for Indonesia’s services to citizens as well as education and defense development. Private partner shall be responsible to finance, design, construct, operate and maintain the infrastructure assets, including intake and water treatment plan. The private partner will also be responsible for billing and payment collection from customers.

Sub-Sector: Satellite


Government Contracting Agency : Ministry of Communication and Information Technology Contact Person : Ms. Dhia A. Febriansa (Infrastructure Director of BP3TI) +62-8129003167; e-mail: [email protected] Estimated Concession Period : 15 years

Implementation Schedule (ETA): 1. Preparation : 2017 – 2018 2. Construction : 2019 – 2021 3. Operation : 2021 – 2036


Business Opportunity: Bidder/financier Project Status: OBC is being prepared through assistance by Bappenas



MULTIFUNCTION SATELITE LOCATION: Indonesia


Sector: Telecommunications and informatics

40

Description : Ministry of Social Services has a plan to develop national integrated welfare system by web-based application with cloud computing technology. The objectives of the information system are: (i) as an integrated social welfare program database center for the Government, private sector and research program unit, also to support their policy and decision making; (ii) to solve the problems in data redundancy and inconsistency in the integrated database center; (iii) solution for data provision in social welfare programs, which are not comprehensive and less accurate; (iii) lowering costs for data updating and management; (iv) integration and data management for each technical unit. 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 assistance and implementation of monitoring and evaluation system. The estimated cost for this project is IDR 85 billion. The scheme of PPP is Build, Operate and Maintenance of the information system facilities and transfer.

Sub-Sector: e-Government


Government Contracting Agency : Ministry of Social Affair Contact Person : Yeti Wulandari (Ministry of Social Affair) +62-81-298997999; e-mail: [email protected] Estimated Concession Period : Under calculation





NATIONAL INTEGRATED WELFARE SYSTEM LOCATION: National



Sector: Telecommunications and informatics


UNDER PREPARATION

HEALTH SECTOR: HOSPITAL

1.BP Batam Hospital (Under Calculation)

2.Pirngadi Hospital (US$ 13.3 million)

3.University of Udayana Long Term Care Unit Teaching Hospital (US$ 59.4 million)

4.Dharmais Cancer Hospital (Under Calculation)

5.University of Sam Ratulangi Teaching Hospital (US$ 15.5 million)

6.Sidoarjo General Hospital (US$ 18.5 million)

41

42

Description : The project is to improve out-patient and in-patient services in BP Batam Hospital, which is also a referral hospital in Batam.

Sector: Health Sub-Sector: Hospital


Government Contracting Agency : BIFZA Contact Person : Mr. Horman Pudinaung +62-778-469782 / +62-811692995; email: [email protected] Estimated Concession Period : Max 50 years






BP BATAM HOSPITAL LOCATION: Batam, Riau Island

Business Opportunity: Project initiator (unsolicited)/Transaction adviser/bidder/financier Project status: Under preparation

43

Description : Development of a new wing, existing building renovation, emergency and medical equipment are needed in Pirngadi Hospital.



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


Tender for SPC : 2018 3. Construction : 2018 - 2019 4. Operation : 2020 - 2030


Business Opportunity: Bidder/financier Project Status: Preparation of FBC through PDF by Ministry of Finance


LOCATION MAP


PIRNGADI HOSPITAL LOCATION: North Sumatera

44

Description : Driven by the need to plug the skill shortages, RSPTN UNUD is proposing to explore PPP in the Non-Core Education Services in its Bukit Jimbaran Campus as described below: • Main Hospital: Procurement of medical equipment,

consumables, mobility, vehicles and furniture for RSPTN UNUD and maintenance of the new medical equipment.

• LTC Facility: Design, build, finance and maintain long-term care facility with a gross floor area of , 13,000 m2 adjacent to RSPTN UNUD existing complex.



Government Contracting Agency : Ministry of Research, Technology and Higher Education Contact Person : Mrs. Dr. Tuty Kuswardhani (RSPTN Director – University of Udayana) +62-811-388-700; e-mail: [email protected] Estimated Concession Period : 20 years




Business Opportunity: Transaction adviser/bidder/financier Project Status: OBC has been completed through assistance by Bappenas and ADB


LOCATION MAP


UNIVERSITY OF UDAYANA LONG TERM CARE UNIT TEACHING HOSPITAL LOCATION: Bali

45

Description : Dharmais Cancer Hospital’s capacity in serving radiotherapy is 75 patients/day. As a result, patient queue list period is 2-3 months in average, causing ineffective cancer treatment management and will affect the life quality of cancer patients. It is planned to have new functions as Comprehensive Cancer Center, National Cancer Educational and Information System, and also National Data and Research Cancer Center. Additional 2 buildings will be built: Tower A as a service building and hospice palliative (6 floors, 72 beds) and Tower B as an executive integrated service (12 floors, 137 beds). This hospital will provide executive polyclinic service, PET CT/MRI service, general surgery and all in-patient and out-patient surgical services, integrated diagnostic unit, ICU HCU and PICU services, nuclear medicine, a full renal dialysis program, pediatric services, et cetera.



Government Contracting Agency : Ministry of Health Contact Person : Ockti Palupi +62-81807318650; e-mail: [email protected] Estimated Concession Period : N/A



Business Opportunity: Transaction adviser/bidder/financier Project Status: Under preparation on OBC through assistance by Bappenas



DHARMAIS CANCER HOSPITAL LOCATION: DKI Jakarta



46

Description : • Sam Ratulangi Teaching Hospital is planned to

support medical students in education and medical research and also could be one of the local options in health services.

• The hospital would be determined as one of the Teaching Hospitals in Indonesia that is initiated by Ministry of Research, Technology and Higher Education.

Sector: Health Sub-Sector: Teaching hospital


Government Contracting Agency : Ministry 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




Business Opportunity: Transaction advisor/bidder/financier Project Status: Preparation of OBC by Bappenas and continued to FBC through PDF by Ministry of Finance

Indicative Government Support & Guarantee: Potentially guaranteed by IIGF.

LOCATION MAP

UNIVERSITY OF SAM RATULANGI TEACHING HOSPITAL LOCATION: North Sulawesi


SPV

Public Service Agency (BLU UNSRAT)

Sam Ratulangi Teaching Hospital

GCA

SERVICES

College Students

Patients

Non Core

LENDER

a) Banking Institutions

b) Non-Banking Institutions

(PT. SMI, IIF, etc)

Trustee Bank


47

Description : In need of development of a new building and medical equipment, Sidoarjo Central Hospital is the second hospital owned by the 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 that has a capacity of 150 beds.



Government Contracting Agency : Government of Sidoarjo Regency Preparation Agency : PT SMI through PDF from Ministry of Finance Contact Person : Ms. Elly (Sub Directorate of Cooperation Affairs); +62-81332833150; e-mail: [email protected] Estimated Concession Period : 10 years



Financial Feasibility: IRR : 9.88% FIRR : 8.18% NPV : Under Calculation

Business Opportunity: Bidder/financier Project Status: Preparation of FBC through PDF by Ministry of Finance


LOCATION MAP


SIDOARJO GENERAL HOSPITAL LOCATION: Sidoarjo Regency, East Java

Patients


UNDER PREPARATION

SPORTS STADION AND EDUCATION FACILITIES

1.Papua Sports Arena (US$ 15.5 million)

2.Batam Polytechnic Education Facility Development (US$ 142.0 million)

48

49

Description : This project is expected to promote the development of sports infrastructure in Papua province. Papua Sports Arena will be built near existing Mandala Stadium in Jayapura, which combines sport facilities and a hotel.

Sector: Sport, art and culture facility Sub-Sector: Sport facility


Government Contracting Agency : Papua Province Contact Person : Mr. Bernard Sitorus +62-813- 44542430; e-mail: [email protected] Estimated Concession Period : 25 years



Financial Feasibility: IRR : 14.8 % FIRR : 11.7 % NPV : US$ 8.29 million

Business Opportunity: Transaction advisor/bidder/financier Project Status: OBC has been assisted by Bappenas and then continued by proposing Project Development Facility to Ministry of Finance for FBC development


LOCATION MAP


PAPUA SPORTS ARENA LOCATION: Papua

50

Description : Driven by the need to plug the skill shortages, Polibatam is proposing to explore PPP in the Non-Core Education Services in its Batam Campus as described below: • Design, build, finance and maintain the integrated

education infrastructures consisting of new teaching building, hangar/MRO, student dormitory, auditorium, mechanical workshop, robotics workshop, indoor sports facility and technopreneur center.

• Design, build, finance and maintain the incomplete existing Tower A teaching building.

• Procure, install and commission equipment for new infrastructures and Tower A teaching building.

Sector: Education facilities Sub-Sector: Education facilities


Government Contracting Agency : Ministry of Research, Technology and Higher Education Contact Person : Mr. Bambang Hendrawan (Vice Director – Administration,Resources & Finance) +62-812-7729-596; e-mail: [email protected] Estimated Concession Period : 20 years


Tender for SPC : 2018 - 2019 3. Construction : 2019 - 2021 4. Operation : 2021 - 2038


Business Opportunity: Transaction advisor/bidder/financier Project Status: OBC has been completed through assistance by Bappenas and ADB

Indicative Government Support & Guarantee: Potentially using Availability Payment (AP). Guarantee by IIGF.

LOCATION MAP


BATAM POLYTECHNIC EDUCATION FACILITY DEVELOPMENT LOCATION: Batam City, Riau Province

UNDER PREPARATION

PENITENTIARY

1.Nusakambangan Industrial Correctional Facility (US$ 15.5 million)

2.Relocation of Correctional Facility (Under Calculation)

51

52

Description : • The project will combine the correctional facility with

productive activities such as livestock breeding. • The geographical advantage of Nusakambangan

supports this project as 210,000 ha of the island will be used for this project.

• The project aims to increase the value of the prison by adding economic production which is expected to promote regional economic growth.

Sector: Penitentiary Sub-Sector: Correctional facility


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


Tender for SPC : 2018 3. Construction : 2019 - 2020 4. Operation : N/A


Business Opportunity: Bidder/financier Project Status: OBC has been assisted by Bappenas and then continued by proposing Project Development Facility to Ministry of Finance for FBC development.


LOCATION MAP


INDUSTRIAL CORRECTIONAL FACILITY NUSAKAMBANGAN LOCATION: Central Java

53

Description : The relocation of the correctional facility in Salemba that is located in Central Jakarta to Ciangir, West Java Province (around 40 km from Jakarta) has the following objectives: (i) to solve the overcapacity problem in Salemba’s prison; (ii) current prison condition is no longer appropriate with the DKI Jakarta Spatial Plan; (iii) to accommodate the Government’s budget constraint for building prisons. Therefore, developing the correctional facility in Ciangir with an area of 30,000 m2 which could accommodate 5,000 prisoners, with medium security and open camp system is needed. Ciangir is near to Tigaraksa Industrial Estate, enabling the development of industrial prisons focusing on processing industry activities. The prison will provide programs and services by developing processing industry.


Government Contracting Agency : Ministry of Law and Human Right Contact Person : Mr. Aman Riyadi +62-21-3857611 ext. 205 / +62-81808230266; e-mail: [email protected] or [email protected] Estimated Concession Period : N/A





RELOCATION OF CORRECTIONAL FACILITY LOCATION: DKI Jakarta



Sector: Penitentiary Sub-Sector: Correctional facility

READY FOR TRANSACTION

ROAD

1.Semarang – Demak Toll Road (US$ 593.0 million)

2.Serang – Panimbang Toll Road (US$ 400.0 million)

3.Jakarta – Cikampek South Toll Road (US$ 1,029.2 million)

4.Probolinggo – Banyuwangi Toll Road (US$ 1,620.7 million)

54

55

Description : This toll road is a part of Trans-Java Toll Road which connects Semarang City’s west side, east side and south side. This highway is included in National Way Route 1.



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 : 35 years

Implementation Schedule (ETA): 1. FBC & Land Acquisition : 2017-2018 2. Pre-qualification : 2017-2018 3. Bidding and Evaluation : 2017-2018 4. Negotiation with Preferred Bidder : 2018-2019 5. Contract Award : 2018-2019


Indicative Government Support & Guarantee: Detail assessment of the required Government support and guarantee, in terms of form and scale, for the project is needed. It will be identified and specified in the subsequent studies.


SEMARANG – DEMAK TOLL ROAD LOCATION: Central Java


Length 25.25 km

Designed Speed 80 km/ hr

Number of Lane 2x2 2x3 double MCB

Lane Width 3.6 m

Outer Lane Width 3 m

Inner Lane Width 1.5 m

Median 5.5 m



56

Description : • Located in Banten Province where the toll reach from

Jakarta to Tanjung Lesung Special Economic Zone with approximately 83.9 km in length.

• One of the attractive points for development of this toll road is that it will have tremendous facilities, such as development of residential areas and commercial areas along the corridor.




Financial Feasibility: IRR : 13.96 % NPV : US$ 40.9 million

Business Opportunity: Transaction adviser/bidder/financier Project Status: Director General of PPR Ministry of Finance has issued Preliminary Confirmation Letter on AP scheme on PPP project dated July 24, 2017(Letter No S-71/MK.08/2017)

Indicative Government Support & Guarantee: Construction support from Government for

approximately 33 km; Several risks from the Government which can be

potentially guaranteed by IIGF.

LOCATION MAP


SERANG – PANIMBANG TOLL ROAD LOCATION: Banten

Implementation Schedule (ETA): Availability Payment (AP): 1. Preparation : 2016 2017 2. Larap, Land Acquisition &

Tender for SPC : 2017 2017 - 2018 3. Construction : 2018 2018 4. Operation : 2019 2019

Public

Service

Agency (BLU)

BPJT

Creditor



57

Description : The route of Jakarta – Cikampek II Toll Road is proposed at the south side of existing Jakarta – Cikampek Toll Road to avoid paddy field spreading widely on the north side.




Implementation Schedule (ETA): 1. FBC & Land Acquisition : 2017 - 2018 2. Pre-qualification : 2017 3. Bidding and Evaluation : 2017 4. Negotiation with Preferred Bidder : 2017 5. Contract Award : 2017


Indicative Government Support & Guarantee: Project’s authorization risk, construction delay risk and payment risk. Statement from Government to guarantee this project is also required.


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

Length 64 km

Designed Speed 80 - 120 km/ hr

Number of Lane 2x2 2x3 double MCB

Width 3.6 m

Outer Lane Width 3 m

Inner Lane Width 1.5 m




58

Description : Probowangi Toll Road is 172.91 km long, which connects South Ring Road in Banyuwangi. This toll road starts from Wongsorejo District (the border between Situbondo - Banyuwangi) and requires 257 ha of land which crosses 7 villages in Kraksaan and Ketapang.




Implementation Schedule (ETA): 1. FBC & Land Acquisition : 2017 - 2018 2. Pre-qualification : 2017 3. Bidding and Evaluation : 2017 4. Negotiation with Preferred Bidder : 2017 5. Contract Award : 2017


Indicative Government Support & Guarantee: Detail assessment of the required Government support and guarantee, in terms of form and scale, for the project is needed. It will be identified and specified in the subsequent studies.


PROBOLINGGO – BANYUWANGI TOLL ROAD LOCATION: East Java




ALREADY TENDERED

Available for Financing

1.Cisumdawu Toll Road (US$ 622.2 million)

2.Bandar Lampung Water Supply (US$ 80.0 million)

3.Nambo Regional Waste Management(US$ 44.4 million)

59

60

Description : The Cileunyi – Sumedang – Dawuan toll road project (Cisumdawu) is one of the infrastructure projects run by the Government. This 58.5 km toll road consists of 6 sections, which will support Kertajati Airport in West Java. This toll road will pass 7 areas, namely Cileunyi, Tanjung Sari, Sumedang, Cimalaka, Legok, Ujung Jaya and Kertajati.



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 : N/A

Implementation Schedule (ETA): 1. Preparation : 2016 2. Tender for SPC : 2017 3. Construction : 2018 4. Operation : 2019

Financial Feasibility: FIRR : 14.2 % NPV : US$ 19.0 million

Indicative Government Support & Guarantee: Construction support from Government for

approximately 29 km; Several risks from the Government is guaranteed by

IIGF.


CILEUNYI – SUMEDANG – DAWUAN TOLL ROAD LOCATION: West Java

Investor(s) : PT Citra Karya Jabar Tol

Financier :

Financial close on process

Business Opportunity: Engineering, Procurement and Construction (EPC) Project Status: Land acquisition and Construction.



61

Description : Bandar Lampung Water Supply was developed to improve water services to the citizens of Bandar Lampung City. The level of services is expected to be increased from 20% in 2015 to 46% in 2024 with sustainable access to safe drinking water. The capacity of the system is 750 L/sec and the system will serve 60,000 household connections. The service area will cover 8 districts in Bandar Lampung.



Government Contracting Agency : Local Government Owned Water Utilities (PDAM) Preparation Agency : PT SMI through PDF from Ministry of Finance Contact Person : Mr Supardji +62-721-483855; e-mail: [email protected] Estimated Concession Period : 25 years

Implementation Schedule (ETA): 1. FS : 2017 2. Bidding : Q3 - 2017 3. Evaluation and award : Q3 - 2017 4. Contract Signing : 2018 5. Financial Close & Construction : 2019


Indicative Government Support & Guarantee: The project will require VGF from the Ministry of Finance, financial project support from the Ministry of Public Works and Housing and the City Government of Bandar Lampung. Project guarantee from IIGF may be required.


BANDAR LAMPUNG WATER SUPPLY LOCATION: Bandar Lampung

Business Opportunity: Bidder/financier Project Status: Tender process (pre-qualification)


62

Description : West Java Province will develop green waste management technology which can produce RDF. This technology can process waste up to 1,500 ton per day.

Sector: Waste management infrastructure system Sub-Sector: Waste management infrastructure system


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

Implementation Schedule (ETA): 1. FS : 2014-2015 2. Bidding : 2015 3. Construction : 2017 4. Operation and Maintenance : 2019

Financial Feasibility: IRR : 13.6 % WACC : 11.8% NPV : US$ 4.8 million

Indicative Government Support & Guarantee: Tipping fee has been guaranteed through Local Government Regulation.


Nambo Regional Waste Management LOCATION: Bogor, West Java

Business Opportunity: Financier Project Status: PPP Agreement has been signed between GCA and SPV

Investor(s) : PT Jabar Bersih Lestari Consortium: Emsus, Enbicon, Forcabel, Kun Hwa (Korea) and PT Panghegar Energy Indonesia

Financier : Under financial close process


ALREADY TENDERED

Construction and Operation

1.Central Java Power Plant (US$ 4200 million)

2.Palapa Ring West Package (US$ 263.6 million)

3.Palapa Ring East Package (US$ 1065.2 million)

4.Umbulan Water Supply (US$ 140.7 million)

5.Manado - Bitung Toll Road (US$ 396.0 million)

6.Balikpapan - Samarinda Toll Road (US$ 767.0 million)

7.Pandaan - Malang Toll Road (US$ 99.0 million)

8.Krian - Legundi - Bunder - Manyar Toll Road (US$ 940.0 million)

9.Jakarta - Cikampek Elevated II Toll Road (US$ 1249.0 million)

10.Batang - Semarang Toll Road (US$ 850.0 million)

11.Serpong - Balaraja Toll Road (US$ 464.0 million) 63

64

Description : This project is the development of coal-fired power plant in Batang Regency, Central Java with capacity of 2x1000 MW. It is considered as the largest PPP electricity project by capacity in Asia.

Sector: Electricity Sub-Sector: Power plant

Estimated Project Cost : US$ 4.2 billion

Government Contracting Agency : Directorate General of Electricity, Ministry of Energy and Mineral Resources / PT Perusahaan Listrik Negara (Persero) Contact Person : Ms. Fani Vebriliona e-mail: [email protected] Concession Period : 25 years

Implementation Schedule (ETA): 1. FS & Land Acquisition : 2011 2. Bidding & Detail Design : 2011 3. Construction : 2016 - 2020 4. Operation : 2018

Financial Feasibility: IRR : 8.2 % EIRR : 15.2 %

Project Status:

• The project has reached financial close on June 6th 2016

with PT Bhimasena Power Indonesia as the investor

• Construction progress has reached 25% by September 2017

Indicative Government Support & Guarantee: Land acquisition, Capacity Payment (CP) and Availability Payment (AP). Guarantee by IIGF.

LOCATION MAP

Project Structure

CENTRAL JAVA CFPP 2 X 1000 MW LOCATION: Central Java

Investor(s) : Consortium of J-Power, Adaro Power, Itochu

Corporation;

Financier :

PT Bank Mandiri


65

Sector: Telecommunications and informatics Sub-Sector: Fiber optic


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

Implementation Schedule (ETA): 1. Construction : 2017-2018 2. Operation : 2019-2033

Financial Feasibility: IRR : 15,1 % NPV : US$ 9.1 million

Indicative Government Support & Guarantee: Payment mechanism: Availability Payment (AP). Government guarantee by IIGF.

LOCATION MAP


PALAPA RING WEST PACKAGE LOCATION: Sumatera and Kalimantan Barat

Project Status: Project currently under construction

Description : Development of fiber optic-based broadband telecommunication network which will connect Riau Province, Riau Islands and the Natuna Island off Sumatera with a total length of about 2,275 km. Investor(s) : Consortium of PT Mora Telematika Indonesia and PT

Ketrosden Triasmitra

Financier :

PT Bank Mandiri


66

Description : Development of fiber optic-based broadband 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.

Sector: Telecommunications and informatics Sub-Sector: Fiber optic

Estimated Project Cost : US$. 1,065.2 million

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

Implementation Schedule (ETA): 1. Construction : 2017-2018 2. Operation : 2019-2033



Indicative Government Support & Guarantee: Payment mechanism: Availability Payment (AP). Government guarantee by IIGF.

LOCATION MAP


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

Investor(s) : Consortium of PT Mora Telematika Indonesia, PT Infrastruktur Bisnis Sejahtera, PT Inti Bangun Sejahtera, PT Smart Telecom Financier :

Syndication of PT Bank BNI ICBC Indonesia, Bank Papua

Bank Malukumalut and Bank Sulsebar


67

Description : The Umbulan Water Supply Project aims to increase the water supply capacity to meet the demand in the East Java Province. The capacity of the drinking water is 4,000 L/ps at Gresik Regency, Surabaya City, Pasuruan City, Pasuruan Regency and PDAM (Industrial Area) connecting approximately 320,000 households.



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

Implementation Schedule (ETA): 1. Preparation : 2011-2016 2. Larap, Land Acquisition &

Tender for SPC : 2016-2017 3. Construction : 2017-2019 4. Operation : 2020

Financial Feasibility: IRR : 14.0 % FIRR : 14.0 % NPV : US$ 34.2 million

Indicative Government Support & Guarantee: The project is supported by VGF from the Ministry of Finance, financial project support from the Ministry of Public Works and Housing and the Government of East Java. Project guarantee by IIGF.

LOCATION MAP


UMBULAN WATER SUPPLY LOCATION: East Java


Investor(s) : Consortium of Bangun Cipta Kontraktor and Medco Energy International

Financier :

PT IIF and PT SMI (Persero)

68

Description : This toll road is one of the longest in Northern Sulawesi connecting from Manado City to Bitung City, approximately 39.9 km in length.







Indicative Government Support & Guarantee: Necessity: - Land acquisition risk - Land fund risk - Tariff adjustment risk - Ramp up period - Political risk - Termination risk

LOCATION MAP


MANADO – BITUNG TOLL ROAD LOCATION: North Sulawesi

Project Status: Project is currently on land acquisition stage and under construction

Investor(s) : 1. PT Jasa Marga (Persero) Tbk.; 2. PT Wijaya Karya (Persero) Tbk.; 3. PT Pembangunan Perumahan (Persero) Tbk.

Financier :

Refinance BNI, BCA, Bank Mandiri and PT SMI



69

Description : This 99 km toll road will connect the two largest cities in East Kalimantan, Balikapapan and Samarinda. This project is divided into two sections, Section 1 consists of Package 1 (25.07 km) and Package 5 (11.09 km) and Section 2 consists of Package 2 (23.26 km), Package 3 (21.9 km) and Package 4 (17.7 km).








LOCATION MAP


BALIKPAPAN - SAMARINDA TOLL ROAD LOCATION: East Kalimantan

Investor(s) : 1. PT Jasa Marga (Persero) Tbk.;

2. PT Wijaya Karya (Persero) Tbk.;

3. PT Pembangunan Perumahan (Persero) Tbk.;

4. PT Bangun Tjipta Sarana.

Financier :

Financial close through Contractor Pre-Financing (CPF)




70

Description : Pandaan - Malang toll road is designed to improve connectivity in the region. In addition, Pandaan – Malang toll road is expected to facilitate industrial transportations from Pandaan to Malang which are connected directly to Surabaya, and vice versa.








LOCATION MAP


PANDAAN - MALANG TOLL ROAD LOCATION: East Java


2. PT Pembangunan Perumahan (Persero) Tbk.;

3. PT Sarana Multi Infrastruktur (Persero).

Financier :

Refinancing with syndication of BNI, BCA and Bank

Mandiri




71

Description : • Part of the Trans-Java Toll Road located in East Java

with length at approximately 38.2 km from Krian to Manyar.

• One of the attractive points for development of this toll road is that it will have tremendous facilities, such as development of residential areas and commercial areas along the corridor.







Indicative Government Support & Guarantee: Necessity: project’s authorization risk, construction delay risk, payment risk and guarantee statement from Government.

LOCATION MAP


KRIAN - LEGUNDI - BUNDER - MANYAR TOLL ROAD LOCATION: East Java

Project Status: Project is currently under land acquisition stage and under construction

Investor(s) : 1. PT Waskita Toll Road (55%);

2. PT Energi Bumi Mining (25%);

3. PT Panca Wira Usaha Jawa Timur (20%);

Financier :




72

Description : The project is an elevated 36.4 km toll road to be built over the existing Jakarta - Cikampek toll road, which is being operated by PT Jasa Marga. The Jakarta - Cikampek road is part of the Trans-Jakarta toll road network connecting Jakarta and Surabaya. The existing road’s capacity has already been reached, but there are limitations to widening it thus the proposed solution is to expand the road’s capacity by building over it.




Implementation Schedule (ETA): 1. Preparation : 2015 2. Tender for SPC : 2016 3. Construction : 2017 - 2019 4. Operation : 2019


Indicative Government Support & Guarantee: - Political risk - Termination risk - Tariff adjustment

LOCATION MAP


JAKARTA - CIKAMPEK ELEVATED II TOLL ROAD LOCATION: Jakarta – West Java

Project Status: Under construction

Investor(s) : 1. PT Jasa Marga (Persero) Tbk. (80%);

2. PT Ranggi Sugiron Perkasa (20%).

Financier :

Syndication of bank on investment credit



73

Description : Batang - Semarang Toll Road (74.2 km) is a section of the Trans-Java Toll Road Network that will connect Jakarta and Surabaya. Batang is a regency on the north coast of Central Java Province while Semarang is the largest and capital city of Central Java Province.






Indicative Government Support & Guarantee: - Political risk - Land fund - Land acquisition - Tariff adjustment

LOCATION MAP


BATANG - SEMARANG TOLL ROAD LOCATION: Central Java

Project Status: This project has reached financial close, currently under land acquisition stage and under construction


2. PT Waskita Toll Road.

Financier :




74

Description : Serpong-Balaraja Toll (30 km) is part of the Jabodetabek road network. This toll road is located in Banten Province and will support rapid development in that area.



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


Financial Feasibility: FIRR : 15.89% NPV : ± US$ 231.0 million

Indicative Government Support & Guarantee: - Political risk - Land acquisition - Tariff adjustment

LOCATION MAP


SERPONG-BALARAJA TOLL ROAD LOCATION: Banten

Business Opportunity: Financier Project Status: Financial close, land acquisition and under construction

Investor(s) : 1. PT Bumi Serpong Damai;

2. PT Astratel Nusantara;

3. PT Transindo Karya;

4. PT Sinar Usaha Mahitala.

Financier :

Syndication between PT Bank Mandiri, PT Bank BNI and

PT SMI



PINA PROJECTS

INVESTMENT OPPORTUNITIES IN PINA There are currently 5 PINA Categories Projects available for investment

76 • PINA Center for Private Investment, * In Process TBC as per August 31, 2017

Sectors* PINA Project Name & Status

Number of Projects

Project Cost (IDR) Project Cost (US$) Additional Information

Waskita - Toll Road South Sumatera, North Sumatera & Greater Jakarta.

3 26.4 trillion 2,000.0 million • Total 760 km • Status: Under preparation

Hutama Marga Waskita - Toll Road – North Sumatera.

1 13.4 trillion 1,010.0 million • Total 98 km • Status: Under preparation

West Java International - Airport (Phase 1) Kertajati, West Java.

1 2.1 trillion 170.0 million • International Airports • Status: Ready to offer

PP Energi - Power Plant, Meulaboh, Aceh.

1 7.5 trillion 570.0 million • Total capacity 410 MW • Status: Under preparation

Gas-Fired Diesel Power Plant, Pesanggaran, Bali.

1 2.0 trillion 152.6 million • Total capacity 200 MW • Status: COD on 2015

Various types of Power Plants of PT PJB

10 118.1 trillion 8,950.0 million • Total Capacity 6,510 MW

R80 Turboprop Airplane 1 26.4 trillion 2,000.0 million

• The development of the R90 turboprop regional airplane that carries 80-90 passengers

Tananaga – Land of Dragon – Labuan Bajo, Flores 1 13.2 trillion 1,000.0 million

• An integrated Eco-Tourism destination supported with Smart City concept

Total 19 209.1 trillion 15,902.6 million

Toll-road

Airport

Power Plant (IPP)

Aerospace*

Integrated

Tourism Resort

77

Description : • SRIMP is the toll-road business agency that owns the

Kayuagung – Palembang – Betung toll road concession (South Sumatera province). This section is a highway toll road with total length of 111.7 km. Kayuagung – Palembang – Betung has 3 sections under construction and land acquisition process. The first section is expected to operate in June 2018. The second and third section are expected to operate in April 2019.

• The Kayuagung – Palembang – Betung toll road is the back bone of the Trans-Sumatera toll road, which will be connected to other toll roads operated by affiliated companies.


Estimated Investment Cost : US$ 1,085 billion

Company : PT Waskita Toll Road Contact Person : Joko W. Widodo (CFO) +6281286133745; e-mail: [email protected] Concession Period : 40 years Total Length : 111.7 km

Implementation Schedule (ETA): 1. Preparation : 2016 2. Land Acquisition & Tender for SPC : 2016 3. Construction : 2016-2019 4. Operation : First section on June

2018, second and third section on April 2019

Financial Feasibility: IRR : 16% Payback Period : 12 years

Toll Road Concession Agreement: - Tariff adjustment

Ownership Structure

1. SRIWIJAYA MARKMORE PERSADA (SRIMP) LOCATION: Kayuagung – Palembang – Betung

Business Opportunity: Direct selling of 98% shares of PT Waskita Toll Road in SRIMP, including some of the construction Project Status: Ready to offer

Investor(s) : 1. PT Waskita Toll Road (98%);

2. PD Bende Segukguk (1%);

3. PD Prodexim (1%).


78

Description : JMKT is the toll-road business agency that owns the Medan – Kualanamu – Tebing Tinggi toll road concession (North Sumatera province). This section is a highway toll road with total length of 61.8 km, where 17.8 km is developed by the Government. Medan – Kualanamu – Tebing Tinggi toll road has 7 sections. The second to sixth section are expected to operate by September 2017. The first section is expected to operate by the first quarter of 2018. The seventh section is expected to operate by the third quarter of 2018.


Estimated Investment Cost : US$ 303 million

Company : PT Waskita Toll Road Contact Person : Joko W. Widodo (CFO) +62-81286133745; e-mail: [email protected] Concession Period : 40 years Total Length : 61.8 km

Implementation Schedule (ETA): 1. Preparation : 2015 2. Land Acquisition &

Tender for SPC : 2015 3. Construction : 2017 - 2018 4. Operation : Section 2 – 6 on

September 2017, Section 1 on first quarter of 2018 and Section 7 on third quarter of 2018

Financial Feasibility: IRR : 14,9% Buyback Period : 19 years

Toll Road Concession Agreement: - Land acquisition - Tariff adjustment - Land fund

2. JASA MARGA KUALA NAMU TOLL (JMKT) LOCATION: Medan – Kualanamu – Tebing Tinggi

Business Opportunity: Direct selling of 30% shares of PT Waskita Toll Road in JMKT Project Status: Ready to offer

Investor(s) : 1. PT Jasa Marga (Persero) Tbk. (55%);

2. PT Waskita Toll Road (30%);

3. PT Pembangunan Perumahan (Persero) Tbk. (15%).


79

Description : • KKDM is the toll-road business agency that owns the Bekasi

– Cawang – Kampung Melayu toll road concession. This section is a highway toll road with the total length of 14.5 km. Bekasi – Cawang – Kampung Melayu or Becakayu has 2 sections..The first section (B and C sub-section) with the length of 8 km, is expected to operate in October 2017. The first section (A sub-section) with length of 3 km, is expected to operate in March 2018. The second section with length of 3.5 km is expected to operate in March 2019.

• The Bekasi – Cawang – Kampung Melayu toll road will be the most preferable route connecting downtown and eastern part of Jakarta.



Company : PT Waskita Toll Road Contact Person : Joko W. Widodo (CFO) +62-81286133745; email: [email protected] Concession Period : 45 years Total Length : 14.5 km


Tender for SPC : 2014 3. Construction : 2014 - 2019 4. Operation :

First Section (B and C sub-section) on October 2017, (A sub-sction) on March 2018, Second Section on March 2019

Financial Feasibility: IRR : 15,51% Payback Period : 13 years

Toll Road Concession Agreement: - Land acquisition - Tariff adjustment - Land fund

3. KRESNA KUSUMA DYANDRA MARGA (KKDM) LOCATION: Bekasi – Cawang – Kampung Melayu

Business Opportunity: Direct selling of 98,97% shares of PT Waskita Toll Road in KKDM Project Status: Ready to offer

Investor(s) : 1. PT Waskita Toll Road (98.97%);

2. PT Jasa Marga (Persero) Tbk. (1.03%).

Ownership Structure


4. HUTAMA MARGA WASKITA TOLL ROAD Company and Project Overview

80 • Sources: PT Hutama Marga Waskita, PINA Center for Private Investment

A. COMPANY PROFILE

• PT. Hutama Marga Waskita (HMW) is a subsidiary of Hutama Karya in toll road business. Hutama Karya as a holding is assigned by mandate to develop and operate Trans-Sumatera Toll Road.

• HMW is an SPV for Kuala Namu - Tebing Tinggi – Parapat Toll Road with the total length of 98.5 km.

• HMW is owned by 3 national SOEs: Hutama Karya, Jasa Marga and Waskita:

Projects

40% 30% 30%

B. PROJECT OVERVIEW

Project : Name Length : Concession : Start Operation : Start Concession : Period Total Cost :

Kuala Tanjung – Tebing Tinggi – Parapat Toll Road 98.5 km 2016 2021 40 years IDR 13.45 trillion (US$ ~ 1 billion)

INVESTMENT OPPORTUNITIES IN HMW

• Kuala Tanjung – Tebing Tinggi – Parapat Toll Road is already proposed as National Strategic Project and will be supported by Government policies and facilities (including 50 km VGF)

• Kuala Tanjung – Tebing Tinggi – Parapat Toll Road will support the connectivity for Kuala Tanjung Port and Kualanamu International Airport

• Key access to support Toba Lake Tourism Destination Area in South Sumatera

4. HUTAMA MARGA WASKITA TOLL ROAD Indicative Structure and Investment Objective


D. INVESTMENT OBJECTIVE

Investment : Required Use of : Funds Capital Structure of Projects Target : Financial Close

Equity financing HMW up to IDR ~4 trillion or US$ 300 million (assuming 50 km using VGF) Financing equity portion of HMW in projects • 30% equity • 70% debt 2017

Contact: Wikumurti (Director) Mobile : +6281298508229 E-mail : [email protected]

C. INDICATIVE STRUCTURE 2 (two) options of financing instruments are being considered: 1. Discretionary Funds/RDPT (RDPT issued by HMW, RDPT directly invest to HMW project, new investors participate through RDPT)

2. Perpetuity Notes (Bonds Issued by Hutama Karya and fund will pass through to HMW)

New Investors Perpetuity

Notes

Project

New Investors

RDPT Equity

Project

PRELIMINARY

4. HUTAMA MARGA WASKITA TOLL ROAD Project location


Range

Range

Toll Road

Additional route

4. HUTAMA MARGA WASKITA TOLL ROAD Project Location


Preliminary Basic Design Alternative Basic Design

Preliminary Basic Design

Alternative Basic Design

Preliminary Basic Design

Trace Survey of Tebing Tinggi - Parapat toll road

5. WEST JAVA INTERNATIONAL AIRPORT PHASE-I Company and Project Overview

84

A. COMPANY PROFILE

• PT Bandarudara Internasional Jawa Barat (PT BIJB) was founded in 2014 and fully owned by West Java Provincial Government.

• PT BIJB is responsible for land development and airport development and operation, also developing Aerocity area which is integrated with the Airport.

• Based on West Java Province regulation, PT BIJB ownership consists of West Java Province Government and Jasa Sarana (also owned by West Java Province Government):

B. PROJECT OVERVIEW INVESTMENT OPPORTUNITY IN BIJB

• Ministry of Transportation already opens airport sector for private investment

• West Java economy and tourism are growing rapidly, in 2016 West Java’s economic growth is at 5.76% and tourism growth at 17%

• Kertajati Aerocity development will push PT BIJB’s Traffic and Business

• Feasibility of PT BIJB Airport project:

IRR (Project) 20%

IRR (Equity) 22%

NPV US$ 172 million

Payback Period 6 years

Construction finished 2017

Terminal capacity 5.6 Million Pax

Land development 1,000 Ha

Terminal Area 96,280 m2

Runway 1 7,000 m2

Runway 2 3,000 m2

Taxi Way 15 Unit

Aircraft Parking Stand 14 Unit

• Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment

5. WEST JAVA INTERNATIONAL AIRPORT PHASE-I Indicative Structure and Investment Objective

85


Investment : Required Investment Denomination : Use of Fund : Capital Structure Of Project : Preferred Instrument : Minimum : Investment Target Performance Contact :

For Phase 1 development of PT BIJB’s Airport, investment required IDR 942 billion (US$ 70 million) Rupiah (IDR) Phase 1 PT BIJB Development • 70% equity (33% from

RDPT) • 30% debt RDPT equity (RDPT Dirgantara 1) IDR 50 billion (US$ 3.7 million) per Investor 15% (non-compounded) & Min 7% guaranteed by PT Jasa Sarana Buy back by PT BIJB

C. INDICATIVE STRUCTURE

PT BIJB already issued Discretionary Funds/RDPT (Reksadana Penyertaan Terbatas);

‘RDPT’ will invest directly to PT BIJB, to finance PT BIJB Phase 1 development;

Potential investor can participate by investing through subscription of the RDPT instrument.

Investment : Period Exit Strategy : Financial Advisor : Investment Management :

5 – 10 years • Strategic sales or

Exercise put options

• Public offering

PT Sarana Multi Infrastructure PT Danareksa Investment Management

New Investor

RDPT Equity

Project

Contact: Victor Edward (EVP, Head of Loan Syndication and Structure Division PT Sarana Multi Infrastructure) Mobile : +62-812 9054 360 Email : [email protected]

• Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment

5. WEST JAVA INTERNATIONAL AIRPORT PHASE-I Project Progress by July 5th 2017

86 • Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment

5. WEST JAVA INTERNATIONAL AIRPORT PHASE-I Project Progress by July 5th 2017

87 • Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment

6. PP ENERGI POWER PLANTS Company and Project Overview

88 • Sources: PT PP Energi, PINA Center for Private Investment

A. COMPANY PROFILE B. PROJECT OVERVIEW

• PT PP Energi is a subsidiary of PT Pembangunan Perumahan (Persero), PP Energi was founded in 2016.

• PP Energi focuses in the energy sector, with specialization in Engineering, Procurement and Construction (EPC), PP Energi also acts as investor and Independent Power Producer (IPP)

Projects Projects Projects

100%

INVESTMENT OPPORTUNITY IN PP ENERGY POWER PLANT PROJECTS

• Coal-Fired Power Plant Meulaboh is already part of RUPTL (Electricity Supply Business Plan) PLN 2016-2025 and 35.000 MW Mega Project which is supported by Government policies

• Other than Coal-Fired Power Plant Meulaboh, PP Energy is currently conducting development of several on-going project pipelines, such as PLTSa (WTE) Surakarta.

Project : Name Capacity : Transmission : Connection Location : SPV Name : Project Cost :

Coal-Fired Power Plant Meulaboh 2x200 MW 275 Kv Nagan Raya Meurebo, West Aceh n/a (PP Energi 24%, CDTO & Sewatama 76%) IDR 7.1 trillion/ US$ 540 million

Lokasi PLTU Meulaboh/Nagan

Raya 3&4

6. PP ENERGI POWER PLANTS Indicative Structure and Investment Objective

89 • Sources: PT PP Energi, PINA Center for Private Investment


Investment : Objective Use of : Funds Capital : Structure of Project Preferred : Instrument

• IDR ~2 trillion (US$ 162 million)

• Equity financing for

Coal-Fired Power Plant Meulaboh and project pipelines

• 30% equity • 70% debt

• Limited Participation

Mutual Fund (RDPT Equity)

• Perpetuity Notes

Contact : Supri (CFO/Director) Mobile : 0813 2611 9977 Email : [email protected]

C. INDICATIVE STRUCTURE

2 options of financing instruments are considered: 1. Limited Participation Mutual Fund/RDPT (RDPT issued by PP Energi, RDPT directly invests top energy project, new investors participate through RDPT)

2. Perpetuity Notes (Bonds issued by PP and fund will pass through to PP Energi)

New Investors Perpetuity

Notes

Projects

New Investors

RDPT Equity

Projects Projects Projects

Location : Denpasar, Bali

Investor : PT Indonesia Power Financier : Equity by PT Indonesia Power

Sector : Energy Sub Sector : Power generation

Government Contracting Agency : PT Indonesia Power Contact Person : Hermanugroho +628161927100; e-mail: [email protected]

Estimated Project Cost : IDR 15.3 million

Financial Feasibility Based on Feasibility Study : IRR : 15% NPV : IDR 317.63 billion

Implementation Schedule ( ETA ) : COD on June 2015


Business Opportunity : Financier Project Status : COD on June 2015

Project Scheme

7. Project Profile Gas-Fired Diesel Power Plant Pesanggaran 200 MW – Bali

Source: PINA Center for Private Investment 90

PJB’S PROJECTS

91

51,0%

BPI Invest-ment Investment EPC O&M

O&M IPP IPP IPP

Human Resource Supplier

Certification of Competence

Engineering Consultant

IPP PLTU Mamuju

IPP PLTU Jawa 7

Sub Subsidary

Affiliate

Subsidiary 99,99% 0,01 %

100%

98,0% 98,9% 99,8% 73,0%

49,0% 36,6% 29,1% 49,0%

10 % O&M PLTU Jawa 7

PLN-SC

Corporate Structure of PJB Group

30 %

30 %

92

Existing PJB Power Plant

Cirata Hydroelectric Power Plant 1.008 MW + Solar Power Plant 1 MW

Muara Karang Combined-Cycle Power Plant, Steam Power Plant (Gas/HSD) 909 MW

Brantas Hydroelectric Power Plant

281 MW Paiton

Coal-Fired Power Plant 800 MW

Muara Tawar Block 1,2 Combined-Cycle Power Plant, Gas Power Plant (Gas/HSD) 1,760 MW

Gresik Combined-Cycle Power Plant, Steam Power Plant

(Gas/HSD) 2,219 MW

Java

Bali

Bawean Gas Engine Power Plant 3 MW

1 93

Coverage of Power Plant Pipeline PJB

Coal-Fired Steam PP MT Kalselteng 3



Steam Gas PP Jawa 3 Steam Gas PP Jawa 5

Steam Gas PP MT Riau 1

Steam Gas PP MT Sumsel 6

Steam Gas PP Sumbagut 1,3,4

Steam Gas PP Belawan 3,4

Total Project Value : US$ 8.95 billion

94

95 Source: PINA Center for Private Investment

8. IPP Coal Steam Power Plant – Mine Mouth Kalselteng 3 Location : Katingan Regency, Central Kalimantan Province

Description : The development IPP Coal Steam Power Plant – Mine Mouth Kalselteng 3 (2 x 100 MW) in Central Kalimantan Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT).

Sector: Energy Sub-Sector: Power generation

Estimated Project Cost : US$ 400 million

Company Contact Person Estimated Concession Period

Implementation Schedule (ETA): 1. Feasibility Study 2. EPC preparation 3. COD

: 2017 : 2017 : 2019

Financial Feasibility: IRR FIRR NPV

: N/A : N/A : N/A

Business Opportunity: Strategic partner, investor & financier

Project Status: Project currently under feasibility study and EPC preparation

Indicative Government Support & Guarantee: PLN as off taker.

LOCATION MAP


Investor(s) : -

Financier :

Private equity, infrastructure finance institution and banks.

FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor

: PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto +62-81326352269; e-mail: [email protected] : -








: 2017 : 2017 : 2019


: N/A : N/A : N/A




LOCATION MAP


Investor(s) : -

Financier :


FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor






Estimated Project Cost : US$ 1,000 million



: 2017 : 2017 : 2019


: N/A : N/A : N/A




LOCATION MAP


Investor(s) : -

Financier :


FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor



11. IPP Coal Steam Power Plant – Mine Mouth Sumsel 6 Location : Muara Enim Regency, South Sumatera Province

Description : The development IPP Coal Steam Power Plant – Mine Mouth Sumsel 6 (2 x 300 MW) in Central Sumatera Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT).





: 2017 : 2017 : 2019


: N/A : N/A : N/A



Indicative Government Support & Guarantee: PLN as off taker

LOCATION MAP


Investor(s) : -

Financier :


FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor



12. IPP Coal Steam Power Plant – Mine Mouth Riau 1 Location : Indragiri Hulu Regency, Riau Province

Description : The development IPP Coal Steam Power Plant – Mine Mouth Sumsel 6 (2 x 300 MW) in Central Sumatera Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT).




Implementation Schedule (ETA): 1. FS preparation 2. COD

: 2017 : 2019


: N/A : N/A : N/A


Project Status: Project currently under feasibility study preparation


LOCATION MAP


Investor(s) : -

Financier :


FUEL SUPPLY: Coal: Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor


100 • Sources: PINA Center for Private Investment

Description : The development IPP Steam Power Plant – Jawa 5 (2 x 1000 MW) in Banten Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT).






: 2017 : 2018 : 2021

Financial Feasibility:

IRR FIRR NPV

: N/A : N/A : N/A




LOCATION MAP


Investor(s) : -

Financier :


FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor

13. JAVA BALI POWER PLANT – IPP BANTEN STEAM POWER PLANT (JAWA 5) Location : Kramatwatu Village, Serang Regency, Banten Province


Description : The development IPP Steam Gas Power Plant – Sumbagut 1,3,4 (800 MW) in Industrial Area, Medan City, North Sumatera Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT).





: 2017 : 2018 : 2020


IRR FIRR NPV

: N/A : N/A : N/A




LOCATION MAP


Investor(s) : -

Financier :


FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor

14. JAVA BALI POWER PLANT – IPP SUMBAGUT STEAM GAS POWER PLANT (SUMBAGUT 1,3,4) Location : Industrial Area, Medan City, North Sumatera Province.



Description : The development IPP Steam Gas Power Plant – Jawa 3 (800 MW) in Sidokurum Village, Gresik Regency, East Java Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT).





: 2017 : 2018 : 2020


IRR FIRR NPV

: N/A : N/A : N/A


Project Status: Project feasibility study has been done and EPC preparation


LOCATION MAP


Investor(s) : -

Financier :


FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor

15. JAVA BALI POWER PLANT – IPP JAVA STEAM GAS POWER PLANT (JAWA 3) Location : Sidokurum Village, Gresik Regency, East Java Province.



16. IPP Steam Gas Power Plant – Riau 2 Location : Indragiri Hulu Regency, Riau Province

Description : The development IPP Steam Gas Power Plant – Riau 2 (250 MW) in Riau Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT).




Implementation Schedule (ETA): 1. COD

: 2022


: N/A : N/A : N/A


Project Status: Land assessment and gas contract preparation



Investor(s) : -

Financier :


FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor



17. IPP Steam Gas Power Plant – Belawan 3 & 4 Location : Indragiri Hulu Regency, North Sumatera Province

Description : The development IPP Steam Gas Power Plant – Belawan 3 & 4 (860 MW) in North Sumatera Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT).




Implementation Schedule (ETA): 1. COD

: 2021/2023


: N/A : N/A : N/A


Project Status: Pre-feasibility study preparation

Indicative Government Support & Guarantee: PLN as off taker


Investor(s) : -

Financier :


FUEL SUPPLY: Coal:

Coal miner

51 %

49 % investor

OFF TAKER: PT PLN

(Persero)

EPC Contractor



18. R80 TURBOPROP REGIONAL AIRPLANE – PT REGIO AVIASI INDUSTRI (PT RAI) Location : Bandung & Kertajati, West Java

Sector: Transportation Sub-Sector: Aircraft industry

Estimated Project Cost : US$ 1.5 billion

Government Contracting Agency Contact Person

Estimated Concession Period

: PT Regio Aviasi Industri : Mr. Desra F Ghazfan, CIO

+62 811 11 33 77 2; e-mail: [email protected] or [email protected] : Until 2039

Implementation Schedule (ETA): 1. Full-Scale Development: 2017 - 2025

2. First Flight: 2022 3. Certification Granted: 2025 4. First Aircraft Delivery: 2025


: 13.85% : 16.48% : US$ 3 billion



Business Opportunity: Transaction adviser/bidder/financier

Project Status: Phase 2.1 – Preparation for full-scale development

Description :

The lowest operating cost in its class, R80 offers high dispatch reliability, advanced avionics for increased safety, high comfort for passengers and it is environmentally friendly. Planned for first flight in 2022 and first delivery in 2025, four airlines has signed their intentions to purchase a total of 155 aircrafts.

This is once-in-a-lifetime opportunity to invest in an aircraft design and manufacturing company in Indonesia. Led by the visionary Prof Dr.-Ing. B.J. Habibie, PT Regio Aviasi Industri (RAI) is a company established to reposition Indonesia in the map of aviation industry by offering the R80, a 80-92 seats regional turboprop aircraft.

Investor(s) : N/A

Financier : N/A

Strategic Partners

Financial Investors

Risk-Sharing Partners

R80 Aircraft Program

Export Aircraft Credit Sales

Airlines Aircraft Leasing

Whitetail

- UK Export Finance - Federal Export Credit Guarantee of Germany





19. TANANAGA – LAND OF DRAGON Location : Labuan Bajo – Flores, East Nusa Tenggara

Description : An integrated Eco-Tourism destination supported with Smart City concept (Digital Technology Platform). Total development area is 1000 hectares.

Sector: Tourism destination Sub-Sector: Eco tourism with Smart City concept

Estimated Project Cost : US$ 1 billion


: Flores Prosperindo, Ltd : Mr. Alfonso Pardede +62 812 126 777 99 : 15 years

Implementation Schedule (ETA): 1. Construction 2. Operation

: 2018-2020 : 2020-2035


: ± 14% : N/A : N/A

Business Opportunity: Strategic Partner, Investor, Operator & Financier

Project Status: Project currently under planning development

Indicative Government Support & Guarantee: Masterplan for Infrastructure and SEZ – Special Economic Zone Status

LOCATION MAP


Investor(s) : ENGIE (Renewable Energy), GE, Azerai (Hotel & Resorts) and others

Financier :

Private Equity and Banks

infrastructure projects pipelinekpsrb.bappenas.go.id/data/filedownloadbahan/digest iiif 2017... ·...

Documents