Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) EAST ASIA AND PACIFIC | Indonesia | Public Private Partnership Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 3 | ARCHIVED on 28-Feb-2018 | ISR30850 | Implementing Agencies: Ministry of Finance, Republic of Indonesia, Ministry of Finance Key Dates Key Project Dates Bank Approval Date:22-Apr-2016 Effectiveness Date:25-Apr-2016 Planned Mid Term Review Date:29-Jun-2018 Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2020 Revised Closing Date:31-Dec-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Program Development Objectives (PDO) for IIFD is to assist Indonesia in closing its large public infrastructure gap by supporting the flow of private capital into infrastructure development and improving the institutional, legal and regulatory framework to enhance the ability of private capital and public institutions to work together for infrastructure Development. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Pillar 1: Strengthening Agencies:(Cost $2.34 M) Pillar 2: Legal and Regulatory Frameworks:(Cost $0.30 M) Pillar 3: Project Selection, Preparation and Transaction:(Cost $3.65 M) Pillar 4: Inter-Agency Coordination:(Cost $0.74 M) Unallocated:(Cost $1.24 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory 2/28/2018 Page 1 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Overall Risk Rating  Moderate  Low Implementation Status and Key Decisions RETF activities in 2017 supported the PDO, it focused to increase capacity of government's staff (MOF, BAPPENAS, GCAs). Several overseas (Toronto, London, Hong Kong, Melbourne, Singapore) courses and trainings on Project Finance, PPP fundamentals and Advance PPPs, Project Management were undertaken. The training and workshops in country (Medan, Makasar, Pekanbaru, Jakarta) addressed specific issues related to the projects such as PDF process, risk assessment, application of the AP scheme, and technical issues on West Semarang and Pekanbaru Water Supply projects, and LRT project in Medan. Moving forward a need Training Need Assessment will be performed by MOF and submitted to the Bank. MOF has mobilized 2 individual experts (Finance and Legal) to help MOF in reviewing appraising government support proposal from GCAs and helping them in reviewing MOF guidelines; Environment and Social Management Framework discussion took place in January 2018 between safeguard team and MOF PPP Unit; The proposed Projects Operation Manual of RETF IIFD will be discussed in Jan- February 2018 between the Bank and MOF. To strengthen project management, MOF will mobilize a consultant firm to help them managing the IIFD. MOF will mobilize the consultant firm to support MOF PPP Unit and Joint Office for project development, help Joint Office for OBC preparation, government support and PDF advices. The 2018 work program for the MOF PPP Unit will include: (a) 2 consultants firms that will provide the operation of the Project Management Unit (PMU); and (b) Support for the MOF PPP Unit ad Joint Office for project developments and operations. in addition, the procurement committee will start preparation of the procurement process such as TOR development in February 2018. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  Moderate  Low Macroeconomic  Moderate  Low  Low Sector Strategies and Policies  Moderate  Moderate  Low Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  Moderate  Low Fiduciary  Moderate  Moderate  Moderate Environment and Social  Moderate  Moderate  Moderate Stakeholders  Moderate  Moderate  Low Other  Low  --  Low Overall  Moderate  Moderate  Low Results Project Development Objective Indicators 2/28/2018 Page 2 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) PHINDPDOTBL  Support the Government in Private/ PPP investment in infrastructure (Water, Telecom, energy, transportation) as percent of GDP (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.59 0.59 0.55 1.59 Date 30-Sep-2014 26-Jan-2016 29-Dec-2017 31-Dec-2020 PHINDPDOTBL  Amount of PPP investment in infrastructure (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 327,400,000.00 5,688,148,148.50 5,501,280,597.00 613,900,000.00 Date 30-Sep-2014 26-Jan-2016 28-Dec-2017 31-Dec-2020 Overall Comments There are 13 projects that had reaching financial closure and under construction at the end 2017 (refer to Echelon 1 Presentation of PPP Joint Office, October 3, 2017), they are: A. Financial Closed in 2016: (i) Manado ‐ Bitung Toll Road; (ii) Balikpapan ‐ Samarinda Toll road; (iii) Pandaan ‐ Malang Toll Road; (iv) Krian ‐ Legundi ‐ Bunder ‐ Manyar Toll Road; (v) Batang ‐ Semarang Toll Road; (vi) Serpong ‐ Balaraja Toll Road; (vii) Central Java Power Plant; (viii) Palapa Ring (West) 2. Financial Closed in 2017: (i) Jakarta ‐ Cikampek Elevated II Toll Road, (ii) Umbulan Water Supply; (iii) Palapa Ring (East) (iv) Palapa Ring (Central); (v) Cisumdawu Toll Road. Intermediate Results Indicators PHINDIRITBL  Sucessfully Piloted Initial PPP Projects (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 9.00 13.00 1.00 Date 30-Sep-2014 26-Jan-2016 28-Dec-2017 31-Dec-2020 2/28/2018 Page 3 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) PHINDIRITBL  Fully Functional PPP Unit Established Including Relevant Decision Making Authority for PPP Implementation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 2.00 16.00 7.00 Date 30-Sep-2014 26-Jan-2017 28-Dec-2017 31-Dec-2020 PHINDIRITBL  Frequency of Advise on PPP Projects Development provided to the KPPIPand GCA (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 12.00 16.00 7.00 Date 25-Apr-2016 26-Jan-2016 29-Dec-2017 31-Dec-2020 PHINDIRITBL  Project Ready for bid/FS has completed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 8.00 6.00 3.00 Date 30-Sep-2014 26-Jan-2017 27-Dec-2017 31-Dec-2020 PHINDIRITBL  Critical regulatory bottlenecks are amended or changed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 1.00 2.00 1.00 Date 30-Sep-2014 24-Feb-2017 28-Dec-2017 31-Dec-2020 2/28/2018 Page 4 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) PHINDIRITBL  Duration of project cycle from preparation until bid award (Years, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 8.00 2.00 2.00 4.00 Date 30-Sep-2014 26-Jan-2017 28-Dec-2017 31-Dec-2020 Overall Comments There are 13 projects that had reaching financial closure and under construction by the end 2017 (refer to Echelon 1 Presentation of PPP Joint Office, October 3, 2017), they are: A. Financial Closed in 2016: (i) Manado ‐ Bitung Toll Road; (ii) Balikpapan ‐ Samarinda Toll road; (iii) Pandaan ‐ Malang Toll Road; (iv) Krian ‐ Legundi ‐ Bunder ‐ Manyar Toll Road; (v) Serpong ‐ Balaraja Toll Road; (vi) Batang ‐ Semarang Toll Road; (vii) Central Java Power Plant; (viii) Palapa Ring (West) 2. Financial Closed in 2017: (i) Jakarta ‐ Cikampek Elevated II Toll Road, (ii) Umbulan Water Supply; (iii) Palapa Ring (East) (iv) Palapa Ring (Central); (v) Cisumdawu Toll Road. [JJD1]Above we said 8 closed in 2016 and 4 in 2017 … here are 13 projects that had reaching financial closure Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P157490 TF-A2268 Effective USD 2.45 2.45 0.00 2.26 0.19 92% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P157490 TF-A2268 Effective 22-Apr-2016 25-Apr-2016 25-Apr-2016 31-Dec-2020 31-Dec-2020 Cumulative Disbursements 2/28/2018 Page 5 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 2/28/2018 Page 6 of 6 Public Disclosure Copy