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 | Infrastructure, PPP's & Guarantees Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 4 | ARCHIVED on 20-Dec-2018 | ISR35135 | Implementing Agencies: 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: 28-Mar-2019 Actual Mid-Term Review Date: -- Original Closing Date: 31-Dec-2020 Revised Closing Date: 31-Dec-2020 pdoTable 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 Components Table 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 Overall Risk Rating Low Low Implementation Status and Key Decisions RETF activities in 2018 supported the PDO, it remain focused to increase the capacity of government's staff (MOF, BAPPENAS, GCAs). Several courses and trainings directly related to PPP were undertaken with the subject on PPP Certification Program, Fundamentals and Preparation stage, and PPP Financial Perspective and Modelling. Also, training and workshops in the Procurement and addressed specific issues related to the project development e.g. dr. Zainoel Abidin Public Hospital Aceh, Kapet Kulonprogo Water Project Yogyakarta. Moving forward a need Training Needs Assessment will be performed by MOF and submitted to the Bank. 12/20/2018 Page 1 of 5 The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) The Bank and MOF continuing to discuss and finalize the revision of Projects Operation Manual (POM) of RETF IIFD and targeted to be completed by January 2019. To strengthen the capacity of MOF PPP Unit in appraising, preparing, and transacting PPP project including increasing their capacity in Project Management, MOF PPP Unit hired a consultant firm (Deloitte) to help them to manage the IIFD. In addition to improve the project pipeline development, the consultant firm is being hired to support MOF PPP Unit and PPP Joint office. The Grant Agreement has been amended to be USD 4,90 million to support activities in end of 2018 and 2019. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance Moderate Low Low Macroeconomic Moderate Low Low Sector Strategies and Policies Moderate Low Low Technical Design of Project or Program Moderate Moderate Moderate Institutional Capacity for Implementation and Sustainability Substantial Low Low Fiduciary Moderate Moderate Moderate Environment and Social Moderate Moderate Moderate Stakeholders Moderate Low Low Other Low Low Low Overall Moderate Low Low Results PDO Indicators by Objectives / Outcomes Increase of private and public sector investment in infrastructure, improved financing & regulation IN00548152 ►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 0.55 0.91 1.59 Date 30-Sep-2014 29-Dec-2017 11-Dec-2018 31-Dec-2020 IN00548154 ►Amount of PPP investment in infrastructure (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 327,400,000.00 5,501,280,597.00 8,841,458,000.00 613,900,000.00 12/20/2018 Page 2 of 5 The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Date 30-Sep-2014 28-Dec-2017 11-Dec-2018 31-Dec-2020 Overall Comments PDO Cumulative amount investment for PPP project which have reached financial closure are 13 projects with total investment of IDR 123,780,000,000,000.- or USD 8,841,458,000,000 (with 1USD=IDR14000). The project are (1) Central Java IPP, (2) Umbulan Water Supply, (3) Palapa Ring, Western Package, (4) Palapa Ring, Central Package, (5) Palapa Ring, Eastern Package, (6) Batang - Semarang Toll Road, (7) Manado - Bitung Toll Road, (8) Balikpapan - Samarinda Toll Road, (9) Pandaan - Malang Toll Road, (10) Serpong - Balaraja Toll Road, (11) Serang - Panimbang Toll Road, (12) Cileunyi - Sumedang - Dawuan Toll Road, and (13) Bandar Lampung Water Supply Project. Intermediate Results Indicators by Components Increase of private and public sector investment in infrastructure, improved financing & regulation IN00548153 ►Sucessfully Piloted Initial PPP Projects (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 13.00 17.00 1.00 Date 30-Sep-2014 28-Dec-2017 11-Dec-2018 31-Dec-2020 IN00654997 Number of Competitively Tendered Project (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 17.00 1.00 Date 21-Apr-2016 -- 11-Dec-2018 31-Dec-2020 IN00548157 ►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 16.00 21.00 7.00 Date 30-Sep-2014 28-Dec-2017 11-Dec-2018 31-Dec-2020 IN00548159 Frequency of Advise on PPP Projects Development provided to the KPPIP and GCA (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 16.00 21.00 7.00 Date 25-Apr-2016 29-Dec-2017 11-Dec-2018 31-Dec-2020 IN00654998 Project Ready for Bid/FS has Completed (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target 12/20/2018 Page 3 of 5 The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Value 2.00 -- 9.00 3.00 Date 21-Apr-2016 -- 11-Dec-2018 31-Dec-2020 IN00655008 ►Identify and Address Critical Legal and Regulatory Bottlenecks for Infrastructure Finance and Development (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 1.00 -- 6.00 1.00 Date 30-Sep-2014 -- 11-Dec-2018 31-Dec-2020 IN00655009 Critical regulatory bottlenecks are amended or changed (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 6.00 1.00 Date 30-Sep-2014 -- 11-Dec-2018 31-Dec-2020 IN00655010 Duration of Project Cycle From Preparation until Bid Award (Years, Custom Supplement) Baseline Actual (Previous) Actual (Current) End Target Value 7.00 -- 1.50 4.00 Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P157490 TF-A2268 Effective USD 4.90 4.90 0.00 2.45 2.45 50% 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 12/20/2018 Page 4 of 5 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. 12/20/2018 Page 5 of 5