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 | Finance & Markets Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 1 | ARCHIVED on 10-Nov-2016 | ISR25241 | Implementing Agencies: Ministry of Finance, Directorate General of Budget Financing and Risk Management 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 Overall Implementation Progress (IP)  --  Satisfactory 11/10/2016 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 Implementation Status and Key Decisions The project became effective in the latter part of the reporting period and is still in too early a stage for meaningful progress. MOF has agreed that immediate uses of the Recipient Executed TF (RETF) will be to: (i) finalize the PPP Unit SOPs and operationalize them by working closely with KPPIP and BAPPENAS and GCAs to ensure PPP Units services and processes are well designed to service the needs of the various stakeholders; (ii) improve the effectiveness in reviewing PPP projects submitted to MOF, including allocation of PDF funding, to the extent available; (iii) provide proactive advice to GCA teams to ensure best practice implementation of projects and successful implementation where possible; (iv) identify additional projects for implementation as PPP, in addition to those selected as priority projects by KPPIP and BAPPENAS; (v) design and deliver communications and capacity building strategies, in order to help PPP Unit, KPPIP, BAPPENAS to understand the importance of PPP, how to implement it and to give a coordinated message about the PPP program; and (vi) to build resources and capacity in PPP Unit MOF and KPPIP to deliver PPP program by hiring a series of transaction advisors to improve prioritization and delivery of PPP projects. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  --  Moderate Macroeconomic  Moderate  --  Low Sector Strategies and Policies  Moderate  --  Moderate Technical Design of Project or Program  Moderate  --  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  --  Moderate Fiduciary  Moderate  --  Moderate Environment and Social  Moderate  --  Moderate Stakeholders  Moderate  --  Substantial Other  Low  --  -- Overall  Moderate  --  Moderate Results Project Development Objective Indicators 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 1.00 11/10/2016 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) Date 30-Sep-2014 -- 03-Jun-2016 31-Dec-2020 PHINDPDOTBL  Amount of PPP investment in infrastructure (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 327.40 -- 327.40 613.90 Date 30-Sep-2014 -- 03-Jun-2016 31-Dec-2020 Overall Comments It is too early in implementation to anticipate material changes in the indicators. Intermediate Results Indicators PHINDIRITBL  Sucessfully Piloted Initial PPP Projects (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 -- 0.00 2.00 Date 30-Sep-2014 -- 03-Jun-2016 31-Dec-2020 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 -- -- 5.00 Date 30-Sep-2014 -- -- 31-Dec-2020 11/10/2016 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  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 -- -- 7.00 Date 25-Apr-2016 -- 03-Jun-2016 31-Dec-2020 PHINDIRITBL  Project Ready for bid/FS has completed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- -- 3.00 Date 30-Sep-2014 -- -- 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 Date 30-Sep-2014 -- -- 31-Dec-2020 PHINDIRITBL  Duration of project cycle from preparation until bid award (Text, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 5-7 years -- -- 3-4 years Date 30-Sep-2014 -- -- 31-Dec-2020 Overall Comments Data on Financial Performance 11/10/2016 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) 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 0.80 1.65 33% 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 Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 11/10/2016 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) 11/10/2016 Page 6 of 6 Public Disclosure Copy