Quick Facts

Countries:
Where the impacts of the investment may be experienced.
  • Indonesia
Banks:
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • Asian Infrastructure Investment Bank (AIIB)
  • World Bank (WB)
Status: Approved
Bank Risk Rating: U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2017-03-10
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower or Client: Regional Infrastructure Development Fund
The holder of the loan, grant, or other investment.
Sectors:
The service or industry focus of the investment. A project can have several sectors.
  • Infrastructure
Investment Type(s): Fund
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 100.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

Currency conversion note:
Bank reported
Converted using 2017-03-10 exchange rate.
Project Cost (USD): $ 406.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.

Currency conversion note:
Bank reported
Converted using 2017-03-10 exchange rate.

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Primary Source

Original disclosure @ WB website
Updated in EWS: 2017-07-27
Disclosure Date: 2015-06-15
Regional Infrastructure Development Fund
WB-P154947

Project Description
The project comes in two stages. The World Bank will finance a fund that provides loans for infrastructure to Indonesian governmental bodies at the subnational level. The second part of the project will provide support for the governments in carrying out subproject identification and preparation, including, but not limited to, feasibility studies, detailed engineering designs, environmental and social safeguard assessments, advisory services on financial management and procurement, and training.
Investment Description
The Asian Infrastructure Investment Bank will also be providing a further $100 million in financing towards the fund.
Contact Information
World Bank Contact: Title: Tel: Email: Marcus John Jin Sarn Lee Sr Urban Economist 5781+3135 / mlee1@worldbank.org Borrower/Client/Recipient Name: Contact: Title: Tel: Email: Ministry of Finance, Directorate General of Budget Financing and Risk Management Robert Pakpahan Director General of Budget Financing and Risk Management 62213458289 rpakpah@yahoo.com Implementing Agencies Name: Contact: Title: Tel: Email: PT Sarana Multi Infrastruktur Emma Sri Martini President Director 622180825288 corporatesecretary@ptsmi.co.id ACCOUNTABILITY MECHANISM OF WORLD BANK The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.
Bank Documents