Indonesia Infrastructure Investment Forum Seoul, September 2017 INFRASTRUCTURE PROJECTS PIPELINE

Transcription

1 Indonesia Infrastructure Investment Forum Seoul, September 2017 INFRASTRUCTURE PROJECTS PIPELINE 1

2 PPP PROJECTS 2

3 3 REPUBLIK INDONESIA Solicited PPP Project Scheme PLANNING PREPARATION TRANSACTION Project Preliminary identification study Outline Business Case (OBC) Final Business Case (FBC) Prequalification Request for Proposal Bid Award PPP Agreement Signing Financial Close GCA submitted project document Reviewed Preliminary Study OBC in process or completed Private sector involvement : Project preparation and transaction advisory through success fee mechanism; Project initiator under unsolicited scheme. FBC in process or completed PPP OFFICE GOVERNMENT OF INDONESIA KANTOR BERSAMA KPBU REPUBLIK INDONESIA 1 3 YEARS GCA announced the PQ GCA has issued bidding GCA announced bidding winner document Private sector involvement: Transaction advisory through success fee mechanism; Investor/bidder; Debt financier. Cooperation Financial close agreement has been signed Private sector involvement: Debt financier. CAPITAL PLACE, 8 TH FLOOR JALAN JENDERAL GATOT SUBROTO KAV. 18 JAKARTA SELATAN INDONESIA PHONE: Construction and Operation

4 REPUBLIK INDONESIA Unsolicited PPP Project Scheme Project proponent submits a proposal and pre-feasibility study (FS) document to GCA Business Entity submits FS FS evaluation Procurement PPP Agreement Signing Pre-FS document evaluation to get pre-fs approval; GCA gives rights to project proponent to prepare feasibility study (FS). 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: 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. Compensation option to the project initiator Example: Jakarta Cikampek Elevated Toll Road Additional mark of 10% on the procurement score Right to match The GCA purchase the PPP initiative 4

5 5 REPUBLIK INDONESIA PPP Project Pipeline 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$ million 5 Batam SWRO Under Calculation 6 Batam Sewerage System Phase 2 US$ million 7 Batam Industrial Waste Treatment Under Calculation 8 Batam e-government Phase 2 Under Calculation 9 BP Batam Hospital Under Calculation No. Project Name Project Value 1 Yogya - Solo Toll Road US$ 6,200.0 million 2 Yogya - Bawen Toll Road US$ 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$ 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 Batam Polytechnic Education Facility 12 Development US$ 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

6 6 REPUBLIK INDONESIA PPP Project Pipeline Under preparation FBC (US$ 3,402.3 million) No. Project Name Project Value 1 Surabaya - Madura Toll Bridge US$ 24.0 million 2 Tanjung Sauh Port US$ million 3 Batu Ampar Port US$ million 4 Hang Nadim Airport US$ million 5 Medan Municipal Transport US$ million 7 Batam LRT US$ 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 11 Legok Nangka Waste Treatment US$ 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 6

7 7 REPUBLIK INDONESIA Project Pipeline (1) Ready for Transaction (US$ million) Already Tendered - Available for Financing (US$ 3,796.5 million) No. Project Name Project Value PQ (US$ 1,429.2 million) 1 Semarang - Demak Toll Road US$ million No. Project Name Project Value 1 Serang - Panimbang Toll Road US$ million 2 Jakarta - Cikampek South Toll Road US$ 1,029.2 million Already Tendered - Under Construction (US$ 7,223.9 million) No. Project Name Project Value 1 Manado - Bitung Toll Road US$ million 2 Balikpapan - Samarinda Toll Road US$ million 3 Pandaan - Malang Toll Road US$ million 4 Krian - Legundi - Bunder - Manyar Toll Road US$ million 5 Jakarta - Cikampek Elevated II Toll Road US$ 1,249.0 million 6 Batang - Semarang Toll Road US$ million 7 Serpong - Balaraja Toll Road US$ million 8 Umbulan Regional Water Supply US$ million 9 Central Java Power Plant US$ 3,000.0 million 10 Palapa Ring East Package US$ million 11 Palapa Ring West Package US$ 92.5 million RFP (US$ 1,700.7 million) No. Project Name Project Value 1 Probolinggo - Banyuwangi Toll Road US$ 1,620.7 million 2 Bandar Lampung Water Supply US$ 80.0 million PPP Agreement Signing (US$ 44.4 million) No. Project Name Project Value 1 Nambo Regional Waste Management System US$ 44.4 million FC (US$ million) No. Project Name Project Value 1 Cileunyi - Sumedang - Dawuan Toll Road US$ million

8 ROAD UNDER PREPARATION 1.Samarinda Bontang Toll Road (Under Calculation) 2.Yogyakarta Solo Toll Road (US$ million) 3.Yogyakarta Bawen Toll Road (US$ million) 4.Surabaya Madura Bridge Toll Road (US$ 24.0 million) 8

9 SAMARINDA BONTANG TOLL ROAD LOCATION: East Kalimantan Sector: Road Sub-Sector: Toll road Government Contracting Agency : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna, Head of BPJT ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : Under calculation : Under Calculation 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. Transaction adviser/bidder/financier Under preparation IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

10 YOGYAKARTA SOLO TOLL ROAD LOCATION: Yogyakarta - Central Java LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna, Head of BPJT ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : Under calculation : US$ million 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 welldeveloped 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. Transaction adviser/bidder/financier OBC is being prepared through KPPIP s assistance IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. 1. Preparation : N/A 2. Larap, Land Acquisition & Tender for SPC : N/A 3. Construction : N/A 4. Operation : N/A National Toll Road Authority (BPJT) Ministry of Finance Regress Agreement PPP Agreement Government and SPV Obligations Regress Payment PT PII 70% Bank (Debt) 30% Equity ( 70% ) ( 30% ) Guarantee Agreement SPV (BUJT) Tariff Co-guarantee Agreement with Ministry of Finance User 10

11 YOGYAKARTA BAWEN TOLL ROAD LOCATION: Yogyakarta - Central Java LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna, Head of BPJT ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : Under calculation : US$ million This toll road is 71,56 km long and will be divided into three sections: 1. Section 1, Bawen to Secang (STA to STA ) including Bawen Junction and Secang Junction; 2. Section 2, Secang to Borobudur (STA to STA ) without junction; 3. Section 3, Yogyakarta to Borobudur (STA to STA ) including Borobudur Junction. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Transaction adviser/bidder/financier Preparation of OBC 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

12 SURABAYA MADURA BRIDGE TOLL ROAD LOCATION: East Java LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll bridge : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna, Head of BPJT ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : Under calculation : US$ 24.0 million Suramadu Bridge is a toll road project that has been operating since The current concession holder is PT Jasa Marga (Persero) Tbk., and the concession period will end in The Government of Indonesia has to conduct the tender process in order to continue the operation and maintenance of this project. Operation and Maintenance (O&M) Principal Approval of PDF s facility from Ministry of Finance IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Potentially guaranteed by IIGF. 1. Preparation : Larap, Land Acquisition & Tender for SPC : N/A 3. Construction : N/A 4. Operation : since O&M Stage 2 :

13 TRANSPORTATION: PORT UNDER PREPARATION 1.Bitung Port (US$ 2,500.0 million) 2.Kuala Tanjung Port(US$ 2,800.0 million) 3.Maloy Port and Industrial Area (US$ million) 4.Tanjung Sauh Port (US$ million) 5.Batu Ampar Port (US$ million) 13

14 14 BITUNG INTERNATIONAL HUB PORT LOCATION: North Sulawesi LOCATION MAP Sector: Transportation Government Contracting Agency Sub-Sector: Sea port : Ministry of Transportation ROI : Susanty Pertiwi ; s.pertiwi74@gmail.com : years : US$ 2,500.0 million 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. Developer and operator of the port and terminal OBC is being prepared through KPPIP s assistance and is expected to be completed on December 2017 EIRR : Under Calculation FIRR : 12.45% NPV : US$ million Government support and Government guarantee will be determined in Final Business Case Study. 1. Preparation : Dec Construction : Operation : 2022 Will be determined after completing the FBC

15 KUALA TANJUNG INTERNATIONAL HUB PORT LOCATION: North Sumatera LOCATION MAP Sector: Transportation Government Contracting Agency Sub-Sector: Sea port : Ministry of Transportation ROI : Susanty Pertiwi ; s.pertiwi74@gmail.com : years : US$ 2,800.0 million 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. EIRR : > 14% FIRR : Under Calculation NPV : US$ 4.0 million Land acquisition and basic infrastructure. Will be determined after completing the FBC Transaction adviser/bidder/financier OBC is being prepared through KPPIP s assistance 1. Preparation : FBC Q Larap, Land Acquisition & tender for SPC : Q Construction : January Operation : January

16 MALOY PORT AND INDUSTRIAL AREA LOCATION: East Kalimantan LOCATION MAP Sector: Transportation Government Contracting Agency Sub-Sector: Sea port : Ministry of Transportation ROI : Susanty Pertiwi ; s.pertiwi74@gmail.com : years The development of Maloy Port, East Kalimantan is to support industrial activity in Special Economic Zone (SEZ) Maloy. : US$ million US$ million (port) US$ million (industrial area) EIRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Will be determined after completing the FBC Government support and Government guarantee will be determined in Final Business Case Study. Transaction adviser/bidder/financier Under preparation 1. Preparation : 2018 (OBC) 2. Larap, Land Acquisition & tender for SPC : N/A 3. Construction : N/A 4. Operation : N/A 16

17 TANJUNG SAUH TRANSHIPMENT TERMINAL OF KABIL PORT LOCATION: Tanjung Sauh, Riau Island Sector: Transportation Sub-Sector: Transhipment port Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : Max 50 years : US$ million 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. Interested Investor(s): PT Pelindo-II; CMA-CGM-France. Task of Investor: Dredging : m 3; Quay/Berth : m; Backup area/container yard : 138 ha; Gantry Crane : 20 unit; RMGC : 60 unit; Heat Truck : 100 unit; Trailer : 100 unit. IRR : 12.45% FIRR : Under Calculation NPV : US$ million Land use for commercial and housing as compensation by Government. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2022 Third party equity (15%) Transaction adviser/bidder/financier Under preparation 17

18 BATU AMPAR CONTAINER PORT LOCATION: Batam, Riau Island Sector: Transportation Sub-Sector: Sea port Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : Max 20 years : US$ million 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. 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. IRR : 24.0% FIRR : Under Calculation NPV : US$ million Demand risk not guaranteed by Government and investor pay upfront fee. 1. Preparation : 2017 (FBC) 2. Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2022 Third party equity (15%) Transaction adviser/bidder/financier Under preparation 18

19 TRANSPORTATION: AIRPORT UNDER PREPARATION 1.North Bali International Airport (US$ 2,100.0 million) 2.Airport of Hang Nadim(US$ million) 19

20 NORTH BALI INTERNATIONAL AIRPORT LOCATION: North Bali Sector: Transportation Sub-Sector: Airport Government Contracting Agency : Ministry of Transportation ROI : Susanty Pertiwi ; s.pertiwi74@gmail.com : 50 years : US$ 2,100.0 million 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. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Will be determined after competing the FBC Transaction adviser/bidder/financier FS for location determination 1. Preparation : N/A 2. Larap, Land Acquisition & Tender for SPC : N/A 3. Construction : N/A 4. Operation : N/A 20

21 EXPANSION OF HANG NADIM INTERNATIONAL AIRPORT PASSENGER TERMINAL LOCATION: Batam, Riau Island Sector: Transportation Sub-Sector: Airport Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : years : US$ million The project is to expand the passenger terminal of Hang Nadim International Airport and designated to handle up to 8 million passengers in IRR : 24.0% FIRR : Under Calculation NPV : US$ million Interested Investor(s): Incheon Airport; Angkasa Pura. Scope of work: Passenger Terminal m 2 ; Equipment (8 airbridges, baggage handling system, FIDS, ADGS); IT System; Apron and taxiway construction. Demand risk guaranteed by Government. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2021 Third party equity (15%) Transaction adviser/bidder/financier Under preparation 21

22 TRANSPORTATION: RAILWAY UNDER PREPARATION 1.Makassar Parepare Railway (US$ million) 2.Medan Municipal Transport(US$ million) 3.Batam LRT (US$ million) 22

23 23 MAKASSAR PAREPARE RAILWAY LOCATION: South Sulawesi Sector: Transportation Sub-Sector: Railway LOCATION MAP Barru Pangkep Makassar Maros 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. Government Contracting Agency IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation : US$ million Government support and Government guarantee will be determined in Final Business Case (FBC). : Ministry of Transportation ROI : Susanty Pertiwi ; s.pertiwi74@gmail.com : years Will be determined after completing the FBC Transaction adviser/bidder/financier FS for Barru Makassar Track for PPP Scheme 1. Construction : Operation : 2018

24 MEDAN MUNICIPAL TRANSPORT LOCATION: North Sumatera LOCATION MAP Sector: Transportation Government Contracting Agency Sub-Sector: LRT or BRT : Medan Municipal : Mr. Wiriya Al Rahman (Head of Medan Development Planning Agency) ; wiriyaa@yahoo.co.id : 35 years : US$ 59.4 million With the large amount of private vehicle distribution in Medan City, Medan ccity is expected to reach gridlock in several roads by 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. Bidder/financier Preparation of OBC by Bappenas and continued to FBC through PDF by Ministry of Finance IRR : 17.0% FIRR : 12.5% NPV : US$ million Government support and Government guarantee will be determined in Final Business Case Study. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

25 BATAM LRT LOCATION: Batam, Riau Island Sector: Transportation Sub-Sector: Railway Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : Max 75 years : US$ million 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. IRR : 15.34% (Section 1); 16.57% (Section 2) FIRR : US$ 2.65 billion NPV : US$ billion Scope of work: Line I : Batam Centre Tanjung Uncang LRT Train =4 unit; LRT Line = km; LRT Station= 19 stations. Line II : Batu Ampar HNIA LRT Train = 4 unit; LRT Line = km; LRT Station = 25 stations. TOD and demand risk guaranteed by Government. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2022 Transaction adviser/bidder/financier Under preparation 25

26 WATER SUPPLY & WASTE MANAGEMENT UNDER PREPARATION 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$ million) 26

27 BATAM SEWERAGE SYSTEM PHASE 2 LOCATION: Batam, Riau Island Sector: Waste management infrastructure system Sub-Sector: Sewerage system Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : Max 50 years : US$ million 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. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case. Third party equity (15%) Transaction adviser/bidder/financier Under preparation 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

28 BATAM INDUSTRIAL WASTE TREATMENT LOCATION: Batam, Riau Island Sector: Waste management infrastructure system Sub-Sector: Industrial waste management Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : Max 50 years : Under Calculation 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). IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Third party equity (15%) Transaction adviser/bidder/financier Under preparation 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

29 BATAM SEA WATER REVERSE OSMOSIS LOCATION: Batam, Riau Island Sector: Water supply Sub-Sector: Water resource and irrigation Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : Max 50 years : Under Calculation 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. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Third party equity (15%) Transaction adviser/bidder/financier Under preparation 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

30 PEKANBARU REGIONAL WATER SUPPLY LOCATION: Riau LOCATION MAP Sector: Water supply Government Contracting Agency Sub-Sector: Water supply : Director of PDAM Tirta Siak Pekanbaru : Mr. Muhammad Suhandi / ; pdamts.kpbu@gmail.com : 25 years : US$ 35.5 million 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. IRR : 16% NPV : 9.24 million PDF from Ministry of Finance. Bidder/financier Preparing the agreement assistance of PDF 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

31 PONDOK GEDE WATER SUPPLY LOCATION: Bekasi, West Java LOCATION MAP Sector: Water supply Government Contracting Agency Sub-Sector: Water supply : Director of PDAM Tirta Patriot Bekasi : Achmad Giri Widodo (CEO of PDAM Tirta Patriot Kota Bekasi) / ; giri_tpkb@yahoo.com : 25 years : US$ 25.0 million 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. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Bidder/financier OBC revised 1. Preparation : Land Acquisition : 2017 (done) 3. PQ : Construction : Operation :

32 WEST SEMARANG WATER SUPPLY LOCATION: Central Java LOCATION MAP Sector: Water supply Government Contracting Agency Sub-Sector: Water supply : Director of PDAM Tirta Moedal, Municipal Government of Semarang : Ms. Etty Laksmiwati (President Director as GCA) ; ettypdam@yahoo.com : Under calculation : US$ 6.1 million 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). IRR : 16.6% FIRR : Under Calculation NPV : Under Calculation Project Development Fund from Ministry of Finance for Final Business Case Preparation and Transaction Advisor Support. Will be determined after completing the FBC Bidder/financier FBC is being prepared jointly by KPPIP and Ministry of Finance s Project Development Facility 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

33 LEGOK NANGKA REGIONAL WASTE TREATMENT LOCATION: West Java Sector: Sanitation Sub-Sector: Waste to energy LOCATION MAP Government Contracting Agency : Governor of West Java Province : Mr. Edi Bachtiar (Head of West Java Regional Solid Waste Management Agency) ; edibahtiar63@yahoo.com : 20 years : US$ million 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. Financial Feasibility IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Transaction advisor/bidder/financier FBC is being prepared through assistance by National Public Procurement Agency and MCAI (Millennium Challenge Account Indonesia) 1. Preparation : Larap, Land Acquisition & Tender for SPC : 2010 (done) 3. Construction : Operation :

34 ENERGY CONSERVATION UNDER PREPARATION 1.Surakarta Street Lighting (Under Calculation) 2.Bandung Street Lighting (US$ 72.3 million) 34

35 SURAKARTA STREET LIGHTING LOCATION: Central Java Sector: Energy conservation Sub-Sector: Street lighting Government Contracting Agency : Surakarta Municipal : Agung Widi H. (Public Work and Spatial Planning Agency of Surakarta Municipal) ; agungwidih@gmail.com or kpbupju.solo@gmail.com : Under calculation : Under Calculation 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. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Will be determined after completing the FBC Transaction adviser/bidder/financier OBC is being prepared through assistance by Bappenas 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

36 Street Lighting Tax BANDUNG STREET LIGHTING LOCATION: Bandung, West Java LOCATION MAP Sector: Urban facilities Sub-Sector: Street lighting Government Contracting Agency : Mayor of Bandung : Mr. Iskandar Zulkarnain; ; dbmpkotabandung@gmail.com Mr. Inu Kusuma Wardana; ; inu.kusuma.wardana@gmail.com : 15 years, with 2 years construction period 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%. Transaction advisor/bidder/financier IRR : 15.8% NPV : US$ 4.3 million : US$ 72.3 million Government support and Government guarantee will be determined in Final Business Case. PLN (Collecting Unit) Submission Tax Income Bill Payment GCA AP 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. 1. Preparation : Dec 2016 Sept Tender for SPC : Sept 2017 Feb Construction : Operation : People Street Lighting Services SPV 36

37 INFORMATION, COMMUNICATION AND TECHNOLOGY UNDER PREPARATION 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 BATAM E-GOVERNMENT PHASE 2 LOCATION: Batam, Riau Island Sector: Telecommunications and informatics Sub-Sector: Data center Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : Max 50 years : US$ 86.0 million Batam e-government Phase 2 aims to develop Batam Single Window, which the application and system are based on cloud technology. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Third party equity (15%) Transaction adviser/bidder/financier Under preparation 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

39 MULTIFUNCTION SATELITE LOCATION: Indonesia Sector: Telecommunications and informatics Sub-Sector: Satellite Government Contracting Agency : Ministry of Communication and Information Technology : Ms. Dhia A. Febriansa (Infrastructure Director of BP3TI) ; dhia.febriansa@gmail.com : 15 years : Under Calculation 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. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Will be determined after completing the FBC Bidder/financier OBC is being prepared through assistance by Bappenas 1. Preparation : Construction : Operation :

40 NATIONAL INTEGRATED WELFARE SYSTEM LOCATION: National Sector: Telecommunications and informatics Sub-Sector: e-government Government Contracting Agency : Ministry of Social Affair : Yeti Wulandari (Ministry of Social Affair) ; yeti.wulandari@kemsos.go.id : Under calculation : Under Calculation 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. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2020 Will be determined after completing the FBC Transaction adviser/bidder/financier OBC is being prepared through assistance by Bappenas 40

41 HEALTH SECTOR: HOSPITAL UNDER PREPARATION 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 BP BATAM HOSPITAL LOCATION: Batam, Riau Island Sector: Health Sub-Sector: Hospital Government Contracting Agency : BIFZA : Mr. Horman Pudinaung / ; horman@bpbatam.go.id : Max 50 years : Under Calculation The project is to improve out-patient and in-patient services in BP Batam Hospital, which is also a referral hospital in Batam. IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. Project initiator (unsolicited)/transaction adviser/bidder/financier Project status: Under preparation 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

43 PIRNGADI HOSPITAL LOCATION: North Sumatera LOCATION MAP Sector: Health Government Contracting Agency Sub-Sector: Hospital : Medan Municipal : Mr. Wiriya Al Rahman (Head of Medan Development Planning Agency) ; wiriyaa@yahoo.co.id : 10 years : US$ 13.3 million Development of a new wing, existing building renovation, emergency and medical equipment are needed in Pirngadi Hospital. IRR : 15.0% FIRR : 12.0% NPV : US$ 39.7 million Bidder/financier Preparation of FBC through PDF by Ministry of Finance Government support and Government guarantee will be determined in Final Business Case (FBC). 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

44 UNIVERSITY OF UDAYANA LONG TERM CARE UNIT TEACHING HOSPITAL LOCATION: Bali LOCATION MAP Sector: Health Government Contracting Agency Sub-Sector: Hospital : Ministry of Research, Technology and Higher Education : Mrs. Dr. Tuty Kuswardhani (RSPTN Director University of Udayana) ; tutykuswardhani@yahoo.com : 20 years : US$ 59.4 million 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. IRR : 20.2% FIRR : 15.0% NPV : US$ 69.4 million Government support and Government guarantee will be determined in Final Business Case (FBC). Transaction adviser/bidder/financier OBC has been completed through assistance by Bappenas and ADB 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

45 DHARMAIS CANCER HOSPITAL LOCATION: DKI Jakarta Sector: Health Sub-Sector: Hospital Government Contracting Agency : Ministry of Health : Ockti Palupi ; ocktipalupi_pds@dharmais.co.id : N/A : Under Calculation 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. Transaction adviser/bidder/financier Under preparation on OBC through assistance by Bappenas IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case (FBC). 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2020 Will be determined after completing the FBC 45

46 UNIVERSITY OF SAM RATULANGI TEACHING HOSPITAL LOCATION: North Sulawesi LOCATION MAP Sector: Health Government Contracting Agency Preparation Agency Sub-Sector: Teaching hospital : Ministry of Research, Technology, and Higher Education (MORTHE) : PT SMI and PT Danareksa through PDF from Ministry of Finance : Mr. Choiruddin; ; choiruddin@gmail.com Ms. Rini Nuzulul; ; nuzulul.rini@gmail.com : 20 years : US$ 15.5 million 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. IRR : 15.05% FIRR : 10.85% NPV : US$ 1.7 million Potentially guaranteed by IIGF. GCA SPV Trustee Bank Public Service Agency (BLU UNSRAT) Transaction advisor/bidder/financier Preparation of OBC by Bappenas and continued to FBC through PDF by Ministry of Finance 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2019 LENDER a) Banking Institutions b) Non-Banking Institutions (PT. SMI, IIF, etc) College Students Sam Ratulangi Teaching Hospital SERVICES Patie nts Non Core 46

47 SIDOARJO GENERAL HOSPITAL LOCATION: Sidoarjo Regency, East Java LOCATION MAP Sector: Health Government Contracting Agency Preparation Agency Sub-Sector: Hospital : Government of Sidoarjo Regency : PT SMI through PDF from Ministry of Finance : Ms. Elly (Sub Directorate of Cooperation Affairs); ; kerjasama.sidoarjokab@gmail.com : 10 years : US$ 18.5 million 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. IRR : 9.88% FIRR : 8.18% NPV : Under Calculation PDF from Ministry of Finance. Bidder/financier Preparation of FBC through PDF by Ministry of Finance 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2020 Patients 47

48 SPORTS STADION AND EDUCATION FACILITIES UNDER PREPARATION 1.Papua Sports Arena (US$ 15.5 million) 2.Batam Polytechnic Education Facility Development (US$ million) 48

49 PAPUA SPORTS ARENA LOCATION: Papua LOCATION MAP Sector: Sport, art and culture facility Government Contracting Agency Sub-Sector: Sport facility : Papua Province : Mr. Bernard Sitorus ; irianto.a@yahoo.com : 25 years : US$ 15.5 million 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. IRR : 14.8 % FIRR : 11.7 % NPV : US$ 8.29 million Transaction advisor/bidder/financier OBC has been assisted by Bappenas and then continued by proposing Project Development Facility to Ministry of Finance for FBC development Government support and Government guarantee will be determined in Final Business Case. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

50 BATAM POLYTECHNIC EDUCATION FACILITY DEVELOPMENT LOCATION: Batam City, Riau Province Sector: Education facilities Sub-Sector: Education facilities LOCATION MAP Government Contracting Agency : Ministry of Research, Technology and Higher Education : Mr. Bambang Hendrawan (Vice Director Administration,Resources & Finance) ; benks07@gmail.com : 20 years : US$ million 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. Transaction advisor/bidder/financier OBC has been completed through assistance by Bappenas and ADB IRR : 15.0% FIRR : 12.0% NPV : US$ million Potentially using Availability Payment (AP). Guarantee by IIGF. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation :

51 PENITENTIARY UNDER PREPARATION 1.Nusakambangan Industrial Correctional Facility (US$ 15.5 million) 2.Relocation of Correctional Facility (Under Calculation) 51

52 INDUSTRIAL CORRECTIONAL FACILITY NUSAKAMBANGAN LOCATION: Central Java LOCATION MAP Sector: Penitentiary Government Contracting Agency Sub-Sector: Correctional facility : Ministry of Law and Human Rights : Mr. Aman Riyadi ext. 205 / ; aman.pas@gmail.com or tu.infokom@gmail.com : 25 years : US$ 15.5 million 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. IRR : 14.4% FIRR : 13.5% NPV : US$ 28.7 million PDF from Ministry of Finance. Bidder/financier OBC has been assisted by Bappenas and then continued by proposing Project Development Facility to Ministry of Finance for FBC development. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : N/A 52

53 RELOCATION OF CORRECTIONAL FACILITY LOCATION: DKI Jakarta Sector: Penitentiary Sub-Sector: Correctional facility Government Contracting Agency : Ministry of Law and Human Right : Mr. Aman Riyadi ext. 205 / ; aman.pas@gmail.com or tu.infokom@gmail.com : N/A : Under Calculation 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 m 2 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. Transaction adviser/bidder/financier OBC is being prepared through assistance by Bappenas IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation Government support and Government guarantee will be determined in Final Business Case Study. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2020 Will be determined after completing the FBC 53

54 ROAD READY FOR TRANSACTION 1.Semarang Demak Toll Road (US$ million) 2.Serang Panimbang Toll Road (US$ million) 3.Jakarta Cikampek South Toll Road (US$ 1,029.2 million) 4.Probolinggo Banyuwangi Toll Road (US$ 1,620.7 million) 54

55 SEMARANG DEMAK TOLL ROAD LOCATION: Central Java Sector: Road Sub-Sector: Toll road Government Contracting Agency : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 35 years 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. Length Designed Speed Number of Lane Lane Width Outer Lane Width Inner Lane Width Median km 80 km/ hr 2x2 2x3 double MCB 3.6 m 3 m 1.5 m 5.5 m IRR : Under Calculation FIRR : Under Calculation NPV : Under Calculation : US$ million 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. Transaction adviser/bidder/financier Under preparation 1. FBC & Land Acquisition : Pre-qualification : Bidding and Evaluation : Negotiation with Preferred Bidder : Contract Award :

56 56 SERANG PANIMBANG TOLL ROAD LOCATION: Banten LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 40 years : US$ million 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. Transaction adviser/bidder/financier 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) IRR : % NPV : US$ 40.9 million Construction support from Government for approximately 33 km; Several risks from the Government which can be potentially guaranteed by IIGF. Availability Payment (AP): 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : Creditor Public Service Agency (BLU) BPJT

57 JAKARTA CIKAMPEK II SOUTH TOLL ROAD LOCATION: Bekasi, West Java Sector: Road Sub-Sector: Toll road Government Contracting Agency : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 35 years 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. Length Designed Speed 64 km km/ hr IRR : 12.52% NPV : US$ 2.6 million : US$ 1,029.2 million Number of Lane Width Outer Lane Width Inner Lane Width 2x2 2x3 double MCB 3.6 m 3 m 1.5 m Project s authorization risk, construction delay risk and payment risk. Statement from Government to guarantee this project is also required. Transaction adviser/bidder/financier Under preparation 1. FBC & Land Acquisition : Pre-qualification : Bidding and Evaluation : Negotiation with Preferred Bidder : Contract Award :

58 PROBOLINGGO BANYUWANGI TOLL ROAD LOCATION: East Java Sector: Road Sub-Sector: Toll road Government Contracting Agency : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 35 years Probowangi Toll Road is 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. IRR : 11.8% NPV : US$ 45.9 million : US$ 1,620.7 million Transaction adviser/bidder/financier Under preparation 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. 1. FBC & Land Acquisition : Pre-qualification : Bidding and Evaluation : Negotiation with Preferred Bidder : Contract Award :

59 Available for Financing ALREADY TENDERED 1.Cisumdawu Toll Road (US$ million) 2.Bandar Lampung Water Supply (US$ 80.0 million) 3.Nambo Regional Waste Management(US$ 44.4 million) 59

60 60 CILEUNYI SUMEDANG DAWUAN TOLL ROAD LOCATION: West Java Sector: Road Sub-Sector: Toll road Government Contracting Agency : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : N/A 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. Investor(s) : PT Citra Karya Jabar Tol Financier : Financial close on process FIRR : 14.2 % NPV : US$ 19.0 million : US$ million Construction support from Government for approximately 29 km; Several risks from the Government is guaranteed by IIGF. 1. Preparation : Tender for SPC : Construction : Operation : 2019 Engineering, Procurement and Construction (EPC) Land acquisition and Construction.

61 BANDAR LAMPUNG WATER SUPPLY LOCATION: Bandar Lampung Sector: Water supply Sub-Sector: Water supply Government Contracting Agency Preparation Agency : Local Government Owned Water Utilities (PDAM) : PT SMI through PDF from Ministry of Finance : Mr Supardji ; pradana@ptsmi.co.id : 25 years 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. IRR : 17.6% FIRR : Under Calculation NPV : US$ 54.7 million : US$ 80.0 million 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. Bidder/financier Tender process (pre-qualification) 1. FS : Bidding : Q Evaluation and award : Q Contract Signing : Financial Close & Construction :

62 62 Nambo Regional Waste Management LOCATION: Bogor, West Java Sector: Waste management infrastructure system Sub-Sector: Waste management infrastructure system Government Contracting Agency Implementation : Governor of West Java Province : Regional Waste Management Office, West Java : Edi Bahtiar (Head of Regional Waste Management Office ; edibahtiar63@yahoo.com : 25 years 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. IRR : 13.6 % WACC : 11.8% NPV : US$ 4.8 million : US$ 44.4 million Investor(s) Financier : PT Jabar Bersih Lestari Consortium: Emsus, Enbicon, Forcabel, Kun Hwa (Korea) and PT Panghegar Energy Indonesia : Under financial close process Tipping fee has been guaranteed through Local Government Regulation. 1. FS : Bidding : Construction : Operation and Maintenance : 2019 Financier PPP Agreement has been signed between GCA and SPV

63 Construction and Operation ALREADY TENDERED 1.Central Java Power Plant (US$ 4200 million) 2.Palapa Ring West Package (US$ million) 3.Palapa Ring East Package (US$ million) 4.Umbulan Water Supply (US$ million) 5.Manado - Bitung Toll Road (US$ million) 6.Balikpapan - Samarinda Toll Road (US$ million) 7.Pandaan - Malang Toll Road (US$ 99.0 million) 8.Krian - Legundi - Bunder - Manyar Toll Road (US$ million) 9.Jakarta - Cikampek Elevated II Toll Road (US$ million) 10.Batang - Semarang Toll Road (US$ million) 11.Serpong - Balaraja Toll Road (US$ million) 63

64 64 CENTRAL JAVA CFPP 2 X 1000 MW LOCATION: Central Java Sector: Electricity Sub-Sector: Power plant LOCATION MAP Government Contracting Agency : Directorate General of Electricity, Ministry of Energy and Mineral Resources / PT Perusahaan Listrik Negara (Persero) : Ms. Fani Vebriliona fani.vebriliona@ptbpi.co.id Concession Period : 25 years : US$ 4.2 billion Project Structure 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. Investor(s) : Consortium of J-Power, Adaro Power, Itochu Corporation; Financier : PT Bank Mandiri IRR : 8.2 % EIRR : 15.2 % Land acquisition, Capacity Payment (CP) and Availability Payment (AP). Guarantee by IIGF. 1. FS & Land Acquisition : Bidding & Detail Design : Construction : Operation : 2018 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

65 65 PALAPA RING WEST PACKAGE LOCATION: Sumatera and Kalimantan Barat Sector: Telecommunications and informatics Sub-Sector: Fiber optic LOCATION MAP Government Contracting Agency : Ministry of Communication and Information Technology : Mr. Dhia Anugrah Febriansa (Infrastructure Director of BP3TI) ; dhia.febriansa@gmail.com : 15 years : US$ million 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. IRR : 15,1 % NPV : US$ 9.1 million Investor(s) : Consortium of PT Mora Telematika Indonesia and PT Ketrosden Triasmitra Financier : PT Bank Mandiri Payment mechanism: Availability Payment (AP). Government guarantee by IIGF. 1. Construction : Operation : Project currently under construction

66 66 PALAPA RING EAST PACKAGE LOCATION: Maluku, Papua, and East Nusa Tenggara Sector: Telecommunications and informatics Sub-Sector: Fiber optic LOCATION MAP Government Contracting Agency : Ministry of Communication and Information Technology : Mr. Dhia Anugrah Febriansa (Infrastructure Director of BP3TI) ; dhia.febriansa@gmail.com : 15 years : US$. 1,065.2 million Development of fiber optic-based broadband telecommunication network and microwave transmission which will connect 35 regencies in East Nusa Tenggara, Maluku, West Papua and remote places inside Papua with a total length of about 6,878 km. Investor(s) : Consortium of PT Mora Telematika Indonesia, PT Infrastruktur Bisnis Sejahtera, PT Inti Bangun Sejahtera, PT Smart Telecom Financier : Syndication of PT Bank BNI ICBC Indonesia, Bank Papua Bank Malukumalut and Bank Sulsebar IRR : 14.3 % NPV : US$ 24.1 million Payment mechanism: Availability Payment (AP). Government guarantee by IIGF. 1. Construction : Operation : Project currently under construction

67 UMBULAN WATER SUPPLY LOCATION: East Java LOCATION MAP Sector: Water supply Government Contracting Agency Sub-Sector: Water supply : East Java Provincial Government : Mr. Lili Soleh Wartadipradja lili_soleh@yahoo.com : 25 years : US$ million 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. Investor(s) : Consortium of Bangun Cipta Kontraktor and Medco Energy International Financier : PT IIF and PT SMI (Persero) IRR : 14.0 % FIRR : 14.0 % NPV : US$ 34.2 million 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. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2020 Project currently under construction 67

68 MANADO BITUNG TOLL ROAD LOCATION: North Sulawesi LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 40 years : US$ million This toll road is one of the longest in Northern Sulawesi connecting from Manado City to Bitung City, approximately 39.9 km in length. IRR : 12.2 % NPV : US$ 13.7 million 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 Necessity: - Land acquisition risk - Land fund risk - Tariff adjustment risk - Ramp up period - Political risk - Termination risk 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2019 Project is currently on land acquisition stage and under construction 68

69 BALIKPAPAN - SAMARINDA TOLL ROAD LOCATION: East Kalimantan LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 40 years : US$ million 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). 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) IRR : 13.78% NPV : US$ million Necessity: - Land acquisition risk - Land fund risk - Tariff adjustment risk - Ramp up period - Political risk - Termination risk 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2019 Project is currently on land acquisition stage and under construction 69

70 PANDAAN - MALANG TOLL ROAD LOCATION: East Java LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 35 years : US$ million 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. Investor(s) : 1. PT Jasa Marga (Persero) Tbk.; 2. PT Pembangunan Perumahan (Persero) Tbk.; 3. PT Sarana Multi Infrastruktur (Persero). Financier : Refinancing with syndication of BNI, BCA and Bank Mandiri IRR : 13.81% NPV : US$ 99.0 million Necessity: - Land acquisition risk - Land fund risk - Tariff adjustment risk - Ramp up period - Political risk - Termination risk 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2020 Project is currently on land acquisition stage and under construction 70

71 KRIAN - LEGUNDI - BUNDER - MANYAR TOLL ROAD LOCATION: East Java LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 45 years : US$ million 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. Investor(s) : 1. PT Waskita Toll Road (55%); 2. PT Energi Bumi Mining (25%); 3. PT Panca Wira Usaha Jawa Timur (20%); Financier : Financial close through Contractor Pre-Financing (CPF) IRR : 14.6 % NPV : US$ million Necessity: project s authorization risk, construction delay risk, payment risk and guarantee statement from Government. 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : 2019 Project is currently under land acquisition stage and under construction 71

72 JAKARTA - CIKAMPEK ELEVATED II TOLL ROAD LOCATION: Jakarta West Java LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 45 years : US$ 1,249.0 million 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. IRR : 12.6 % NPV : US$ million - Political risk - Termination risk - Tariff adjustment Investor(s) : 1. PT Jasa Marga (Persero) Tbk. (80%); 2. PT Ranggi Sugiron Perkasa (20%). Financier : Syndication of bank on investment credit 1. Preparation : Tender for SPC : Construction : Operation : 2019 Under construction 72

73 BATANG - SEMARANG TOLL ROAD LOCATION: Central Java LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna (Head of BPJT) ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 45 years : US$ million 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. IRR : 13.7% NPV : US$ million - Political risk - Land fund - Land acquisition - Tariff adjustment Investor(s) : 1. PT Jasa Marga (Persero) Tbk.; 2. PT Waskita Toll Road. Financier : Financial close through Contractor Pre-Financing (CPF) 1. Preparation : Tender for SPC : Construction : Operation : 2019 This project has reached financial close, currently under land acquisition stage and under construction 73

74 74 SERPONG-BALARAJA TOLL ROAD LOCATION: Banten LOCATION MAP Sector: Road Government Contracting Agency Sub-Sector: Toll road : Indonesia Toll Road Authority ( BPJT ) : Mr. Herry Trisaputra Zuna, Head of BPJT ; bpjt@pu.go.id or investasi2.bpjt@gmail.com : 40 years : US$ million 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. FIRR : 15.89% NPV : ± US$ million 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 - Political risk - Land acquisition - Tariff adjustment 1. Preparation : Tender for SPC : Construction : Operation : 2019 Financier Financial close, land acquisition and under construction

75 PINA PROJECTS

76 INVESTMENT OPPORTUNITIES IN PINA There are currently 5 PINA Categories Projects available for investment Sectors* Toll-road Airport Power Plant (IPP) Aerospace* Integrated Tourism Resort PINA Project Name & Status Waskita - Toll Road South Sumatera, North Sumatera & Greater Jakarta. Hutama Marga Waskita - Toll Road North Sumatera. West Java International - Airport (Phase 1) Kertajati, West Java. PP Energi - Power Plant, Meulaboh, Aceh. Number of Projects Project Cost (IDR) Project Cost (US$) Additional Information trillion 2,000.0 million trillion 1,010.0 million trillion million trillion million Gas-Fired Diesel Power Plant, Pesanggaran, Bali trillion million Various types of Power Plants of PT PJB Total 760 km Status: Under preparation Total 98 km Status: Under preparation International Airports Status: Ready to offer Total capacity 410 MW Status: Under preparation Total capacity 200 MW Status: COD on trillion 8,950.0 million Total Capacity 6,510 MW R80 Turboprop Airplane trillion 2,000.0 million Tananaga Land of Dragon Labuan Bajo, Flores trillion 1,000.0 million The development of the R90 turboprop regional airplane that carries passengers An integrated Eco-Tourism destination supported with Smart City concept Total trillion 15,902.6 million PINA Center for Private Investment, * In Process TBC as per August 31,

77 77 1. SRIWIJAYA MARKMORE PERSADA (SRIMP) LOCATION: Kayuagung Palembang Betung Sector: Road Sub-Sector: Toll road Company Concession Period Total Length : PT Waskita Toll Road : Joko W. Widodo (CFO) ; jw.widodo@yahoo.com : 40 years : km 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 km. Kayuagung Palembang Betung has 3 sections under construction and land acquisition process. The first section is expected to operate in June The second and third section are expected to operate in April 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. Investor(s) : 1. PT Waskita Toll Road (98%); 2. PD Bende Segukguk (1%); 3. PD Prodexim (1%). Estimated Investment Cost : US$ 1,085 billion IRR : 16% Payback Period : 12 years Toll Road Concession Agreement: - Tariff adjustment 1. Preparation : Land Acquisition & Tender for SPC : Construction : Operation : First section on June 2018, second and third section on April 2019 Ownership Structure Direct selling of 98% shares of PT Waskita Toll Road in SRIMP, including some of the construction Ready to offer

78 2. JASA MARGA KUALA NAMU TOLL (JMKT) LOCATION: Medan Kualanamu Tebing Tinggi Sector: Road Company Concession Period Total Length Sub-Sector: Toll road : PT Waskita Toll Road : Joko W. Widodo (CFO) ; jw.widodo@yahoo.com : 40 years : 61.8 km 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 The first section is expected to operate by the first quarter of The seventh section is expected to operate by the third quarter of Investor(s) : 1. PT Jasa Marga (Persero) Tbk. (55%); 2. PT Waskita Toll Road (30%); 3. PT Pembangunan Perumahan (Persero) Tbk. (15%). Estimated Investment Cost : US$ 303 million IRR : 14,9% Buyback Period : 19 years Toll Road Concession Agreement: - Land acquisition - Tariff adjustment - Land fund 1. Preparation : Land Acquisition & Tender for SPC : Construction : Operation : Section 2 6 on September 2017, Section 1 on first quarter of 2018 and Section 7 on third quarter of 2018 Direct selling of 30% shares of PT Waskita Toll Road in JMKT Ready to offer 78

79 3. KRESNA KUSUMA DYANDRA MARGA (KKDM) LOCATION: Bekasi Cawang Kampung Melayu Sector: Road Sub-Sector: Toll road Company Concession Period Total Length : PT Waskita Toll Road : Joko W. Widodo (CFO) ; jw.widodo@yahoo.com : 45 years : 14.5 km 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 The first section (A sub-section) with length of 3 km, is expected to operate in March The second section with length of 3.5 km is expected to operate in March The Bekasi Cawang Kampung Melayu toll road will be the most preferable route connecting downtown and eastern part of Jakarta. Investor(s) : 1. PT Waskita Toll Road (98.97%); 2. PT Jasa Marga (Persero) Tbk. (1.03%). : US$ million IRR : 15,51% Payback Period : 13 years Toll Road Concession Agreement: - Land acquisition - Tariff adjustment - Land fund 1. Preparation : Larap, Land Acquisition & Tender for SPC : Construction : Operation : First Section (B and C sub-section) on October 2017, (A subsction) on March 2018, Second Section on March 2019 Direct selling of 98,97% shares of PT Waskita Toll Road in KKDM Ready to offer Ownership Structure 79

80 4. HUTAMA MARGA WASKITA TOLL ROAD Company and Project Overview A. COMPANY PROFILE B. PROJECT OVERVIEW INVESTMENT OPPORTUNITIES IN HMW 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: 40% 30% 30% Projects Sources: PT Hutama Marga Waskita, PINA Center for Private Investment Project : Name Length : Concession : Start Operation : Start Concession : Period Total Cost : Kuala Tanjung Tebing Tinggi Parapat Toll Road 98.5 km years IDR trillion (US$ ~ 1 billion) 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 80

81 4. HUTAMA MARGA WASKITA TOLL ROAD Indicative Structure and Investment Objective 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) New Investors D. INVESTMENT OBJECTIVE Investment : Required Use of : Funds Equity financing HMW up to IDR ~4 trillion or US$ 300 million (assuming 50 km using VGF) Financing equity portion of HMW in projects PRELIMINARY Project RDPT Equity 2. Perpetuity Notes (Bonds Issued by Hutama Karya and fund will pass through to HMW) Capital Structure of Projects Target : Financial Close 30% equity 70% debt 2017 Perpetuity Notes Project Sources: PT Hutama Marga Waskita, PINA Center for Private Investment New Investors Contact: Wikumurti (Director) Mobile : Wikumurti@hutamakarya.com 81

82 4. HUTAMA MARGA WASKITA TOLL ROAD Project location Range Toll Road Additional route Range Sources: PT Hutama Marga Waskita, PINA Center for Private Investment 82

83 4. HUTAMA MARGA WASKITA TOLL ROAD Trace Survey of Tebing Tinggi - Parapat toll road Project Location Preliminary Basic Design Preliminary Basic Design Alternative Basic Design Alternative Basic Design Preliminary Basic Design Sources: PT Hutama Marga Waskita, PINA Center for Private Investment 83

84 5. WEST JAVA INTERNATIONAL AIRPORT PHASE-I Company and Project Overview 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: Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment 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 IRR (Project) 20% IRR (Equity) 22% NPV US$ 172 million Payback Period 6 years 84

85 5. WEST JAVA INTERNATIONAL AIRPORT PHASE-I Indicative Structure and Investment Objective 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. Project New Investor RDPT Equity D. INVESTMENT OBJECTIVE Investment : Required Investment Denomination : Use of Fund : Capital Structure Of Project : Preferred Instrument : Minimum : Investment Target Performance Contact : Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment 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 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 Contact: Victor Edward (EVP, Head of Loan Syndication and Structure Division PT Sarana Multi Infrastructure) Mobile : victor@ptsmi.co.id 85

86 5. WEST JAVA INTERNATIONAL AIRPORT PHASE-I Project Progress by July 5th 2017 Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment 86

87 5. WEST JAVA INTERNATIONAL AIRPORT PHASE-I Project Progress by July 5th 2017 Sources: PT Bandara Udara Internasional Jawa Barat, PINA Center for Private Investment 87

88 6. PP ENERGI POWER PLANTS Company and Project Overview A. COMPANY PROFILE B. PROJECT OVERVIEW PT PP Energi is a subsidiary of PT Pembangunan Perumahan (Persero), PP Energi was founded in 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 100% Projects Projects Lokasi PLTU Meulaboh/Nagan Raya 3&4 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 INVESTMENT OPPORTUNITY IN PP ENERGY POWER PLANT PROJECTS Coal-Fired Power Plant Meulaboh is already part of RUPTL (Electricity Supply Business Plan) PLN and 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. Sources: PT PP Energi, PINA Center for Private Investment 88

89 6. PP ENERGI POWER PLANTS Indicative Structure and Investment Objective 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) New Investors D. INVESTMENT OBJECTIVE Investment : Objective Use of : Funds IDR ~2 trillion (US$ 162 million) Equity financing for Coal-Fired Power Plant Meulaboh and project pipelines Projects Projects Projects RDPT Equity 2. Perpetuity Notes (Bonds issued by PP and fund will pass through to PP Energi) Capital : Structure of Project Preferred : Instrument 30% equity 70% debt Limited Participation Mutual Fund (RDPT Equity) Perpetuity Notes Perpetuity Notes Projects New Investors Contact : Supri (CFO/Director) Mobile : supri_pp5@yahoo.com Sources: PT PP Energi, PINA Center for Private Investment 89

90 7. Project Profile Gas-Fired Diesel Power Plant Pesanggaran 200 MW Bali Location : Denpasar, Bali Sector : Energy Sub Sector : Power generation Government Contracting Agency : PT Indonesia Power : Hermanugroho ; herman.nugroho@indonesiapower.co.id : IDR 15.3 million Project Scheme Financial Feasibility Based on Feasibility Study : IRR : 15% NPV : IDR billion Implementation Schedule ( ETA ) : COD on June 2015 Investor Financier : PT Indonesia Power : Equity by PT Indonesia Power Business Opportunity : Financier Project Status : COD on June 2015 Source: PINA Center for Private Investment 90

91 PJB S PROJECTS 91

92 Corporate Structure of PJB Group % 99,99% 0,01 % Subsidiary Sub Subsidary Affiliate 98,0% 98,9% 99,8% 73,0% 51,0% O&M EPC Investment BPI Investment PLN-SC Human Resource Supplier Engineering Consultant 30 % IPP PLTU Jawa 7 Certification of Competence 30 % 10 % IPP O&M PLTU Mamuju PLTU Jawa 7 49,0% 36,6% 29,1% 49,0% IPP IPP IPP O&M

93 Existing PJB Power Plant Muara Karang Combined-Cycle Power Plant, Steam Power Plant (Gas/HSD) 909 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 Bawean Gas Engine Power Plant 3 MW Cirata Hydroelectric Power Plant MW + Solar Power Plant 1 MW Brantas Hydroelectric Power Plant 281 MW Paiton Coal-Fired Power Plant 800 MW Bali 1 93

94 Coverage of Power Plant Pipeline PJB 94 Steam Gas PP Belawan 3,4 Coal-Fired Steam PP MT Kalselteng 3 Steam Gas PP Sumbagut 1,3,4 Coal-Fired Steam PP MT Kalselteng 4 Coal-Fired Steam PP MT Kalselteng 5 Steam Gas PP MT Riau 1 Steam Gas PP MT Sumsel 6 Steam Gas PP Jawa 5 Steam Gas PP Jawa 3 Total Project Value : US$ 8.95 billion

95 8. IPP Coal Steam Power Plant Mine Mouth Kalselteng 3 Location : Katingan Regency, Central Kalimantan Province LOCATION MAP Sector: Energy Company Sub-Sector: Power generation : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 400 million 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). IRR : N/A FIRR : N/A NPV : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker. EPC Contractor Financier : Private equity, infrastructure finance institution and banks. Source: PINA Center for Private Investment 1. Feasibility Study : EPC preparation : COD : 2019 Strategic partner, investor & financier Project currently under feasibility study and EPC preparation 95

96 9. IPP Coal Steam Power Plant Mine Mouth Kalselteng 4 Location : Katingan Regency, Central Kalimantan Province LOCATION MAP Sector: Energy Company Sub-Sector: Power generation : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 400 million The development IPP Coal Steam Power Plant Mine Mouth Kalselteng 5 (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). IRR : N/A FIRR : N/A NPV : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker. EPC Contractor Financier : Private equity, infrastructure finance institution and banks. Source: PINA Center for Private Investment 1. Feasibility Study : EPC preparation : COD : 2019 Strategic partner, investor & financier Project currently under feasibility study and EPC preparation 96

97 10. IPP Coal Steam Power Plant Mine Mouth Kalselteng 5 Location : Katingan Regency, Central Kalimantan Province LOCATION MAP Sector: Energy Company Sub-Sector: Power generation : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 1,000 million The development IPP Coal Steam Power Plant Mine Mouth Kalselteng 6 (2 x 300 MW) in Central Kalimantan Province is to improve the electrification ratio in the region with the scheme Build-Own-Operate-Transfer (BOOT). IRR : N/A FIRR : N/A NPV : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker. EPC Contractor Financier : Private equity, infrastructure finance institution and banks. Source: PINA Center for Private Investment 1. Feasibility Study : EPC preparation : COD : 2019 Strategic partner, investor & financier Project currently under feasibility study and EPC preparation 97

98 11. IPP Coal Steam Power Plant Mine Mouth Sumsel 6 Location : Muara Enim Regency, South Sumatera Province LOCATION MAP Sector: Energy Company Sub-Sector: Power generation : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 1,000 million 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). IRR : N/A FIRR : N/A NPV : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker EPC Contractor Financier : Private equity, infrastructure finance institution and banks. Source: PINA Center for Private Investment 1. Feasibility Study : EPC preparation : COD : 2019 Strategic partner, investor & financier Project currently under feasibility study and EPC preparation 98

99 Source: PINA Center for Private Investment IPP Coal Steam Power Plant Mine Mouth Riau 1 Location : Indragiri Hulu Regency, Riau Province LOCATION MAP Sector: Energy Company Sub-Sector: Power generation : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 1,000 million 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). IRR : N/A FIRR : N/A NPV : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker. EPC Contractor Financier : Private equity, infrastructure finance institution and banks. 1. FS preparation : COD : 2019 Strategic partner, investor & financier Project currently under feasibility study preparation

100 13. JAVA BALI POWER PLANT IPP BANTEN STEAM POWER PLANT (JAWA 5) Location : Kramatwatu Village, Serang Regency, Banten Province LOCATION MAP Sector: Energy Company Sub-Sector: Power generation : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 3,000 million 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). IRR FIRR NPV : N/A : N/A : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker. EPC Contractor Financier : Private equity, infrastructure finance institution and banks. Sources: PINA Center for Private Investment 1. Feasibility Study : EPC preparation : COD : 2021 Strategic partner, investor & financier Project currently under feasibility study and EPC preparation 100

101 14. JAVA BALI POWER PLANT IPP SUMBAGUT STEAM GAS POWER PLANT (SUMBAGUT 1,3,4) Location : Industrial Area, Medan City, North Sumatera Province. LOCATION MAP Sector: Energy Company Sub-Sector: Power generation : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 800 million 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). IRR FIRR NPV : N/A : N/A : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker. EPC Contractor Financier : Private equity, infrastructure finance institution and banks. Sources: PINA Center for Private Investment 1. Feasibility Study : EPC preparation : COD : 2020 Strategic partner, investor & financier Project currently under feasibility study and EPC preparation 101

102 15. JAVA BALI POWER PLANT IPP JAVA STEAM GAS POWER PLANT (JAWA 3) Location : Sidokurum Village, Gresik Regency, East Java Province. LOCATION MAP Sector: Energy Company Sub-Sector: Power generation : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 800 million 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). IRR FIRR NPV : N/A : N/A : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker. EPC Contractor Financier : Private equity, infrastructure finance institution and banks. Source: PINA Center for Private Investment 1. Feasibility Study : EPC preparation : COD : 2020 Strategic partner, investor & financier Project feasibility study has been done and EPC preparation 102

103 Source: PINA Center for Private Investment IPP Steam Gas Power Plant Riau 2 Location : Indragiri Hulu Regency, Riau Province Sector: Energy Sub-Sector: Power generation Company : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 250 million 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). IRR : N/A FIRR : N/A NPV : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker. EPC Contractor Financier : Private equity, infrastructure finance institution and banks. 1. COD : 2022 Strategic partner, investor & financier Land assessment and gas contract preparation

104 Sources: PINA Center for Private Investment IPP Steam Gas Power Plant Belawan 3 & 4 Location : Indragiri Hulu Regency, North Sumatera Province Sector: Energy Sub-Sector: Power generation Company : PT Pembangkit Jawa Bali : Mr. Yusri Febiyanto ; yussri.febiyanto@ptpjb.com : - : US$ 900 million 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). IRR : N/A FIRR : N/A NPV : N/A FUEL SUPPLY: Coal: Coal miner 51 % 49 % investor OFF TAKER: PT PLN (Persero) Investor(s) : - PLN as off taker EPC Contractor Financier : Private equity, infrastructure finance institution and banks. 1. COD : 2021/2023 Strategic partner, investor & financier Pre-feasibility study preparation

105 18. R80 TURBOPROP REGIONAL AIRPLANE PT REGIO AVIASI INDUSTRI (PT RAI) Location : Bandung & Kertajati, West Java Sector: Transportation Sub-Sector: Aircraft industry Government Contracting Agency : PT Regio Aviasi Industri : Mr. Desra F Ghazfan, CIO ; desra@regio-aviasi.co.id or desra@ghazfan.com : Until 2039 : US$ 1.5 billion 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 seats regional turboprop aircraft. Investor(s) Financier : N/A : N/A Source: PINA Center for Private Investment IRR : 13.85% FIRR : 16.48% NPV : US$ 3 billion Government support and Government guarantee will be determined in Final Business Case Study. 1. Full-Scale Development: First Flight: Certification Granted: First Aircraft Delivery: 2025 Strategic Partners - UK Export Finance - Federal Export Credit Guarantee of Germany Financial Investors R80 Aircraft Program Export Credit Aircraft Sales Transaction adviser/bidder/financier Phase 2.1 Preparation for full-scale development Risk-Sharing Partners Airlines Aircraft Leasing Whitetail 105

106 19. TANANAGA LAND OF DRAGON Location : Labuan Bajo Flores, East Nusa Tenggara LOCATION MAP Sector: Tourism destination Company : Flores Prosperindo, Ltd : Mr. Alfonso Pardede : 15 years Sub-Sector: Eco tourism with Smart City concept : US$ 1 billion An integrated Eco-Tourism destination supported with Smart City concept (Digital Technology Platform). Total development area is 1000 hectares. IRR : ± 14% FIRR : N/A NPV : N/A Investor(s) : ENGIE (Renewable Energy), GE, Azerai (Hotel & Resorts) and others Masterplan for Infrastructure and SEZ Special Economic Zone Status Financier : Private Equity and Banks Source: PINA Center for Private Investment 1. Construction : Operation : Strategic Partner, Investor, Operator & Financier Project currently under planning development 106