Priority Projects

Luky Eko Wuryanto

Talk at EU – Indonesia Business Dialogue Ïnfrastructure, Maritime Logistics Sector Meeting

19 November 2014

Promoting Private Participation in Infrastructure Development

Introduction • Fuel prices increase on 18 November 2014 – Demonstration of our

Government’s resolve to ensure fiscal sustainability and commitment to promote macroeconomic stability and growth.

• Reallocation of part of fuel subsidy savings to budget allocation for infrastructure development.

• Government firmly commits to infrastructure development to raise annual GDP growth from its current level of about 5.5 per cent to 7.0 per cent per annum in the next five years

• Revised Infrastructure development to a more strategic approach by integrating “on-land connectivity” –roads, rails and ports –to include maritime “toll road” emphasis to promote overall “connectivity” across land and seas to promote a stronger, more diversified and competitive economy to support growth and creating jobs.

• The overall financing needs for infrastructure development in Indonesia –both on-land and seas is huge. The Government recognizes the limitation of public sector financing to meet the huge resource demands and therefore, private participation is a MUST for our infrastructure development.

2

Rule of Thumb should be

around 5% of GDP for around 6% growth rate

Source: Bappenas

Trillion Rps

3

4

Compared to India and China, infrastructure investment in Indonesia is lagged behind. Since 2009, India infrastructure invesment spending has averagely been 7 % of its GDB while in

China, since 2005, it has reached around 9-11 % of its GDP

Infrastructure Financing Scheme

5

Infrastructure Budget Plan for 2015 – 2019 “Spirit: avoiding the middle income trap”

Rps Trilion

Source: National Development Planing

1) Expected National Budgets, not to be quoted

2) Expected National Budgets, not to be quoted

3) Supported funding expected from SOEs

4) Estimation of maximum private sector participation with accelerated PPP policies

5) Maximum PLN capability on around 250 T, other would be supported by government’s capital injections.

Sector Nat Budget1 Reg. Budget2 SOEs3 Private4 Total

Road 340 200 65 200 805

Railways 150 0 11 122 283

Sea Transportation 153 10 75 115 353

Air Transportation 85 5 50 25 165

Land Transportation 50 0 10 0 60

Urban Transportation 90 15 5 5 115

Electricity 5 100 0 445 435 980

Energy (oil and gas) 3,6 0 36 467 506,6

I C T 12,5 15,3 27 223 277,8

Water (Dams etc) 275,5 68 7 50 400,5

Drinking Water and Waste 227 198 44 30 499

Housings 384 44 12,5 87 527,5

TOTAL INFRACTRUCTURE 2065,6 555,3 592,5 1759 4972,4

PROSENTAGE 41,54% 11,17% 11,92% 35,38% 100,0%

6

NEW DIRECTION OF PPP DEVELOPMENT: “Simple, clear, speed, quality”

7

Direction for new PPP regulation development (1st Wave)

8

• Easier to explain

• Faster implementation expected

• At the beginning, may require more time to finalize draft

Bottom up refinement

“Simple, clear, speed, quality”

Zero-based draft based on several principles: • Simple and clear (open to

larger types of public infra and PPP schemes, fair rules)

• Speed of implementation (top down process management)

• Quality (strong gatekeeping function)

Top down revamp

Refine original Perpres 67/2005 • Add sectors • Add possibility for

bundling/unbundling • Add unsolicited incentives • Add availability payments • Simplifying bidding process • Etc.

Implementing KPPIP (Committee for Prioritized

National Projects) Pres. Decree 75/2014

“learning Process”

• The Coordinating Ministry of Economic Affairs (CMEA) to lead the coordination of infrastructure development across all ministries, SOEs, local governments

• The Committee is the “one-stop shop” and gate keeper for all inquiries and assist/guide potential private sector partners on their interest and investment in infrastructure.

Government Efforts to Accelerate PPP Implementation

9

10

Progress in Indonesia’s PPP • GoI Initiatives to Support Infrastructure Development

Land Fund Guarantee

Fund (IIGF)

Infrastructure

Fund

(PT SMI, IIF, PIP)

Capital market

and regulatory

reform

Private Investors

/ Lenders

Land

Acquisition

Political

Risks Project

Financing

Preparation Bidding Construction Operation

Cost of financing Refinancing

Government of Indonesia

Viability

Gap Fund

(VGF)

Project

Feasibility

Various fiscal facilities have been created since 2009, and new Land Law has been promulgated in early 2012.

10

Many of infrastructure project (especially PPP scheme) are not financially viable. Therefore government develop further the support and financial schemes to increase projects financial

returns to attrack investors

Government Support

Government Guarantee • Through IIGF (as explained) • Add attracktiveness for foreign investor to

participate in infrastructure development in Indonesia

Viability Gap Funding (VGF)

• Government provide financial contribution to winning investors to finance some part of construction cost.

• VGF will enhance projects’s financial return do that project is bankable

Financial Schemes

Direct Lending • Borrowing facility to SOE for guaranteeing the direct

lending to international donor and multilateral banks with lower interest rate.

• With this facility, borrowing process for loan agreement will be faster compared to convential SLA.

Performance Based Availability Scheme (PBAS) / Availability Payment

• Government provides commitment to give payment for every Pemerintah 6 month/ 1 year during project operation period to compensate investment and O&M.

• Payment is subject to compliance upon a set of standardized services set by the government.

• With PBAS/annuity scheme, government bear private investor’s demand risk

11

12

IIGF Pofile and Business Model (1/3)

• Infrastructure Sectors That Can be Guaranteed by IIGF

• Business Model • Brief Explanation • PPP Project guaranteed by IIGF will have 3 agreements: (1)

PPP Agreement, (2) Guarantee Agreement, (3) Recourse Agreement.

• Counter Guarantee can be provided by MOF only if there is co-guarantee arrangement with MDA, i.e. as part of guarantee structure provided to the Project Company.

• MOF as the national Treasurer may become the last resort for co-guarantee if the project is deemed worth to be guaranteed.

• IIGF guarantee model has been accepted by the market as can be seen that IIGF has issued the first guarantee for power project, acquired lending from the World Bank, and rated as BBB- (Sovereign Rating) by Fitch Ratings.

• IIGF involvement is expected to enhance Project bankability by ensuring to support only well structured PPPs with fair, reasonable risk allocation and robust risk mitigation, acquired through competitive process.

MOF

IIGF

Multilateral Development Agency/MDA

Government Contracting Agency

(Public Sector)

Project Company (Private Sector)

Policy & Equity Injection

Co

un

ter

Gu

aran

tee

for

MD

A’s

co

-gu

arn

atee

Credit / Guarantee Facility

Guarantee Proposal

Recourse Agrmnt

Guarantee Agrmnt

PP

P A

grmn

t

Co-Guarantee

Toll Road

Water Power Waste

Telecom Oil & Gas

Transport

Irrigation

Pre

side

ntia

l Reg

ulat

ion

13/2

010

Art

icle

4 (

1)

8 sectors represent 77% of Indonesia infrastructure

development in the Masterplan for Indonesia

Infrastructure Development (MP3EI)

Lender/Financier

Finan

cing

Agrm

nt

12

Government of Indonesia has rolled out various programs such as RPJMN, MP3EI, MPA, and the recently announced Maritime Toll that list infrastructure projects to be prioritized to ensure a

sustained long term economic development

13

Bappenas (35 Strategic Projects)

MP3EI - Consolidated (56 Priority Projects)

JKWJK’s Maritime Toll (23 Strategic Projects)

MPA (45 Priority Projects)

Masterplan for the Acceleration and Expansion of Indonesia Economic Development (MP3EI) aims to achieve Indonesia’s vision to create a self-sufficient, advance, just, and prosperous country by 2025. The 3 pillars of MP3EI are: 1. Increased connectivity in the

country via better infrastructure;

2. Equitable economic growth across the six economic corridors; and

3. Improved human capital via better science and technology education

Out of the 1,700 identified projects across the six economic corridors, the Government has shortlisted 56 priority infrastructure projects.

Bappenas Strategic Project list prioritizes infrastructure projects that are deemed necessary to support medium term economic growth and development under National Medium Term Development Plan 2015-2019. The list consist of 35 projects: 1. 15 projects based on

recommendation from Coordinating Ministry of Economic Affairs that will be prioritized for implementation.

2. 20 projects from National Medium Term Development Plan 2015-2019.

President Jokowi’s vision is to develop Indonesia into a strong maritime nation which can utilize the seas to optimize its borders and resources. The maritime toll road requires development of national connectivity through sea transportation, aided through maritime security through a strengthened naval infrastructure, and an expansion in maritime-supporting industries. Maritime toll road will be built in 5 years and in stages starting from 2015. The project will feature three categories of ports: 1. International hub seaports 2. Primary Seaports 3. Feeder and collector ports

Metropolitan Priority Area (MPA) program aims to transform and develop Greater Jakarta and surrounding area to attract investment and industrial development. MPA projects are focused on development of core infrastructures (i.e road, power plant) as well as urban development and smart city projects. The program consists of 45 priority projects, including 5 flagship projects with the highest of priority implementation and 18 fast track projects.

13

14

•Posture of Indonesia Main Ports and Domestic Liners Movements

15

• Maritime Focused Development

Pasific Ocean

Indian Ocean

• Regular and Scheduled Movements; Bigger ships (2000 TEUs above 3000 TEUs ).

• Dependable (main) ports facilities: efficient handling, intercon-nected online system, larger handling capacity.

• Accessible for on-land transport modes and functioned as distribu-tion centers to smaller ports.

• Developing hinterlands (regional economic centers, industrial zones etc).

Basic Concept

West East

16

Prioritized Industrial Development Zones Development (13 Outside Java, 2 Java)

1

3

5

4

6 7

15 14

9

10

8

11

12

13

2

SUMATRA: 1. Kuala Tanjung – North Sumatra 2. Sei Mangkei – North Sumatra 3. Tanggamus – Lampung

KALIMANTAN: 4. Batulicin – South Kalimantan 5. Ketapang – West Kalimantan 6. Landak – West Kalimantan

SULAWESI: 7. Palu – Central Sulawesi 8. Morowali – Central Sulawesi 9. Bantaeng – South Sulawesi 10. Bitung – North Sulawesi 11. Konawe Southeast Sulawesi

NORTH MALUKU : 13. Buli , East Halmahera – North Maluku WEST PAPUA: 14. Bintuni Bay – West Papua JAVA: 15. Sayung – Central Java 16. JIIPE – East Java

Around 2,5 bill US$ identified infrast invest-

ment is needed for 5 years to support their development

17

•Posture of Indonesia Main Ports and Domestic Liners Movements

18

• Maritime Focused Development

Pasific Ocean

Indian Ocean

• Regular and Scheduled Movements; Bigger ships (2000 TEUs above 3000 TEUs ).

• Dependable (main) ports facilities: efficient handling, intercon-nected online system, larger handling capacity.

• Accessible for on-land transport modes and functioned as distribu-tion centers to smaller ports.

• Developing hinterlands (regional economic centers, industrial zones etc).

Basic Concept

West East

19

Prioritized Industrial Development Zones Development (14 Outside Java, 2 Java)

1

3

5

4

6 7

16 15

9

12

10

8

11

13

14

2

SUMATRA: 1. Kuala Tanjung – North Sumatra 2. Sei Mangkei – North Sumatra 3. Tanggamus – Lampung

KALIMANTAN: 4. Batulicin – South Kalimantan 5. Ketapang – West Kalimantan 6. Landak – West Kalimantan

SULAWESI: 7. Palu – Central Sulawesi 8. Morowali – Central Sulawesi 9. Bantaeng – South Sulawesi 10. Bitung – North Sulawesi 11. Konawe Southeast Sulawesi

EAST NUSA TENGGARA: 12. Kupang – East Nusa Tenggara

NORTH MALUKU : 13. Buli , East Halmahera – North Maluku WEST PAPUA: 14. Bintuni Bay – West Papua JAVA: 15. Sayung – Central Java 16. JIIPE – East Java

20

Priority Projects: Port Sector


MP3EI (56 Priority Projects)

JKWJK’s Maritime Toll (23 Strategic Projects)


1. Cilamaya Port and

Access Road1

2. Tanjung Priok Port2


Access Road

2. Bitung Hub Seaport

3. Kuala Tanjung Hub Seaport

4. Maloy Port

5. East Pontianak Port


Access Road



5. Makassar New Port*

6. Tanjung Sauh Port, Batam*

7. Sorong Port in Seget

8. Kuala Tanjung Port (existing)

4. Maloy Port

9. Teluk Lembar Port

3. Tanjung Priok Port

Expansion



4. Makassar New Port*

5. Batam Port

6. Sorong Port

7. Tanjung Perak Port

8. Belawan Port

9. Ambon Port

10. Palangkaraya Port

11. Banda Aceh Port

12. Jayapura Port

13. Halmahera Port

16. Merauke Port

17. Padang Port

18. Panjang Port

19. Pangkal Pinang Port

20. Lombok Port

21. Kupang Port

22. Cilacap Port

14. Pontianak Port 23. Banjarmasin Port

15. Dumai Port

* PPP projects

1 Cilamaya port and access road: (1) International port,

(2) Car terminal, (3) Container terminal, (4) Access road,

(5) Freight Railway 2 Tanjung Priok Port: (1) Improvement and expansion of

container terminal of North Kalibaru, (2) Expansion of

car terminal at Kalibaru

Projects included in 3 programs


21

Priority Projects: Railway Sector




3. Jakarta Monorail*

5. Trans Sulawesi Railway

6. Central Kalimantan Coal Railway*

9. Elevated Loopline Railway Jakarta

7. Nangroe Aceh Darussalam Railway

8. Surabaya MRT and Tram

4. Jakarta – Bandung High Speed Railway*

1. MRT Jakarta North South Line

2. MRT Jakarta East West Line

1. MRT Jakarta (North South Line and

East West Line )

2. Jakarta Monorail*

5. Station Plaza Development and Park

& Ride System Enhancement

6. Introduction of Common

Ticketing System (Smart Card)

4. Jabodetabek Railway Capacity

Enhancement Project

3. Jakarta – Bandung High Speed Railway*

1. Makassar–Pare Pare Railway (Trans

Sulawesi)

2. Central Kalimantan Coal Railway*

(Purukcahu-Bangkuang-Mangkatip)

3. Solo – Madiun Doubletrack Railway

6. Muara Enim – Pulau Baai Coal Railway*

7. South Sumatra Monorail*

4. Madiun – Surabaya Doubletrack Railway

8. Integrated Railway Terminal Gedebage

9. Revitalization of Yogyakarta Rail Station

and Pedestrianization of Malioboro

5. Medan – Kualanamu Doubletrack Railway

* PPP projects



22

Priority Projects: Road Sector




1. Jakarta Outer Ring Road (JORR)

2. Second Jakarta – Cikampek Toll

Road

3. Improvement of Road Network within the

Industrial Area to the East of Jakarta

4. Improvement of Road Network in

Jabodetabek

5. Introduction of Intelligent Transport

System (ITS) In Jabodetabek

1. Trans Sumatra Toll Road

2. Manado – Bitung Toll Road*

3. Tanjung Priok Access Toll Road

4. Palu – Parigi Pass Road

5. Six Jakarta Inner City Toll Roads

6. Cibitung – Cilincing Toll Road

7. Gorontalo Ring Road

8. Sunda Strait Bridge

1. Trans Sumatera Toll Road3

2. Manado – Bitung Toll Road*

3. Tanjung Priok Access Toll Road

4. Palu – Parigi Pass Road

5. Cisumdawu Toll Road

6. Pasir Koja – Soreang Toll Road

7. Panimbang – Serang Toll Road*

8. Balikpapan – SamarindaToll Road*

9. Pandaan – Malang Toll Road

10. Lubuk Pakam – Tebing Tinggi Toll Road*

11. Access Road to Industrial Area in

Purwakarta

12. Enarotali – Tiom road

13. Pulau Balang Bridge

*PPP projects

3 Trans Sumatra Toll Road: (1) Medan – Binjai, (2)

Palembang – Indralaya, (3) Pekanbaru – Kandis –

Dumai, (4) Bakauheni – Terbanggi Besar, (5) Tebing

Tinggi – Kisaran – Rantau Prapat



23

Priority Projects: Airport, Urban Development, and ICT Sectors




1. Soekarno Hatta Airport

Expansion and Revitalization4

2. Karawang Airport5

1. Kertajati Airport 1. Kertajati Airport

2. Karawang Airport


Expansion and Revitalization

1. Palapa Ring Broadband

Airport

ICT

Urban Development

Airport

ICT

Urban Development

Airport

ICT

Urban Development

1. Consolidated Urban

Development Banda Aceh

2. Karya Jaya Integrated Terminal

Palembang

1. Urban Bus Rapid Transit

6. Pilot project of Urban

Development / Re-Development

1. Development of New Industrial Estate in

the Vicinity of New Airport

2. New Academic Research Cluster (NARC)

3. Development of New Township in

Jabodetabek

4. Smart Community (including a pilot

project for the Smart Grid)

5. Improvement of Jabodetabek

Power Supply Quality

*PPP projects

4 Soekarno Hatta Airport Expansion and Revitalization:

(1) Soekarno Hatta International Airport revitalization

and expansion, (2) Access Railway to Soekarno Hatta

International Airport 5 Karawang Airport: (1) New International Airport, (2)

Access road to New International Airport



1. Development of the Indonesia

Broadband Plan 2014-2019

24

Priority Projects: Energy Sector




1. Indramayu Coal Fired Powerplant

2. Takalar Coal Fired Powerplant

3. Pangkalan Susu Coal Fired

Powerplant

4. Central Java Coal Fired Powerplant*

6. Sumsel 9 – 10 Mine Mouth Coal

Fired Powerplant

5. Java-Sumatra HVDC 500 kV

Interconnector


2. Takalar Coal Fired Powerplant

3. Pangkalan Susu Coal Fired

Powerplant

4. Asam-Asam 5 – 6 Coal Fired Powerplant

5. Karama Hydropower Plant


2. Central Java Coal Fired Powerplant*

3. Java-Sumatra HVDC 500 kV

Interconnector

4. Banten Coal Fired Powerplant

5. Rajamandala Hydropower Plant

6. Other Renewable and Low-carbon

emission Power Projects connecting to

Java-Bali-Sumatera Power Network

7. West Java Coal-Fired Power Plant

with Clean Coal Technology

8. Development of Gas-fired Power

Plant and FSRU

* PPP projects



25

Priority Projects: Water and Sanitation Sector




1. Jatiluhur Water Supply

3. Jatigede Dam

2. National Coastal Integrated Coastal

Development (NCICD)

1. Jatiluhur Water Supply6

2. Jakarta Sewerage Treatment System

3. New Land Fill in Tangerang

4. Reconstruction of East Pump

Station at Pluit

5. Development of Drainage System

Jakarta

6. River Normalization in Jabodetabek

7. West Java Regional Solid Waste

Treatment

8. Development of Water Supply

Systems for Large-scale Infrastructure

Development

2. Jakarta Sewerage Treatment System

3. Umbulan Water Supply*

4. South Bali Water Supply*

5. Pondok Gede Water Supply*

6. Lamongan Water Supply*

7. Padang Water Supply*

9. Kolhua and Raknamo Dam

10. Putri Cempo Solid Waste Treatment*

11. Batam Solid Waste treatment*


8. East Agam and Bukittinggi Water Supply*

*PPP projects

6 Jatiluhur Water Supply: (1) Jatiluhur Water Supply,

(2) Rehabilitation of water supply facilities in Jakarta,

Bekasi, and Karawang



26

Priority projects that are included in at least 3 of the 4 programs (Bappenas, MP3EI, MPA and Maritime Toll)

Project Sector Area Description Funding Scheme

1. Cilamaya Port

2. Bitung Hub Port

3. Kuala Tanjung Hub Port

4. Indramayu Power Plant


Port

Port

Port

Power

Water

West

Java

North

Sulawesi

North

Sumatra

West

Java

West

Java

Public, PPP*

Public, PPP*

Public, PPP*

Public / Loan

SOE

Cilamaya Port is part blueprint of national

port logistic system. It is aimed to solve the

overcapacity and congestion problem in

Tanjung Priok Port, by supporting the

logistic needs of the surrounding area with

high industrial concentration

Bitung Hub Seaport is aimed to be the

international hub port in Eastern Indonesia

and act as a gateway of export – import

activites. Special economic zones are also

expected to be developed in the surrounding

area, such as SEZ Bitung

Kuala Tanjung Hub Seaport is aimed to be

the international hub port in Western

Indonesia and act as a gateway of export –

import activites. Special economic zones are

also expected to be developed in the

surrounding area, such as SEZ Sei Mangkei

and Kuala Tanjung

1000 MW coal fired powerplant in Indramayu

that will contribute to solving electricity

crisis in Java Island, especially to industrial

areas in West Java

Water supply project that will increase

capacity of clean water supply by 5000 litre/s

to Jakarta, Bekasi, and Karawang area,

There are 5 priority projects that are included in three programs, reflecting their strategic importance to be delivered by the new government

* Not decided yet

4,035

Investment Value

(Million USD)

2,700

3100

2,045

189

27

1. Tanjung Priok Port

4. Batam Port (Tanjung

Sauh)

Port

Port

Jakarta

Project Sector Area Description Funding Scheme

2. Maloy Port

3. Makassar New Port

5. Sorong Port

Port

Port

Port

6. MRT Jakarta

10. Central Kalimantan

Coal Railway

Railway

Railway

7. Jakarta Monorail

8. Jakarta-Bandung

High Speed Railway

9. Trans Sulawesi

Railway

Railway

Railway

Railway

Expansion of Tanjung Priok Port capacity,

including container and car terminal.

Port to support industrial area development

in East Kalimantan

East

Kalimantan

South

Sulawesi

Aimed to be regional hub port and support

the overcapacity existing Makassar port

Port to increase support industrial area in

Batam, and support the movement of goods

across indonesia

Batam

Regional port in Papua aimed to reduce

logistic cost in eastern Indonesia, especially

Papua Island

Urban public transportation to relief critical

traffic congestion in Jakarta. The project

includes north south line and east west line.

Jakarta

Urban public transportation to relief critical

traffic congestion in Jakarta.

Phase I of Jakarta – Surabaya high speed

railway project to increase mobility of people

in Java island.

Railway network to increase connectivity in

Sulawesi Island. Makassar-Pare Pare railway

as the first phase of the network.

Railway connection from coal mining areas

in central Kalimantan to port area to increase

efficiency of coal logistic in the region.

West Papua

Jakarta

West Java

Sulawesi

Central

Kalimantan

SOE

PPP*

Public

PPP*

800

806

178

360

Public* 161

Public, Loan 2,500

PPP 1,500

PPP* 4,760

Public, PPP 900 (300 for

Makassar – Pare

Pare)

PPP 2,200

Investment Value

(Million USD)

* Not decided yet

There are 22 priority projects that are included in two programs, reflecting their strategic importance to be delivered by the new government (1/2)

Priority projects that are included in at least 2 of the 4 programs (Bappenas, MP3EI, MPA and JKWJK’s Maritime

Toll)

28

11. Trans Sumatra Toll Road

14. Palu-Parigi Pass Road

Road

Road

Project Sector Area Description Funding Scheme Investment Value

(Million USD)

12. Manado-Bitung Toll Road

13. Tanjung Priok

Access Toll Road

15. Kertajati Airport

Road

Road

Airport

16. Karawang Airport

20. Central Java Power Plant

Airport

Power


18. Takalar Power Plant

19. Pangkalan Susu Power

Plant

Airport

Power

Power

21. HVDV

22. Jakarta Sewerage

Treatment System

Toll road network to connect the whole

Sumatra from Aceh to Bakauheni.

Power

Sanitation

Toll road to connect North Sulawesi’s capital

city and center of economic activity

Access toll road to Tanjung Priok to ease the

traffic jams on the existing access road.

Short cut road between Palu and Parigi city

in Central Sulawesi

New airport to replace the existing Husein

Sastranegara Airport in West Java

International Airport in Karawang to support

the overcrowded Soekarno Hatta

International Airport

Revitalization & expansion of Soekarno Hatta

International Airport to increase its capacity

2 x 100 MW Coal fired power plant in Takalar

to supply electricity in South Sulawesi

2 x 200 MW Coal fired power plant in Pangkalan

Susu to supply electricity in North Sumatra

2 x 1000 MW Coal fired power plant in Central

Java to increase electricity supply in Java

Island 500 kV interconnection transmission line to

transfer electricity from Sumatra to Java.

Sewerage treatment system in Jakarta to

improve the current treatment coverage of

only 4%, and is divided into 15 zones

Sumatra

North

Sulawesi

Jakarta

Central

Sulawesi

West Java

West Java

Banten

South

Sulawesi

North

Sumatra

Central

Java

Sumatra

Jakarta

SOE

Public

Public, Loan, PPP

Public

353

613

100

Public, PPP 113

Public* 3,620

Public* 3,620

Public, Loan 280

Public 417

PPP 4,000

Public, Loan 2,169

Public, PPP* 7,000

31,000

* Not decided yet

There are 22 priority projects that are included in two programs, reflecting their strategic importance to be delivered by the new government (2/2)

Priority projects that are included in at least 2 of the 4 programs (Bappenas, MP3EI, MPA and JKWJK’s Maritime

Toll)

29

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