Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) EAST ASIA AND PACIFIC | Indonesia | Public Private Partnership Global Practice | Recipient Executed Activities | Investment Project Financing | FY 2016 | Seq No: 2 | ARCHIVED on 29-Jun-2017 | ISR28954 | Implementing Agencies: Ministry of Finance, Republic of Indonesia, Ministry of Finance Key Dates Key Project Dates Bank Approval Date:22-Apr-2016 Effectiveness Date:25-Apr-2016 Planned Mid Term Review Date:29-Jun-2018 Actual Mid-Term Review Date:-- Original Closing Date:31-Dec-2020 Revised Closing Date:31-Dec-2020 Project Development Objectives Project Development Objective (from Project Appraisal Document) The Program Development Objectives (PDO) for IIFD is to assist Indonesia in closing its large public infrastructure gap by supporting the flow of private capital into infrastructure development and improving the institutional, legal and regulatory framework to enhance the ability of private capital and public institutions to work together for infrastructure Development. Has the Project Development Objective been changed since Board Approval of the Project Objective? No PHRPDODEL Components Name Pillar 1: Strengthening Agencies:(Cost $2.34 M) Pillar 2: Legal and Regulatory Frameworks:(Cost $0.30 M) Pillar 3: Project Selection, Preparation and Transaction:(Cost $3.65 M) Pillar 4: Inter-Agency Coordination:(Cost $0.74 M) Unallocated:(Cost $1.24 M) Overall Ratings Name Previous Rating Current Rating Progress towards achievement of PDO  Satisfactory  Satisfactory Overall Implementation Progress (IP)  Satisfactory  Satisfactory 6/29/2017 Page 1 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Overall Risk Rating  Moderate  Moderate Implementation Status and Key Decisions MOF has agreed that immediate uses of the Recipient Executed TF (RETF) will be to: (i) finalize the PPP Unit SOPs and operationalize them by working closely with KPPIP and BAPPENAS and GCAs to ensure PPP Units services and processes are well designed to service the needs of the various stakeholders; (ii) improve the effectiveness in reviewing PPP projects submitted to MOF, including allocation of PDF funding, to the extent available; (iii) provide proactive advice to GCA teams to ensure best practice implementation of projects and successful implementation where possible; (iv) identify additional projects for implementation as PPP, in addition to those selected as priority projects by KPPIP and BAPPENAS; (v) provide immediate support to the PPP Joint office to increase coordination among the PPP stake holder in project identification and preparation (vi) design and deliver communications and capacity building strategies, in order to help PPP Unit, KPPIP, BAPPENAS to understand the importance of PPP, how to implement it and to give a coordinated message about the PPP program; and (vii) to build resources and capacity in PPP Unit MOF and KPPIP to deliver PPP program by hiring a series of transaction advisors to improve prioritization and delivery of PPP projects. Risks Systematic Operations Risk-rating Tool Risk Category Rating at Approval Previous Rating Current Rating Political and Governance  Moderate  Moderate  Moderate Macroeconomic  Moderate  Low  Low Sector Strategies and Policies  Moderate  Moderate  Moderate Technical Design of Project or Program  Moderate  Moderate  Moderate Institutional Capacity for Implementation and Sustainability  Substantial  Moderate  Moderate Fiduciary  Moderate  Moderate  Moderate Environment and Social  Moderate  Moderate  Moderate Stakeholders  Moderate  Substantial  Moderate Other  Low  --  -- Overall  Moderate  Moderate  Moderate Results Project Development Objective Indicators PHINDPDOTBL  Support the Government in Private/ PPP investment in infrastructure (Water, Telecom, energy, transportation) as percent of GDP (Percentage, Custom) Baseline Actual (Previous) Actual (Current) End Target 6/29/2017 Page 2 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Value 0.59 0.59 0.59 1.00 Date 30-Sep-2014 03-Jun-2016 26-Jan-2016 31-Dec-2020 PHINDPDOTBL  Amount of PPP investment in infrastructure (Amount(USD), Custom) Baseline Actual (Previous) Actual (Current) End Target Value 327.40 327.40 5,688,148,148.50 940,523,270.00 Date 30-Sep-2014 03-Jun-2016 26-Jan-2016 31-Dec-2020 Overall Comments The number of PPP projects reached the signed agreement and financial close in 2016, with total investment of USD 5,688.15 million, which covered: 1 . Central Java Power Plant (2 x 200 MW), total investment USD 2,962.96 million; 2 . Umbulan Water Project (4000 l/sec), total investment USD 155.56 million; 3 . Palapa Ring Project (Western package), total investment USD 94.81 million; 4 . Palapa Ring Project (Central package), total investment USD 102.22 million; 5 . Palapa Ring project (Eastern package), total investment USD 380 million; 6 . Manado - Bitung Toll road, total investment USD 377.78 million; 7 . Balikpapan - Samarinda Toll road, total investment USD 733.33 million; 8 . Pandaan - Malang Toll road, total investment USD 437.04 million 9 . Serpong - Balaraja Toll road, total investment USD 444.44 million. Intermediate Results Indicators PHINDIRITBL  Sucessfully Piloted Initial PPP Projects (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 2.00 0.00 9.00 2.00 Date 30-Sep-2014 03-Jun-2016 26-Jan-2016 31-Dec-2020 6/29/2017 Page 3 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) PHINDIRITBL  Fully Functional PPP Unit Established Including Relevant Decision Making Authority for PPP Implementation (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 2.00 5.00 Date 30-Sep-2014 -- 26-Jan-2017 31-Dec-2020 PHINDIRITBL  Frequency of Advise on PPP Projects Development provided to the KPPIPand GCA (Number, Custom Breakdown) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 12.00 7.00 Date 25-Apr-2016 03-Jun-2016 26-Jan-2016 31-Dec-2020 PHINDIRITBL  Project Ready for bid/FS has completed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 8.00 3.00 Date 30-Sep-2014 -- 26-Jan-2017 31-Dec-2020 PHINDIRITBL  Critical regulatory bottlenecks are amended or changed (Number, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 0.00 -- 1.00 1.00 Date 30-Sep-2014 -- 24-Feb-2017 31-Dec-2020 6/29/2017 Page 4 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) PHINDIRITBL  Duration of project cycle from preparation until bid award (Years, Custom) Baseline Actual (Previous) Actual (Current) End Target Value 8.00 -- 2.00 4.00 Date 30-Sep-2014 -- 26-Jan-2017 31-Dec-2020 Overall Comments Data on Financial Performance Disbursements (by loan) Project Loan/Credit/TF Status Currency Original Revised Cancelled Disbursed Undisbursed Disbursed P157490 TF-A2268 Effective USD 2.45 2.45 0.00 1.23 1.22 50% Key Dates (by loan) Project Loan/Credit/TF Status Approval Date Signing Date Effectiveness Date Orig. Closing Date Rev. Closing Date P157490 TF-A2268 Effective 22-Apr-2016 25-Apr-2016 25-Apr-2016 31-Dec-2020 31-Dec-2020 Cumulative Disbursements 6/29/2017 Page 5 of 6 Public Disclosure Copy Public Disclosure Copy The World Bank Implementation Status & Results Report Indonesia's Infrastructure Finance Development (IIFD) - RE (P157490) Restructuring History There has been no restructuring to date. Related Project(s) There are no related projects. 6/29/2017 Page 6 of 6 Public Disclosure Copy