The World Bank Report No: ISR10028 Implementation Status & Results Indonesia Indonesia Infrastructure Finance Facility (P092218) o 0 o Operation Name: Indonesia Infrastructure Finance Facility (P092218) Project Stage: Implementation Seq.No: 6 Status: ARCHIVED Archive Date: 01-Jun-2013 Country: Indonesia Approval FY: 2009 6 Product Line: IBRD/IDA Region: EAST ASIA AND PACIFIC Lending Instrument: Financial Intermediary Loan 0 O Key Dates Board Approval Date 24-Jun-2009 Original Closing Date 31-Dec-2013 Planned Mid Term Review Date 17-Jun-2012 Last Archived ISR Date 24-Dec-2012 Effectiveness Date 25-Apr-201 1 Revised Closing Date 31-Dec-2013 Actual Mid Term Review Date Project Development Objectives Project Development Objective (from Project Appraisal Document) The objective of the Project is to strengthen and further develop the institutional framework of the financial sector to facilitatefinancing of commercially viable infrastructure projects and thereby increase provision of private infrastructure in Indonesia. Has the Project Development Objective been changed since Board Approval of the Project? O Yes ® No Component(s) Component Name Component Cost On-lending of Bank loan to eligible infrastructure projects 100.00 Overall Ratings Previous Rating Current Rating Progress towards achievement of PDO Unsatisfactory Moderately Satisfactory Overall Implementation Progress (IP) Moderately Unsatisfactory Moderately Satisfactory a Overall Risk Rating Substantial ' Implementation Status Overview o The IF project aims to strengthen and further develop the institutional framework of the financial sector to facilitate financing of commercially viable infrastructure projects and thereby 0 .c increase provision of private infrastructure in Indonesia. The project was approved on June 25, 2009 and became effective on April 25, 2011. The first disbursement ($10 million) from 0 the Bank took place in December 2012. -0 3 During the last few months, there has been significant implementation progress under the project in terms of establishment and overall capacity building of IlF. As of April 2013, IF had developed a project pipeline of 12 projects in the following sectors: transport (toll road), power, oil and gas, telecommunications, water, and ports. The Board of Commissioners (BOC) has provided credit approval for three of the projects. Financing for the first sub-project, a roughly US$ 50 million project financing the construction of a 116km Cikampek- Palimanan toll road in Java ('the LMS' project) was signed in September 2012 and started construction in March 2013. This intervention served to leverage about $900 million in total Page 1 of 4 @ The World Bank Report No: ISR10028 financing and investment. The other two projects, totaling about $210 million in investments in a gas fired plant and a water treatment plant, once signed, are expected to lead to additional interventions on the part of lIF totaling about $55 million, which will further accelerate disbursements under the Bank loan. Social and environmental safeguards capacity building With on-site assistance from the Bank, lIF has devoted extensive efforts to building its Social and Environmental Management Safeguards (SEMS) capacity over the last six months 0 through training, workshops, hiring of new staff, and also through application of safeguards policies to projects in the pipeline. Intensive efforts will need to continue to build adequate 3 capacity in this area over the medium-term and enable lIF to implement the SEMS in the short-term for projects in its current pipeline. 0 U Locations No Location data has been entered 0. Results Project Development Objective Indicators Indicator Name Core Unit of Measure Baseline Current End Target Increase in the amount of financing from Bank Amount(LSD) Value 0.00 10.00 funds provided by the IlFF to commercially Date 27-Mar-2009 09-May-2013 31-Dec-2013 viable infrastructure projects through long-term debt financing and financial products over the life of project Increase in the amount of private capital Amount(USD) Value 0.00 900.00 0.00 (including long-term debt and equity) leveraged Date 27-Mar-2009 09-May-2013 31-Dec-2013 by the lIF over the life of the project. increase in private capital for infrastructure projects over the life of the project. Total Loans provided by the IE to be in line with projections in the Project Appraisal Document (PAD), Annexes 12, Table 14-Summary of Balance Sheet Projections. 0 ) Increase in number of privately financed Amount(USD) Value 0.00 0.00 23 infrastructure projects made bankable through Dt 7Mr20 6Nv21 1Dc21 :3 Date 27-Mar-2009 09-May-2013 31 -Dec-2013 U) the IE's advisory services Comments 0 0 I is expected to be obtaining A t revenue from advisory o services in line with . projections in the Project Appraisal Document (PAD), Annexes 12, Table 15- Page 2 of 4 The World Bank Report No: ISR10028 Saeent Projections. Intermediate Results Indicators 0 Indicator Name Core Unit of Measure Baseline Current End Target 2 Infrastructure sub-projects financed Number Value 0.00 1.00 Date 26-Nov-2012 Comments Data on Financial Performance (as of 21-Dec-2012) Financial Agreement(s) Key Dates Project Ln/Cr/Tf Status Approval Date Signing Date Effectiveness Date Original Closing Date Revised Closing Date P092218 IBRD-77310 Effective 24-Jun-2009 15-Jan-2010 25-Apr-201 1 31-Dec-2013 31-Dec-2013 Disbursements (in Millions) Project Ln/Cr/Tf Status Currency Original Revised Cancelled Disbursed Undisbursed % Disbursed P092218 IBRD-77310 Effective USD 100.00 100.00 0.00 10.00 90.00 10.00 Disbursement Graph - Original ---- Formally Revised -- Actual 12- 10- 0 Illll - I .U) 0 - Key Decisions Regarding Implementation Page 3 of 4 ) The World Bank Report No: ISR10028 None. Restructuring History There has been no restructuring to date. C) Related Projects U o There are no related projects. 0 U 0P .U) Pae ,o