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PT PII Wins the PPP Agency of the Year 2019 in Asia

24 June 2019

Singapore, June 24, 2019 - Indonesian Infrastructure Guarantee Corporation (Persero) / PT PII - which is one of the Ministry of Finance's Special Mission Vehicles (SMV) - received the Asia Infrastructure Award as the "PPP Agency of the Year 2019" in the Institution Award category, from The Asset, an integrated multi-media company focused on the financial industry in Asia.

This award strengthens PT PII's position as the only single window of the Government Guarantee Policy in the Public Private Partnership (PPP) scheme in the Asian region. This achievement is also expected to increase investor confidence and lenders in investing and financing national infrastructure projects. This was conveyed by the Director of PT PII Armand Hermawan at the time of receiving the award during the "The Asset Triple A Asia Infrastructure Awards 2019" event in Singapore.

"This achievement is inseparable from the efforts of all PII ranks, as well as very meaningful support from the Ministry of Finance as shareholders and all stakeholders. This achievement encourages PT PII to continue to carry out its responsibilities as well as possible, and continues to contribute in accelerating infrastructure development in Indonesia, "said Armand. Indonesia has successfully developed a PPP scheme as an infrastructure financing innovation that has been accepted by the market with the provision of guarantees for 22 PPP schemes in the toll road, transportation, drinking water, electricity and telecommunications sectors.

On a separate occasion, Indonesian Finance Minister Sri Mulyani Indrawati expressed her appreciation to PT PII for the award. "This award is an international recognition of the contribution of IIGF. Through PT PII's guarantee and strategic initiatives, the PPP scheme can be implemented by the Government as the Cooperation Project Responsible Agency (PJPK) and accepted by investors. The Ministry of Finance encourages PPPs as an alternative scheme for national infrastructure financing. Through a Special Mission Vehicle (SMV) such as PT PII, the gap in infrastructure financing in the APBN can be overcome, "continued the Minister of Finance.

The Minister of Finance also explained the importance of the role and mandate of PT PII in assisting the PJPK for project development facilities (PDF), especially in ensuring that projects are prepared properly and appropriately so that they can be accepted by the market. PT PII's participation in the Joint PPP Office (PPP Office) with related institutions is a form of active collaboration in answering the concerns of the GCA and investors in the project.

The program "The Asset Triple A Asia Infrastructure Awards 2019" was held in a series of discussion panels "The 4th Asia Infrastructure Finance Leaders Dialogue". The President Director of PT PII was a guest speaker at one of the panel sessions entitled "Infrastructure Projects in Asia: Looking Back and Looking Ahead" with the moderator Managing Editor of The Asset. Audiences at the discussion included international banking institutions and investment companies.

Previously, PT PII had also received a number of awards namely "The Best State Owned Company 2018" from SWA Magazine, "The Best Risk Asian Award 2018" from Asian Risk CMR and "The Trusted Company 2018" from the Corporate Governance Perception Index.



The Indonesia Infrastructure Guarantee Corporation (Persero) is one of the Ministry of Finance's Special Mission Vehicle (SMV) which has a mandate as the Providing of Government Guarantees Government Cooperation Scheme with Business Entities (PPP). PT PII also provides guarantees for state-owned loans to multilateral institutions, namely to PT ITDC for the Mandalika Special Economic Zone (KEK) Project and plays a role in assisting in Project Development Facility 5 PPP PPP infrastructure projects in the Health, Road and Transportation sectors.

Until this June, IIGF has provided guarantees to 19 PPP projects from 5 sectors, namely 10 Toll Road Sector Projects (Batang - Semarang, Balikpapan - Samarinda, Pandaan - Malang, Manado - Bitung, Jakarta - Cikampek II Elevated, Krian - Legundi - Bunder - Manyar, Cileunyi - Sumedang - Dawuan, Serang - Panimbang, Probolinggo - Banyuwangi and Jakarta - Cikampek II South Side), 4 Telecommunications Sector Projects (Western, Central and Eastern Palapa Rings and Multifunctional Satellites), 1 Electricity Sector Project (PLTU Batang), 3 Drinking Water Sector Projects (Umbulan SPAM, Bandar Lampung SPAM and West Semarang SPAM) and 1 Transportation / Railway Project (Makassar - Parepare Railway). PT PII also provides guarantees to 1 Non-PPP Project, namely the Mandalika Special Economic Zone (KEK) Project.