Country for PR: Hong Kong
Contributor: PR Newswire Asia (Hong Kong)
Tuesday, June 25 2019 - 22:19
IIGF Honored with The Asia's "PPP Agency of the Year 2019"
SINGAPORE, June 25, 2019 /PRNewswire-AsiaNet/ --

Indonesia Infrastructure Guarantee Fund (IIGF)[] -- the 
Indonesian Ministry of Finance's Special Mission Vehicles, received the Asia 
Infrastructure Award for "PPP Agency of The Year 2019" with a category of 
Institution Award. The award has been granted by The Asset, an Asia's financial 
service integrated multi-media company.

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It has strengthened IIGF's position as the sole single window policy for 
providing government guarantees for Public Private Partnership (PPP) projects 
in Asia, expected to boost a greater confidence to fund the national 
infrastructure projects, as stated by the President Director of IIGF, Armand 
Hermawan at the "The Asset Triple A Asia Infrastructure Awards 2019" ceremony 
in Singapore.

"We acknowledge the great efforts exerted by the IIGF executives, Ministry of 
Finance for their continued support as shareholders, and our stakeholders. This 
award encourages us to succeed the Indonesia's infrastructure development at an 
accelerated pace," said Armand. With the provision of guarantees to around 22 
PPP projects for toll roads, transportation, drinking water, electricity, and 
telecommunications, Indonesia has constructed a successful PPP market in the 
national infrastructure funding. 

Honoring the outstanding achievement, Indonesian Minister of Finance, Sri 
Mulyani Indrawati remarked, "The award scoops an international recognition for 
the IIGF's contribution. Deploying its strategic initiatives, now the PPP 
scheme can be implemented by the government and accepted by investors. We 
support PPP to engage in the infrastructure financing with the scheme. Thus, 
through IIGF, the financing gap in the state budget of revenues and 
expenditures (APBN) will be overcome."

The Minister added that IIGF has continuously assisted contracting agency in 
the project development facility (PDF), ensuring proper preparation and 
transaction to meet market needs. Through an active collaboration between PPP 
units and related institutions in the IIGF, this resolves any concerns from the 
agency and investors.

"The Asset Triple A Asia Infrastructure Awards 2019" was part of a panel 
discussion on "The 4th Asia Infrastructure Finance Leaders Dialogue," attended 
by international banking institutions and investment companies. The IIGF's 
President Director presented as a speaker at a panel session "Infrastructure 
Projects in Asia: Looking Back and Looking Ahead," moderated by The Asset's 
Managing Editor.

IIGF has previously received numerous awards, including SWA Magazine's "The 
Best State-Owned Company 2018," Asian Risk CMR's "The Best Risk Asian Award 
2018," and the Corporate Governance Perception Index's "The Trusted Company 


The Indonesia Infrastructure Guarantee Fund (Persero) is the sole Ministry of 
Finance's Special Mission Vehicle (SMV) which is responsible for providing 
government guarantees for the Public Private Partnership (PPP) scheme project. 
IIGF provides guarantee on state-owned loans to multilateral institutions, 
including PT ITDC for the Mandalika Special Economic Zone Project, and assists 
in Project Development Facility for 5 PPP infrastructure projects in the 
health, road and transportation.

In June 2019, IIGF has enacted guarantees to 22 PPP projects from 5 sectors, 
including 11 Toll Road 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 Projects (Western, Central and Eastern Palapa Ring and 
Multifunctional Satellite), 1 Electricity Project (Batang), 3 Drinking Water 
Projects (Umbulan, Bandar Lampung, and West Semarang) and 1 Transportation / 
Railway Project (Makassar - Parepare Railway). IIGF provides guarantees to 1 
Non-PPP Project, the Mandalika Special Economic Zone.

Media Contact:
EVP Corporate Secretary & Communications
Tel: 62-21-57950550
Fax: 62-21-57950040

SOUECE Indonesia Infrastructure Guarantee Fund (IIGF)

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