Indonesia's COVID-19 Vaccination and Economic Resilience Strategy
Other Financing Scheme and Modality - Indonesia Investment Authority
(INA) as an Alternative Source of Economic Development Financing
Legal basis
Other Creative
Financing for
Infrastructure
Development
⚫PP Number 73 of 2020 concerning Initial Capital for indonesia Investment Authority
⚫PP Number 74 of 2020 concerning Indonesia Investment Authority
•PP Number 49 of 2021 concerning Tax Treatment of Transactions Involving Indonesia Investment Authority and/or Entities
Owned
⚫PP Numbers 110 and 111 of 2021 concerning the Addition of PMN to the Capital of Investment Management Institutions
⚫The Supervisory Board has been formed based on Presidential Decree No. 6/P of 2021
•The Board of Directors has been formed based on the Decree of the INA Council Number 1 of 2021
⚫An initial capital of IDR 15 T has been allocated in 2020, and an additional capital of IDR 15 T from PMN and from the transfer
of shares amounting to IDR 45 T
•There have been discussions with more than 50 companies to become strategic partners, and several countries have
expressed a desire to partner with INA
Main Sectors of Investment
Health
Services
Seaports
Toll
Airport
Road
Industrial
Area
Digital
Infrastructure
Renewable
Energy
Traditional
Energy
Plantation
Source: Committee for Acceleration of Priority Infrastructure Delivery (KPPIP)
Development of INA's Progress
The total investment opportunity commitment received up to June 2022 reached >USD 20 billion.
At least two investment opportunities are expected to be closed in 2022-2023: Toll Road and Seaport.
Current cooperation agreements secured are:
.
Toll Road: Investment platform with ADIA, CDPQ, and APG for USD 3,75 billion. Hutama Karya's
opportunity is expected to close in December 2022, while ADIA is reevaluating the Waskita Karya
opportunity.
•Seaports: Alliance agreement with DP World to develop ports and support infrastructure amounting
to USD 7.5 billion throughout the concession period.
⚫ General: USD 10 billion investment framework agreement with ADG for various sectors in Indonesia
Investment opportunity that has been completed: Digital infrastructure: Mitratel's IPO with ADIA, ADG,
and GIC for a total of USD 770 million
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