Indonesia Infrastructure Guarantee Fund / IIGF while participating in the Asia Infrastructure Forum 2024 - the leading forum for infrastructure players in Asia - organized by Infrastructure Asia (InfraAsia) in Singapore, invited international private parties to build infrastructure.

At the international event which took place at the Suntec Singapore Convention & Exhibition Center, Singapore, on 4-5 June 2024, the company inaugurated a collaboration with InfraAsia, an institution part of Enterprise Singapore and the Monetary Authority of Singapore, which has a mission to support social and economic growth through infrastructure development in collaboration with the government and private sector in the Singapore region and surrounding areas.

With this collaboration, the company strengthens its position as a connector in Indonesia, especially for investors and financiers in Singapore and the surrounding region. It is hoped that it can increase sustainable national infrastructure development and increase added value through foreign investment and financing.

IIGF and InfraAsia agreed to collaborate and expressed it in the form of a Memorandum of Understanding (MoU) document which includes Market Awareness; Project consulting and derisking facilities; as well as capacity development for government, especially in waste management projects, clean water supply and/or waste water management, urban infrastructure with a low carbon concept or other sectors.

The collaboration between IIGF and InfraAsia aims to support sustainable infrastructure development in Indonesia through international strategic partnerships thereby increasing accessibility to foreign investment, global expertise, financing and other support.

Executive Director of InfraAsia, Lavan Thiru, stated that this MoU plays an important role for InfraAsia, especially in the strategic partnership between Singapore and Indonesia to accelerate infrastructure growth in Singapore and its surroundings through the Public Private Partnership (PPP) scheme.

Cohesive and coordinated efforts between the public and private sectors are critical to realizing sustainable infrastructure goals in Asia and InfraAsia is committed to driving more collaborative initiatives in the region.

IIGF Business Director, Andre Permana in the Project Discussion session entitled Urban Infrastructure: Balancing Growth & Sustainability conveyed the role of the government, especially the Ministry of Finance, in supporting the implementation of PPP in Indonesia by providing fiscal tools to accelerate infrastructure development, such as the Project Development Facility (PDF), Viability Gap Funds (VGF) and Government Guarantees.

Back