Project profile — Accelerating Sustainable Public-Private Investment for Infrastructure Renewal (ASPIRE)

• Indonesia (100.00%)

• Water And Sanitation: Water sector policy and administrative management (14010) (20.00%)
• Transport And Storage: Transport policy and administrative management (21010) (40.00%)
• Energy Generation, Distribution And Efficiency - General: Energy policy and administrative management (23110) (20.00%)
• Banking And Financial Services: Financial policy and administrative management (24010) (10.00%)
• Business And Other Services: Business support services and institutions (25010) (10.00%)

• Gender equality (not targeted)
• Environmental sustainability (cross-cutting) (not targeted)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

This initiative aims to facilitate the preparation and structuring of bankable Public Private Partnership (PPP) projects to increase investment in infrastructure to support sustainable economic growth in Indonesia. The project includes two interrelated components. The first aims to establish and operationalize a PPP Centre to act as the country's lead agency in PPP project development. The second provides critical complementary support to develop a strong PPP project pipeline, lay the legal and regulatory framework for PPPs in infrastructure, and catalyze early bankable PPP projects. These early investments are intended to demonstrate the value of the PPPs in addressing sustainable infrastructure for poverty reduction and increased access to markets, with an emphasis on the transportation sector, an area of strong Canadian expertise. The project also allows the Indonesia PPP Centre to receive support from the APEC PPP Expert Advisory Panel and to guide the development of PPPs projects in Asia.

The expected intermediate outcomes for this project include: (i)a functional PPP Centre within the Government of Indonesia and APEC PPP Expert Advisory Panel best practices adopted; (ii) increased effectiveness of the Government of Indonesia to identify, screen, prepare and tender bankable PPP projects; and (iii) improved investment climate for infrastructure development.

Results achieved as of December 2021 include: (1) a functional public—private partnership (PPP) centre. The staff members, 46 employees, have all obtained their PPP certifications; (2) established a five-year infrastructure PPP program (2020-2024) focusing on certain sectors (water; urban transport; waste management; housing, gas distribution, health); (3) the government of Indonesia has prepared and successfully tendered significant amounts of bankable PPP projects; (4) reached final close of 23 PPP projects at a total investment value of US$13,250 billion (5) the Public Private Partnership centre prepared 31 PPP projects using a project development facility; (6) public—private partnership projects completed the pre-qualification process and brought to market with project development facility support; (7) improved investment climate for infrastructure development through regulations that ease infrastructure finance and development bottlenecks; (8) amended four critical regulations to help advance public—private partnership approach in infrastructure development; and (9) produced several analytical reports that contributed to regulations in capital market deepening.

• Proactive disclosure
• Related activities:
• Accelerating Sustainable Public-Private Investment for Infrastructure Renewal (ASPIRE)
• Accelerating Sustainable Public-Private Investment for Infrastructure Renewal (ASPIRE) - Monitoring