Next Steps and Delivery per Agreement

In the context of growing public commitment to more efficient and standardized PPP project delivery in Indonesia, the BWG is, more than ever before, keen to collaborate with some of the key Indonesian public agencies to accelerate the implementation process.

The BWG is willing to take action at two levels:

1.  Initiate strategic dialogue between select representatives of the private sector (CEO level) and heads of Indonesian regulatory agencies (Bank of Indonesia, OJK, Minister of Finance, Coordinating Minister for Economic Affairs) to facilitate access to local currency, long-term finance and guarantees at country level. The World Economic Forum will help facilitate this discussion by leveraging its multistakeholder platform, including at the Annual Meeting 2017 in Davos-Klosters, Switzerland.

2.  To implement BWG recommendations, demonstrate their validity and design a model for replication, the BWG will select a pilot project for acceleration. This in-depth project assessment will aim to illustrate the specific issues that are slowing down project delivery and accelerate the implementation process by leveraging skills and expertise represented by the BWG business community. It will also serve as an excellent capacity-building exercise by providing much needed project-specific experience to all parties involved.

Active participation and endorsement by the public sector is key to the success of this pilot. Mandated to act as the central coordinating agency and project lead, the KPPIP appears to be an ideal BWG partner for this process. Participation of some SOEs in this exercise would also be beneficial for a more integrated approach to PPP delivery.

The BWG will select a pilot project and identify the tasks for the private and public parties involved for implementation. In the coming weeks, the Forum will propose specific selection criteria to the BWG and collect nominations for the pilot project.