JAKARTA - The Ministry of Public Works (PU) ensures that the allocation of the APBN alone will not be sufficient to finance infrastructure development in the country for the future. Therefore, breakthroughs or innovations are needed in terms of infrastructure financing.
Director General of Infrastructure Financing (DJPI) of the Ministry of Public Works, Triono Junoasmono or Yongki, said that his party had prepared a number of alternative financing schemes that could be used for future infrastructure financing.
"So, we, the Directorate General of Infrastructure Financing, have made many breakthroughs that we have made in the next 5 years and our plan is in the future," Yongki said in the Infrastructure Financing Podcast to Support Indonesia Gold 2045 on the Ministry of PUPR YouTube, quoted on Saturday, January 18.
One of the financing schemes developed is the cooperation between the government and business entities, aka KPBU. Yongki said that his party had developed many innovations or alternatives in this financing scheme.
"Now in this KPBU scheme, DGTI has developed many alternative schemes, especially for financing, which we hope will certainly increase investment through cooperation and collaboration with investors or private parties," he said.
Yongki also gave an example such as his party having made a better business to business scheme.
"Then, we use the use of the dam for electricity, there is also cooperation in the use of state-owned goods or KSP BMN and also the provision of infrastructure for regional development," he said.
There is also a land value capture scheme. Yongki explained, when there is one project, such as toll road construction, the government will calculate not only the toll road sector, but also all of its regional development.
"Well, this is interesting. So, for example, we have a toll road infrastructure project. That's not only the toll road sector that we calculate for the KPBU, but for the development of the region or we call it land value capture," he said.
In addition, said Yongki, there are other alternative schemes called hybrid annuity models, via the probability gap funding financing and fast track.
"Then there is also an acceleration or fast track related to the preparation and auction of KPBU. So, what was previously quite long ago, we tried to accelerate it so that the process would be faster and the construction would be faster," he explained.
According to Yongki, all infrastructure financing innovations have been outlined in the draft draft Ministerial Regulation and will soon be published.
"Well, we have included all these innovations in the draft regulation of the KPBU minister at the Ministry of Public Works which hopefully will come out in the near future," he added.
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