Indonesia: First Infrastructure Development Policy Loan

WASHINGTON, December 4, 2007 - The following project was approved today by the World Bank’s Board of Executive Directors:

IBRD Loan: US$200 million

TERMS:   Maturity=  20 years; Grace=  5 years

PROJECT DESCRIPTION:  This single-tranche Infrastructure Development Policy Loan  (IDPL ) is the first in a proposed series of programmatic IDPLs to support a carefully selected subset of Indonesia’s broader reform agenda on infrastructure, focusing on: (i) central government infrastructure expenditures; (ii) sub-national government infrastructure spending; (iii) public-private partnerships; and (iv) cross-sector infrastructure support such as land acquisition, environment and procurement reform. It builds on and deepens the reforms undertaken by the Government of Indonesia as supported by other development partners.

For more information please call

Elisabeth Jane Mealey  (202) 458 447  or email emealey@worldbank.org