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PojokId . The World Bank report entitled Infrastructure Sector Assessment Program released in June 2018 stated that the Joko Widodo (Jokowi) Government was too reliant on state-owned companies to build infrastructure. This was reflected in the government's decision to provide direct assignments of a number of projects to SOEs. Whereas, in fact, the projects given to SOEs are projects that are not in demand in the eyes of private sector investors. However, in fact, commercial projects were given to SOEs. For example, commercial port development projects are given directly to Pelindo III and Pelindo IV. "The most feasible and making money is often assigned to SOEs," the report wrote. According to the international institution, the Committee for the Acceleration of Priority Infrastructure Provision (KPPIP) should screen which projects are feasible and not for private investors. But unfortunately, until the report came out, there were no clear indicators which projects should...

LiputanNet . The World Bank calls infrastructure projects in Indonesia of low quality, lack of readiness, and not well planned. This is a major obstacle for the Government of Indonesia to mobilize more private capital into various infrastructure development projects. In a report titled the Infrastructure Sector Assessment Program released in June 2018, the World Bank explained that Indonesia's infrastructure projects were not prioritized based on clear criteria or selection. "The reputation of the project in Indonesia is of low quality and not well planned," the World Bank report said. In addition, the choice of procurement method was decided too early before in-depth analysis. For example through the scheme of Government Cooperation with Business Entities (PPP), business to business (B2B), or through public financing. In fact, other countries prioritize the gradual study and analysis process, before finally making decisions regarding the appropriate procurement and finan...

IdNasional . Infrastructure projects that are still being built by President Joko Widodo in fact burden the state-owned finance. Until the third quarter of 2018, all operational cash flows of state-owned enterprises (BUMN) have recorded a negative position. In fact, the number is getting worse for some issuers. If the operational cash flow is minus, it means that the company uses more internal cash to fund infrastructure projects. If internal cash is insufficient, the company is forced to borrow funds from the bank or do some corporate actions to reap fresh funds. Alfred Nainggolan, Head of Capital Connection Research, said that the company's insufficient internal cash usually correlates with the increasing amount of debt. However, he stressed that the increase in corporate debt is not always bad. "It must be seen again, how is the growth in net income. If the cash flow is negative, there is a lot of debt, but the company is still able to create a net profit, which is actually...

JurnalHub . The World Bank considers that the assignment of infrastructure projects to State-Owned Enterprises (SOEs) actually makes the state-owned companies nervous about seeking funds. Because, assignments are given without certainty regarding the source of funding. The statement was contained in a World Bank report entitled Infrastructure Sector Assessment Program released in June 2018 ago. In the report, the World Bank gave an example of the Trans-Sumatra toll road project undertaken by PT Hutama Karya (Persero) Tbk, when the assignment was given without any clarity regarding funding sources. Finally, Hutama Karya issued corporate bonds with government guarantees to fund the project. According to the report, HK worked on 24 segments of the Trans Sumatra toll road reaching a length of 2,700 kilometers (km). However, the funds that HK has are still not enough to complete the project, so the project has the potential to be exposed to high risk financially. "This creates addition...