24 Jul 2019

State-backed guarantor for the Makassar-Parepare Railway Project

Partners Ibrahim Sjarief Assegaf and Kanya Satwika from Assegaf Hamzah & Partners acted for Indonesia Infrastructure Guarantee Fund, as the state-backed guarantor, on the Rp8.2 trillion (US$585.6m) Makassar-Parepare Railway Project, which involved the development of a 142-km railway under the PPP funding scheme. This project is part of the National Strategic Projects launched by the Indonesian government, which aims to develop infrastructure in East-Indonesia and decentralise the development from the island of Java to other islands in Indonesia. led the firm’s team in the transaction.