Bali, Indonesia—The Asian Infrastructure Investment Bank (AIIB), the Alliance to End Plastic Waste (AEPW) and Indonesia’s Ministry of Public Works and Housing (MPWH) have established a co-investment partnership to provide integrated solid waste management (SWM) services in select cities and districts in Indonesia.
The partnership will strengthen SWM institutional capacity at national and subnational levels and enable AEPW to contribute additional concessional resources into the "Solid Waste Management for Sustainable Urban Development Project” in Indonesia (USD150 million financing currently being considered by AIIB) via AIIB’s Project-Specific Window. The project will be implemented by the Directorate General of Human Settlements at MPWH over the next five years.
The project aims to improve SWM services by enhancing and developing waste management infrastructure in major Indonesian islands. With AIIB’s support, it is expected to offer climate-aligned, circular economy-driven, SWM services, benefitting over nine million people. Capacity-building for sub-sovereign entities while addressing livelihood concerns for workers in the informal sector are also expected.
This partnership also provides an ongoing, USD2 million project preparation grant funded by AEPW and facilitated by AIIB for best practices on plastic waste management and developing circular solutions.
The co-investment framework, signed in conjunction with the 10th World Water Forum, was witnessed by Dr. Ir. M. Basuki Hadimuljono, Indonesia’s Minister for Public Works and Housing. Signatories to the co-investment framework were Joachim von Amsberg, Special Advisor to the AIIB President; Jacob Duer, President and CEO of AEPW and Tanozisochi Lase, MPWH Director of Sanitation, representing Director General of Human Settlements.
About AIIB
The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank whose mission is financing the Infrastructure for Tomorrow—infrastructure with sustainability at its core. We began operations in Beijing in January 2016 and have since grown to 109 approved members worldwide. We are capitalized at USD100 billion and Triple-A-rated by the major international credit rating agencies. Collaborating with partners, AIIB meets clients’ needs by unlocking new capital and investing in infrastructure that is green, technology-enabled and promotes regional connectivity.
