HD Asia, Penida Capital partner with Indonesia’s Makassar city for infrastructure projects  

visual from the company website

Mayor of Makassar city on Indonesia’s Island of Sulawesi has signed a memorandum of understanding with private equity firm HD Asia Advisory and Penida Capital Advisors Ltd to establish Makassar Public-Private Partnership Investment Center (MPI Center), that will facilitate the institutional investors interested in the region’s infrastructure projects.

The investment centre, the first in the country, will assist in the structuring of infrastructure projects to attract institutional investors in the city and other key parts of eastern Indonesia.

“With the support of institutional investors, the MPI Center will identify and deliver investment-ready infrastructure projects for Makassar and hopefully our partner-cities in Eastern Indonesia and help them overcome the challenges with domestic coordination on a project-by-project basis,” Makassar Mayor H Ramdhan Pomanto said in press statement received by DEALSTREETASIA on Monday.

Under the agreement, the MPI Center will provide technical expertise in structuring priority infrastructure projects to a stage where they can be financed and ensure coordination by reviewing project structures, removing regulatory bottlenecks in central and local government, filling gaps and identifying problems in the delivery of particular infrastructure projects.

The MPI Center will also assist in raising the capacity of relevant entities with infrastructure investment planning and programming.

 “Makassar and Eastern Indonesia have become priority regions for investors and for the government of Indonesia.  We look forward to supporting the MPI Center in delivering infrastructure-ready projects for our international investors,” said Edward Gustely, Managing Director, Penida Capital.

Penida Capital is an execution management and investment advisory firm focused on the strategic deployment of capital benefiting growth opportunities in Indonesia and the ASEAN.

The MPI Center – which Mayor Pomanto launched in partnership with Penida Capital and HD Asia Advisory at the ASEAN Mayors and Makassar Investment Forum, – will be located in the City of Makassar.

“With the central government’s slow progress in paving the way for private participation in development of infrastructure, MPIC is a breakthrough. We expect the launch of MPI Center will help lead to the creation of a network of PPP centers in Eastern Indonesia and support the collaboration with existing PPP institutions in the region, in ASEAN, and other Infrastructure Centre of Excellence,” said Bernardus Djonoputro, Managing Partner, HD Asia Advisory.

Also Read: Exclusive: Creador raises $250m for first close of Fund III, to seal two Indonesian deals in Oct