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Innovative Financing for Development and Growth: Infrastructure Asset Securitization of Airport, Seaports, and Electricity in Focus

Andriansyah Andriansyah (), Adelia Surya Pratiwi and Faiza Tiara Hapsari

MPRA Paper from University Library of Munich, Germany

Abstract: Infrastructure development in electricity, energy, and connectivity sectors is one of the strategic initiatives that became the main priority of President Joko Widodo’s Government in 2015-2019. One of the innovative financings for infrastructure development is through asset securitization. The basic objective of asset securitization is to transform fixed cash flows generated by physical assets of the infrastructure SOEs to a financial instrument that investors can trade in the capital market. This paper has been developed as the first step to build a framework and reference analysis for the Government to consider asset securitization as a strategic initiative in infrastructure financing. The paper reviews governance structure, selection of a more suitable investment model, gradual and monitored improvement, and better investment-related policies, including regulatory neutrality, better benchmark pricing, broad base investors, and a more liquid secondary market.

Keywords: infrastructure financing; asset securitization; Indonesia (search for similar items in EconPapers)
JEL-codes: G18 G23 (search for similar items in EconPapers)
Date: 2017
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