By: ICN Bureau
Last updated : May 28, 2024 10:50 am
The project aims to improve SWM services by enhancing and developing waste management infrastructure
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 (US$ 150 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.