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USAID IUWASH PLUS and PT SMI Sign an MoU to Prepare Financing Plan for PDAMs

USAID IUWASH PLUS and PT Sarana Multi Infrastruktur (SMI) signed a Memorandum Understanding (MoU) to prepare financing plan for PDAMs on January 30, 2020, in Jakarta. PT SMI is a state-owned enterprise that specifically provides financing for infrastructure.

The agreement was signed the USAID IUWASH PLUS Chief of Party, William Parente, and the Managing Director of PT SMI, Edwind Shahruzad. USAID IUWASH PLUS COR, Trigeanny Linggoatmodjo also witnessed the MoU signing.

Edwin Sharuzad said, “the collaboration is the first step of PT SMI and USAID IUWASH PLUS’ journey to assist PDAMs in improving their services through the financing program that PT SMI will provide.

In this collaboration, USAID IUWASH PLUS will provide the technical supports, including conducting assessment to see if a PDAM is feasible to receive financing support, while PT SMI will evaluate the financing plans and provide the financing assistance to the PDAMs.