LEGAL STRENGTHENING THROUGH INFRASTUCTURE DEVELOPMENT FINANCING SUPPORT IN PUBLIC-PRIVATE PARTNERSHIP (PPP) SCHEME

Kurdi; Prita Amalia; Yuki Mahardhito Adhitya Wardhana

doi:10.33102/mjsl.vol13no2.1238

Authors

Kurdi Faculty of Law, Universitas Padjadjaran, Jl. Raya Bandung–Sumedang Km. 21, Jatinangor, Kab. Sumedang, Jawa Barat 45363, Indonesia
Prita Amalia Faculty of Law, Universitas Padjadjaran, Jl. Raya Bandung–Sumedang Km. 21, Jatinangor, Kab. Sumedang, Jawa Barat 45363, Indonesia
Yuki Mahardhito Adhitya Wardhana Faculty of Law, University of Indonesia, Jl. Salemba Raya Kampus UI Salemba No.4, Jakarta 10430, Indonesia

DOI:

https://doi.org/10.33102/mjsl.vol13no2.1238

Keywords:

Strengthening, public-private partnership (PPP), infrastructure, financing support

Abstract

This study aims to comprehensively analyze the implementation and effectiveness of regulatory instruments designed to strengthen infrastructure financing through the Public-Private Partnership (PPP) scheme in Indonesia. PPP serves as a crucial mechanism to mobilize private sector participation in addressing the nation’s infrastructure financing gap while improving the efficiency and quality of public service delivery. The research focuses on the regulatory framework introduced by Minister of Finance Regulation Number 68/2024, which marks a significant advancement in Indonesia’s PPP governance by providing a more coherent and comprehensive legal foundation to accelerate sustainable and inclusive infrastructure development. The regulation emphasizes the optimization of government support mechanisms such as the pre-project development facility (Pre-PDF), project development facility (PDF), infrastructure guarantees, and feasibility support, all of which are essential in mitigating risks and enhancing project bankability. Employing a normative juridical method through statutory and conceptual approaches, this study examines the consistency between the regulation’s normative design and its practical application while identifying strategic measures to strengthen its effectiveness. The findings indicate that Minister of Finance Regulation Number 68/2024 successfully addresses normative gaps found in previous frameworks, particularly Presidential Regulation No. 38 of 2015, which lacked clarity in project preparation, risk-sharing, and guarantee mechanisms. Moreover, the regulation enhances collaboration between the government and private sector, promotes innovative financing models, and reinforces transparency and governance standards within PPP arrangements. The study’s key contribution lies in its comprehensive evaluation of how regulatory reform under Minister of Finance Regulation Number 68/2024 reshapes Indonesia’s PPP ecosystem, offering actionable insights for policymakers to design more effective legal and institutional frameworks that promote sustainable infrastructure financing.

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