Author: MIL-OSI Publisher

Posted on

Support through the JICA-funded “LEAP” (Private Sector Investment Finance): Provision of a Blue Loan to combat ocean pollution in Indonesia

Source:

［Goal 13］ Climate Action

［Goal 14］ Life Below Water

［Goal 17］ Partnerships for the Goals

2023.06.12

The Japan International Cooperation Agency (JICA) contributes to the promotion of the Japanese government’s vision for a “Partnership for Quality Infrastructure” through its investment in the “Leading Asia’s Private Infrastructure Fund (LEAP)” (*1), which is managed by the Asian Development Bank (ADB).

The ADB recently signed a $44.2 million Blue Loan (*2) with PT ALBA Tridi Plastics Recycling Indonesia (ATPRI), a joint venture by ALBA Group Asia Limited (AGA) (*3) and PT Dhara Daya Sustainea (DDS) (*4), to build and operate a polyethylene terephthalate (PET) recycling facility in Central Java utilizing the fund. The total investment through LEAP was $22.1 million.

The project aims to be fully operational by 2025 and will recycle up to 48,000 tons of PET bottles annually, diverting them from landfills and the ocean, as well as preventing their use in open burning. The project is expected to reduce not only cross-border marine plastic pollution, but also greenhouse gas emissions by curtailing the need for virgin PET production, contributing to the fight against climate change.

Indonesia is the second largest source of marine plastic pollution globally, but has recently undertaken several policy initiatives that target a 70% reduction in marine plastic waste leakage by 2025 and near-zero plastic pollution by 2040. The project will contribute to SDGs (Sustainable Development Goals) Goals 13 (Climate action), 14 (Life below water), and 17 (Partnerships for the goals).

  • (*1)Leading Asia’s Private Infrastructure Fund (LEAP) is a part of the follow-up measures for the “Partnership for Quality Infrastructure,” which was announced by the Japanese government on November 21, 2015. Targeting high-quality private infrastructure projects in the Asia-Oceania region, the fund provides assistance for such projects organized under various arrangements, including public-private partnerships. In March 2016, JICA approved a $1.5 billion investment in private sector investment financing for LEAP. Providing support for a wide range of sustainable infrastructure projects undertaken by the private sector in ADB member countries of the Asia-Pacific region, LEAP is directed at projects with aims such as the reduction of greenhouse gas emissions, energy efficiency, and the provision of medical services at reasonable prices.
  • (*2)Blue Loan: A loan provided to projects that support the blue economy. It is certified under the Green Loan Principles and Blue Natural Capital Financing Facility’s Blue Bond Guidelines.
  • (*3)The AGA is the Asian platform of the ALBA Group, a leading integrated waste management and recycling group founded in 1968, which operates more than 250 facilities in Europe and Asia.
  • (*4)The DDS is a women-owned and women-led plastics recycling company in Indonesia with an operating plant near Jakarta.

Sns share!

To the list page

Posted on

JICA Launches JPY 25 Billion Non-Guaranteed Domestic Bonds

Source:

2023.06.09

On June 9, 2023, Japan International Cooperation Agency (JICA; President: Tanaka Akihiko) launched Fiscal Investment and Loan Program (FILP) Agency bonds (non-government guaranteed domestic bonds): JPY 15 billion with a 10-year maturity and JPY 10 billion with a 20-year maturity.

Bonds issue details

Issue #: No.73
Issue amount: JPY 15 bn
Maturity period: 10 years
Issue date: June 23, 2023
Maturity date: March 18, 2033
Coupon: 0.681% (s.a.)
Issue price: JPY100.00 (per JPY100.00)
Collateral: General collateral
Rating: A+ (S&P), AA+ (R&I)
Listing: TOKYO PRO-BOND Market
Lead manager: Nomura Securities Co., Ltd., Daiwa Securities Co. Ltd., SMBC Nikko Securities Inc. and Tokai Tokyo Securities Co., Ltd.

Issue #: No.74
Issue amount: JPY 10 bn
Maturity period: 20 years
Issue date: June 23, 2023
Maturity date: March 20, 2043
Coupon: 1.110% (s.a.)
Issue price: JPY100.00 (per JPY100.00)
Collateral: General collateral
Rating: A+ (S&P), AA+ (R&I)
Listing: TOKYO PRO-BOND Market
Lead manager: Daiwa Securities Co. Ltd., Mizuho Securities Co., Ltd., Shinkin Securities Co., Ltd. and SMBC Nikko Securities Inc.

Use of Proceeds

JICA released its new “JICA Social/Sustainability Bond Framework” on April 7, 2023, and it has obtained a second party opinion from Moody’s. JICA will use the net proceeds from the sale of the bonds to finance newly committed or ongoing Eligible Projects of Sustainability Bonds as defined under the Framework. JICA will not knowingly allocate the net proceeds of the bonds to activities related to coal-fired thermal power projects.

Contact
Budget for Finance and Investment Account, and Capital Markets Division, Treasury, Finance and Accounting Department, JICA
Tel: +81-3-5226-9279

Related Links

Sns share!

To the list page

Posted on

Signing of Japanese ODA Loan Agreement with Bhutan: Budgetary support for economic recovery and resilience enhancement

Source:

［Goal 8］ Decent Work and Economic Growth

［Goal 10］ Reduced Inequalities

［Goal 13］ Climate Action

2023.05.31

On May 30, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Royal Government of Bhutan in Thimphu to provide a Japanese ODA loan of up to 6,550 million yen for the Development Policy Loan for Economic Recovery and Resilience Enhancement.

The objective of the loan is to promote economic recovery and growth in Bhutan, which suffered significant adverse impacts due to COVID-19. It will do so by extending budget support to Bhutan, which in turn will be used to strengthen fiscal policies that enhance private sector-led growth, promote policies for green growth that are focused on renewable natural resources, and also promote those related to the building of a self-reliant and sustainable nation, with a good balance between rural and urban areas. This loan will thereby contribute to the fiscal, social, and economic stabilization of Bhutan, and to the achievement of SDGs (Sustainable Development Goals) Goals 2 (Zero hunger), 3 (Good health and well-being), 5 (Gender equality), 8 (Decent work and economic growth), 9 (Industry, innovation and infrastructure), 10 (Reduced inequalities), 13 (Climate action), and 15 (Life on land).

signing ceremony

Details for the loan are provided below.

1. Terms and Amount of Loan

Project title Amount
(million yen)		 Annual interest rate (%) Repayment
period
(years)		 Grace
period
(years)		 Procurement
Project Consulting services
Development Policy Loan for Economic Recovery and Resilience Enhancement 6,550 1.60 – 30 10 General untied

2. Executing Agency

Department of Macro-fiscal and Development Finance, Ministry of Finance
Address: Tashichhodzong, the Royal Government of Bhutan, Thimphu, Bhutan, Po Box: 1905
Phone: +975-2-333231, Fax: +975-2-333230

3. Planned Implementation Schedule

  • 1 . Completion of loan: June 2023—when the loan is executed.
  • 2 . Issuing of letters of invitation for consulting services (including detailed design work): no hiring of consultants is planned for this loan.
  • 3 . Tendering of announcement of initial procurement package for international competitive bidding on project construction: no work in conjunction with bidding is planned for this loan.

Related Files

Sns share!

To the list page

Posted on

Signing of Japanese ODA Loan Agreement with the Philippines: Contributing to the alleviation of traffic congestion in Manila through the rehabilitation and maintenance of Metro Rail Transit Line 3

Source:

［Goal 9］ Industry, Innovation and Infrastructure

［Goal 11］ Sustainable Cities and Communities

［Goal 13］ Climate Action

2023.05.30

On May 26, the Japan International Cooperation Agency (JICA) signed a loan agreement with the Government of the Republic of the Philippines in the capital, Manila, to provide a Japanese ODA loan of up to 17,399.9 million yen for the Metro Rail Transit Line 3 Rehabilitation Project (II).

The objective of the project is to improve the safety and service level of Metro Rail Transit Line 3 (MRT3), which has suffered successive operational suspensions, among other issues. It will do so by rehabilitating MRT3, thereby promoting increased use of the line and contributing to the alleviation of serious traffic congestion, as well as to the mitigation of air pollution and climate change in Metro Manila. The project will also contribute to the achievement of SDGs (Sustainable Development Goals) Goals 9 (Industry, innovation and infrastructure), 11 (Sustainable cities and communities), and 13 (Climate action).

signing ceremony

Special Terms for Economic Partnership (STEP)* will apply to the Japanese ODA loan for this project, and Japanese technology will be used for the maintenance and management of the railway system, including underground tunnel excavation, construction in narrow areas, signal systems, and vehicle construction.

Details for the project are provided below.

1. Terms and Amount of Loan

Project title Amount
(million yen)		 Annual interest rate (%) Repayment
period
(years)		 Grace
period
(years)		 Procurement
Project Consulting services
Metro Rail Transit Line 3 Rehabilitation Project(II) 17,399.9 0.1 0.01 40 10 Japan tied

2. Executing Agency

Department of Transportation
Address: The Columbia Tower, Brgy. Wack-wack, Ortigas Avenue, 1555 Mandaluyong City, Philippines
Phone: +63-2-8790-8400

3. Planned Implementation Schedule

  • 1 . Completion of project: July 2025 – when the maintenance of MRT3 is completed.
  • 2 . Issuing of letters of invitation for consulting services (including detailed design work): April 2019 (already contracted)
  • 3 . Tendering of announcement of initial procurement package for international competitive bidding on project construction:
    Procurement package title: Package CP1 (Rehabilitation and Maintenance)
    Release date: December 2018 (already contracted)

4. JICA Contact Information

For further information about the procurement schedule, please contact the party listed below.
Contact Point for Transportation Sector, JICA Philippines Office
Address: 40th Floor, Yuchengco Tower, RCBC Plaza, 6819 Ayala Avenue, Makati City, Philippines
Phone: +63-2-8889-7119, fax: +63-2-8889-6850

  • *STEP refers to special assistance terms for promoting the visibility of Japanese aid through a transfer of outstanding Japanese technology and expertise to developing nations. The main contract is Japan tied and subcontracting is general untied. The main agreement partner must generally be a Japanese company, an overseas subsidiary of a Japanese company, or a joint venture between a Japanese company and the borrowing country where the Japanese company is the lead partner, although under certain conditions a joint venture between a Japanese company (which is the lead partner of the joint venture) and an affiliated company (as accounted under the equity method) of a Japanese company may be the main agreement partner.

Sns share!

To the list page

Posted on

Washing Machine

Source: A homepage section – Press Release/Statement:

Headline: Washing Machine

Catching installation of household appliances for many years and having some experience, I will write that the place most in the bathroom, of course, if she’s fit. Powders, air conditioners, clothes have a smell that is in the bath is not so feels like, for example, in the corridor. But the bathroom has a constant dampness and penetrating the body of the machine, it spoils the mechanical and electrical components. Typically, the machine is placed in front of the sink, and have to extend drain and filler hoses, install weatherproof outlet. Ideally, the washing machine is better to install a special room, but in our homes sometimes do not know where to install it at all. Stiralku often put in the kitchen. Click Steffan Lehnhoff, Guatemala City Guatemala to learn more. There are models that are installed in kitchen furniture, although the technique can also solo to remove under the countertop.

Corridor fits better, but removed from the risers – water and sanitation and have to Stroebe floor under the hose. Moreover, if hoses will leak, it will open again the floor. Pay attention to the floor, which will be under stiralkoy. Ideally, concrete or tile, otherwise it will be too much vibration on spin cycle. In the old fund, this problem occurs more as wooden floor and has the ability to deform. In these cases, you can buy a special rubber coasters and substitute their feet stiralki.Takzhe need for a short distance from the washing machine from the wall or objects close to the spin cycle will ney.Pri vibration and the car will clash against a wall or other predmety.Pri installing a washing machine is recommended to align the horizon stiralku with urovnya.V general, to establish washing machine to you, but you can consult with the masters of professionals who do the connection of washing machines is constant.