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6 J. Priv. & Com. L. 1 (2022)

handle is hein.journals/jpcl6 and id is 1 raw text is: Journal of Private A peer-reviewed journal published by Faculty of Law Universitas and Negeri Semarang, Indonesia. The title has been indexed by DOAJ, Commercial Law SINTA, GARUDA. ISSN 2599-0314 (Print) 2599-0306 (Online) Online at https://jou al unnes acid/nju/index php/jp1/index The Role of Infrastructure Guarantee Institution in Infrastructure Project Provision Through Public-Private Partnership Scheme Lastuti Abubakar Faculty of Law, Universitas Padjajaran, Indonesia lastuti.abubakar@unpad.ac.id Tri Handayani Faculty of Law, Universitas Padjajaran, Indonesia tri.handayani@unpad.ac.id Abstract This study aims to examine the role of Indonesia Infrastructure Guarantee Fund (IIGF). in the Public and how it functions to encourage the acceleration of infrastructure development. This study utilizes a normative juridical research method with a specification of descriptive-analytical. Results indicate that: from a legal perspective, IIGF is an institution that provides a guarantee for losses due to political risks such as changes in regulations, delays, or failures of financial close, as well as failures in granting licenses and approvals. As an institution that provides a guarantee, IIGF is a development of a corporate guarantee whose legal basis uses the concept of a Recourse Agreement according to Civil Code, but its implementation regulated in separate statutory regulations. IIGF performs a guaranteed function and adds value to infrastructure development that has the greatest impact on the benefit of the people of Indonesia; protects the interests of the government in fulfilling infrastructure development through transparent and accountable processes; and increases investor trust by providing investment convenience and payment certainty for claims of risk of loss for a collaborative infrastructure project. KEYWORDS Public-Private Partnership, Indonesia Infrastructure Guarantee Fund, Development of Guarantee institutions ) cc t wn