PT Securiport International Indonesia
This summary covers a proposed investment by Securiport Limited Liability Company of the United States of America to its subsidiary and the project enterprise incorporated in Indonesia, PT. Securiport International Indonesia. Securiport LLC has applied for a MIGA guarantee for its shareholder loan investment of $100 million against the risks of transfer restriction, expropriation, and breach of contract for a period of up to 15 years.
The Project entails the modernization and renewal of border control systems at seven international airports in Indonesia. The project scope will include the provision of civil, technical and IT infrastructure for the management of border control processes that will be supported by passenger identification and risk assessment analysis and monitoring software from Securiport LLC. The investor will provide financing, new equipment, licenses, training, and maintenance of the system for the duration of the cooperation agreement entered with the Ministry of Law and Human Rights.
The project is classified as Category B under MIGA’s Policy on Environmental and Social Sustainability. Click here to view the project’s Environmental and Social Review Summary and Environmental and Social Action Plan.
The modernization of the immigration control system is expected to increase the efficiency of border control processes. The proposed implementation of new technical and IT infrastructure such as automatic border control platforms, queue management solutions, and high-speed systems to read travel documents will reduce the passenger processing time at the border control checkpoints. At the same time, the Project provides advanced risk identification assessment solutions that will help improve immigration safety and security.
The Project is aligned with the World Bank Group’s Country Partnership Framework for Indonesia for FY2021-2025, particularly its objective to improve infrastructure provisions and quality of service. The project also conforms with MIGA’s strategic direction of serving all clients, including middle-income countries that are still home to a large share of the world’s poor.