Herbert Smith Freehills advised K-water on the deal.
K-water, South Korea’s state-owned water corporation, partnered with Indonesian state-owned construction company Adhi Karya for the project auction run by Indonesia’s Ministry of Public Works and Housing.
The consortium will supply water in western Jakarta and Tangerang City in the adjacent Banten province under a 30-year concession.
Matthew Goerke (Picture), Dhani Maulana Pattinggi and Ken Nam led the team advising K-water, assisted by Hiswara Bunjamin & Tandjung associate Sigit Akhmad and Tokyo finance counsel Keith Gamble, with additional support and expertise provided by partners Hilary Lau in Hong Kong and Glynn Cooper in Kuala Lumpur, and by Toby Anderson, the firm’s global head of projects, finance, real estate and projects based in Sydney.
Involved fees earner: Toby Anderson – Herbert Smith Freehills; Glynn Cooper – Herbert Smith Freehills; Keith Gamble – Herbert Smith Freehills; Matthew Goerke – Herbert Smith Freehills; Hilary Lau – Herbert Smith Freehills; Ken Nam – Herbert Smith Freehills; Dhani Maulana Pattinggi – Hiswara Bunjamin & Tandjung;