HSF and Hiswara Bunjamin & Tandjung advise K-Water in South Korea on the success of the tender for the Karian-Serpong water project


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K-water, South Korea’s public water company, has partnered with Indonesian public construction company Adhi Karya for the project auction hosted by the Indonesian Ministry of Public Works and Housing.

The consortium will supply water to West Jakarta and the city of Tangerang in adjacent Banten province under a 30-year concession.

“We have combined our infrastructure expertise across the region, including Jakarta and Seoul, to help K-water through a highly competitive auction process,” said Matthew Goerke, Senior International Advisor.

“The skills of lawyer Herbert Smith Freehills Ken Nam in Seoul and partner Hiswara Bunjamin & Tandjung Dhani Maulana Pattinggi in Jakarta in particular were essential in supporting the consortium partners on a two-year application process.

This is the latest in a series of water project auctions in Indonesia as the government increases spending on critical infrastructure, but the first with an international consortium partner.

“We are delighted with the success of our clients and are preparing for the next stage of the project, including EPC contracts and financing,” said Dhani Maulana Pattinggi, Hiswara Bunjamin & Tandjung partner.

Matthew, Dhani and Ken led the K-water advisory team, assisted by Sigit Akhmad, partner of Hiswara Bunjamin & Tandjung, and Tokyo financial advisor 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 company’s global head of projects, finance, real estate and projects, based in Sydney.

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