Collaboration Between The Government And The Private Sector Through Creative Financing Schemes To Accelerate Regional Infrastructure Development
DOI:
https://doi.org/10.51805/ijss.v1i2.541Keywords:
Creative Financing, Regional Infrastructure, Collaborative Governance, Private Sector, Bogor RegencyAbstract
The limited fiscal capacity of regions to support the surge in infrastructure needs in peri-urban areas demands a policy reorientation toward non-conventional funding models. This qualitative research with a descriptive-analytical case study design aims to in-depth analyze the collaboration model between the Bogor Regency Government and the private sector through a creative financing scheme to accelerate regional infrastructure development. Primary data was collected through in-depth, semi-structured interviews with key informants from Bappedalitbang, the Public Works and Housing Agency (PUPR), the Regional Financial and Asset Management Agency (BPKAD), and a consortium of private partners. These were then triangulated with official policy documents and analyzed using the interactive model of Miles, Huberman, and Saldaña. The results show that the creative financing scheme effectively closes the regional budget deficit (funding gap) by leveraging the value of public assets and rationally sharing investment risks without burdening the regional debt balance. The success of this ecosystem is largely determined by the quality of local collaborative governance, where the institutionalization of the Creative Financing Acceleration Team and the involvement of a national guarantee institution are able to reduce bureaucratic obstacles and erode the risk-averse behavior of regional officials due to fear of policy criminalization. This research introduces a novel concept called managed asymmetry, which emphasizes the importance of knowledge transfer from the private sector to compensate for the limited technical competence of civil servants. Practically, this research formulates a blueprint for strengthening regional institutional capacity, leading to the role of civil servants as reliable contract managers. In conclusion, the synergy of local legal certainty, transparent risk mitigation, and political commitment of regional leadership is the main foundation for accountable and sustainable subnational infrastructure acceleration.References
Arifin, M. (2023). Akselerasi infrastruktur daerah melalui skema pembiayaan non-APBD: Peluang dan tantangan tata kelola fiskal sub-nasional. Jurnal Ekonomi dan Kebijakan Publik, 14(1), 45–59. https://doi.org/10.22212/jekp.v14i1.2411
Badan Perencanaan Pembangunan, Penelitian dan Pengembangan Daerah Kabupaten Bogor. (2024). Laporan kinerja instansi pemerintah (LKjIP) tahun anggaran 2023 dan rencana strategis infrastruktur wilayah. Bappedalitbang Kabupaten Bogor.
Kementerian Keuangan RI. (2023). Kajian kemandirian fiskal daerah dan optimalisasi pembiayaan kreatif infrastruktur sub-nasional. Direktorat Jenderal Perimbangan Keuangan.
Kurniawan, R. (2021). Aspek hukum kontrak dalam kerja sama pemerintah dan badan usaha (KPBU) untuk pembangunan infrastruktur daerah. Jurnal Hukum Publik dan Tata Negara, 4(2), 112–126.
Lestari, P., & Budiman, A. (2026). Perlindungan konsumen dan penetapan standar pelayanan minimum pada infrastruktur publik yang dikelola swasta. Jurnal Administrasi Pembangunan Daerah, 12(1), 101–115
Miles, M. B., Huberman, A. M., & Saldaña, J. (2020). Qualitative data analysis: A methods sourcebook (4th ed.). SAGE Publications.
Nugroho, A. S. (2025). Mengukur minat investor swasta dalam proyek creative financing di level kabupaten: Pendekatan collaborative governance. Jurnal Administrasi Publik dan Riset Kebijakan, 18(2), 201–216.
OECD. (2023). Subnational governments in OECD countries: Key data on finance and investment. OECD Publishing. https://doi.org/10.1787/c1b2b344-en
Pratama, A. R., Supriyono, B., & Keban, Y. T. (2023). Mengatasi fiscal stress di wilayah peri-urban: Analisis kapasitas fiskal APBD Kabupaten Bogor dalam penyediaan fasilitas publik. Jurnal Ilmu Administrasi Negara, 11(3), 315–329.
Putra, R. A., & Handayani, S. (2024). Perilaku risk-averse birokrasi daerah dan dampaknya terhadap keterlambatan financial close proyek pembiayaan inovatif. Jurnal Tata Kelola Pemerintahan, 16(1), 45–62.
Ramadhani, F. (2025). Pelembagaan tim ad-hoc pembiayaan kreatif sebagai stimulan investasi infrastruktur daerah. Jurnal Kebijakan Publik Sub-Nasional, 5(2), 88–101.
Savitri, D., & Utama, I. M. (2022). Strategi creative financing untuk pembangunan infrastruktur perkotaan: Pembagian risiko dan optimalisasi aset. Jurnal Perencanaan Wilayah dan Kota, 33(2), 143–158. https://doi.org/10.5614/jpwk.2022.33.2.4
Setiawan, B. (2024). Analisis kelayakan finansial kuantitatif pada proyek infrastruktur dengan skema kemitraan pemerintah swasta. Jurnal Manajemen Keuangan Daerah, 9(1), 77–91.
Siregar, H., & Prasetyo, A. (2022). Menjembatani funding gap pembangunan infrastruktur menuju Indonesia Emas: Peran modal swasta dan restrukturisasi fiskal. Analisis Kebijakan Ekonomi Nasional, 6(4), 512–528.
Supriadi, T., Wahyudi, S., & Hudaya, A. (2022). Tata kelola penugasan BUMN dalam koridor proyek strategis nasional (PSN): Hambatan teknis-finansial dan mitigasi risiko fiskal. Jurnal Ekonomi Kebijakan, 15(2), 89–104.
Utomo, C., & Wiguna, I. P. (2023). Evaluasi efektivitas skema pembiayaan alternatif pada proyek infrastruktur strategis skala makro di Indonesia. Jurnal Teknik Sipil dan Infrastruktur, 13(1), 34–48.
Wibowo, A. (2025). Desentralisasi fiskal dan tantangan rancang bangun finansial (project finance) pada pemerintah daerah di Indonesia. Jurnal Keuangan Publik Negara, 7(1), 12–29.
World Bank. (2024). Infrastructure finance world report 2024: Bridging the subnational funding gap. World Bank Group.
Yusuf, M. (2022). Metode penelitian: Kuantitatif, kualitatif & penelitian gabungan. Prenadamedia Group.
Zainuddin, A. (2023). Manajemen risiko relasional dan operasional pada proyek konsesi jangka panjang kemitraan pemerintah swasta. Jurnal Manajemen Publik, 10(2), 167–181.
Downloads
Published
Issue
Section
License
Copyright (c) Array Yunita Fourina Dewi
This work is licensed under a Creative Commons Attribution 4.0 International License.
Indexed & Registered with e-ISSN: 3090-0646 | Open Access Journal under CC-BY 4.0