December 7, 2022
Japan Overseas Infrastructure Investment Corporationfor Transport & Urban Development (JOIN)
JOIN Supports the Automotive Proving Ground Project in Indonesia
Japan Overseas Infrastructure Investment Corporation for Transport & Urban Development (JOIN)
announces its decision and receipt of approval from the Minister of the Land, Infrastructure, Transport andTourism of Japan, to provide capital up to approximately JPY 1.4 billion and debt guarantee of approximately
JPY 5.4 billion in the automotive proving ground project in Indonesia jointly with Toyota Tsusho Corporation(Toyota Tsusho) and local partner companies. This project is to design, construct, and maintain a vehicle
proving ground in Bekasi Regency, in the west of West Java, carried out by the Indonesian Ministry ofTransportation as a public-private partnership. This vehicle proving ground will meet the United Nations
Regulations (UNR) based on the ASEAN (Association of Southeast Asian Nations) Mutual Recognition
Agreement (ASEAN MRA) for the vehicle industry established in 2020.

Indonesia is home to several Japan-based automobile manufacturers and is becoming a key production
and sales hub for Asia in the vehicle industry. At present, when Indonesian-manufactured vehicles areexported within ASEAN, they need to re-obtain vehicle type certification at their destination country before
they can be sold, but a proving ground that complies with UNR based on ASEAN MRA should increase
fluidity and flexibility within ASEAN for vehicles that have been certified in Indonesia.
JOIN will establish a new company, PT Indonesia International Automotive Proving Ground, with Toyota
Tsusho and local partners. This company will be contracted by the Indonesian Ministry of Transportation todesign, construct, and maintain a vehicle proving ground in Bekasi Regency, West Java. This business will
undertake the design and construction of a facility that can perform certification testing for the 16 items inUNR, based on the ASEAN MRA, and includes 15 years of maintenance following its completion. Inaddition, the proving ground will also be able to handle certification testing for electrified vehicles, which
are anticipated to experience increased demand in future, so is expected to have an influence on automobile
policies in Indonesia.

This investment is also expected to contribute to the objectives of the Japanese Government’s“Infrastructure System Overseas Promotion Strategy 2025”. Through this project, JOIN will work toenergize Indonesia’s automobile industry and increase its international competitiveness, contributing to thefurther development of Asia’s economy.

(Project Scheme)(Location)(Completion Image)About JOIN:
Company Name:Japan Overseas Infrastructure Investment Corporation for Transport & Urban
Development

Headquarters:

Tokyo, Japan

Representative:

Tatsuhiko Takesada, President and CEO

Business

The infrastructure fund specializing in oversea transport and urban development

Description:

investment, sponsored by the Government of Japan and Japanese private companies

Website:https://www.join-future.co.jp/english/

About Toyota Tsusho:
Company Name:

Toyota Tsusho Corporation

Headquarters:

Nagoya, Japan

Representative:

Ichiro Kashitani, President and CEO

Business

Domestic, import/export and foreign transactions of various commodity, construction

Description:

work contracts, various insurance agency services

Website:https://www.toyota-tsusho.com/english/

About PT Indonesia International Automotive Proving Ground:
Location:Bekasi Regency, West Java, Indonesia

Shareholders:

Toyota Tsusho, JOIN, local partners (PT Gobel International, PT Bintang Pradipa
Persada, etc. )Representative:
Business
Description(Press Contacts)

Mr. Hiramsyah Sambudhy Thaib
Design, construction, and maintenance work for a vehicle proving ground

Japan Overseas Infrastructure Investment Corporation forTransport & Urban Development
Project Department Suenaga
TEL：+81-3- 5293-6743
E-Mail：info@join-future.co.jp