Pledges
Seven donors committed a total of $94.06 million to the reconstruction and rehabilitation of earthquake and tsunami affected
Yogyakarta, Central and West Java. Java Reconstruction Fund has received a total of US$ 84.06 million, as of September 2008.
The following table shows the breakdown of funding commitments made by donors; along with the cash received by the Java
Reconstruction Fund to date.
| Source |
Total
Pledges
$ million |
Cash
Receieved
$ Million |
 |
European Commission |
51.17 |
51.17 |
 |
Government of the Netherlands |
12.00 |
12.00 |
 |
Government of the United Kingdom |
10.77 |
10.77 |
 |
Asian Development Bank |
10.00 |
10.00 |
 |
Government of Canada |
6.53 |
6.53 |
 |
Government of Finland |
1.99 |
1.99 |
 |
Government of Denmark |
1.60 |
1.60 |
| Total Contributions |
94.06 |
94.06 |
|
Allocations
The Java Reconstruction Fund has allocated US$ 62.32
million to two projects: the Transitional Housing project and the
Permanent Housing Project. The previous allocation of US$ 6.64
million for the transitional housing was reduced to US$ 2.32
million due to the reduced demand for transitional houses. The
funds not utilized will be allocated for future projects. At the end
of 2007, The Java Reconstruction Fund made a commitment to
a livelihood project amounting to US$ 15.24 million. The total of
the allocation and commitment to projects represent 82 percent
of total commitment.
Of the total funds, approximately US$ 17.20 million remains
to be allocated to project/s. The available funds have considered
interest income from cash in hand, trust fund administration
costs, and project supervision costs.
Disbursements*
The Java Reconstruction Fund disbursement to projects as of September 30, 2008 is US$ 50.83 million. A large part of the
disbursement has been to the Permanent Housing and Community Infrastructure Project, which represents 64% of the Java
Reconstruction Fund, and the funds are channeled through the Government budget. In total, 54% of all allocated funds
have been disbursed.
| |
Allocation
US$ million
|
Disbursement
US$ million |
| Transitional Housing Project |
2.32 |
2.32 |
| Permanent Housing and Community Infrastructure Project |
60.00 |
47.27 |
| Total |
62.32 |
49.58 |
* as of September 30, 2008
Financial Outlook
Implementation of the housing project is
expected to be completed in 2008 but the
community infrastructure reconstruction is
expected to be extended to 2009.
All funds are expected to be allocated by
the end of 2008.The current closing date of
the JRF is December 1, 2010. The majority of the remaining
activities are expected to take place during 2009
(91% of total funds are expected to be
disbursed by the end of this year).
|
