PROJECT

Projects

Summary of Investment Information

Project Number

35833

Company Name

BLUE BIRD, PT TBK

Date SPI Disclosed

Dec 5, 2014

Country

Indonesia

Region

East Asia and the Pacific

Projected Board Date

Oct 3, 2014

Environmental Category

B - Limited

Status

Completed

Last Updated Date

Nov 30, 2016

Department

Regional Industry - INF Asia & Pac

Industry

Infrastructure

Previous Events

Approved : Oct 3, 2014
Signed : Oct 13, 2014
Invested : Nov 3, 2014

Sector

Transit and Ground Passenger Transporation

Project Description

Blue Bird is a leading passenger transportation company in Indonesia with the largest fleet of modern
passenger vehicles and operating four business lines: (a) regular taxi services; (b) executive taxi services;
(c) limousine & car rental services; and, (d) charter bus services. Blue Bird was incorporated in 2001. It
currently has a fleet of more than 30,000 vehicles serving more than 8.5 million passengers per month
across Indonesia.

Blue Bird operates in 17 locations throughout Indonesia serving many of the busiest residential, business
and tourist areas in the country. The company plans to expand its operations in existing locations and
potentially new geographic areas, depending on Blue Bird’s assessment of the business opportunity.
IFC is considering an equity investment in the form of common shares as part of Blue Bird’s IPO. The
proceeds of the investment should help support the company’s capital expenditure program for the next
few years including the expansion of the taxi fleet and some initiatives to improve efficiency (“Project”).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation