To improve connectivity between its vast regions and support economic growth, Indonesia requires more infrastructure financing than ever. As an alternative to the existing Public-Private Partnership (PPP) scheme, the Government of Indonesia has recently introduced a new form of concession, i.e. Limited Concession Scheme (“LCS”) as stipulated under Presidential Regulation No. 32/2020 on Financing of Infrastructure through Limited Right of Utilization (“PR 32/2020”).