Sunday, 5 April 2009

Government to tender $3.5B of projects in Q2: Minister

The government plans to put four infrastructure projects worth nearly $3.5 billion up for tender in the second quarter, including coal-fired power plant in Central Java, the planning ministry said on Wednesday, Reuters reported.
The four projects also include a $700 million railway connecting Soekarno-Hatta airport to Jakarta, a $740 million railway connecting Palaci and Bangkuang in Central Kalimantan, and a $24 million cruise terminal in Bali.Four other projects, worth $1 billion in total, will be put up for tender in the second half of 2009 and early next year.
“Projects, which are ready for tender, have already had feasibility studies and the government support, if needed,” said Planning Minister Paskah Suzetta, adding that the government would provide guarantees for political and natural disaster risk, as well as for land provision to attract investors.
The projects, to be funded by the private sector, are in addition to infrastructure deals covered by a Rp73.3 trillion ($6.35 billion) fiscal stimulus package which is aimed at driving growth and creating jobs in an election year.

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