Wednesday, 16 September 2009

Indonesia to Offer Infrastructure Package Worth 350 Trillion to The Conference on Infrastructure Next Year

The Indonesian Government planned to offer infrastructure project worth Rp. 350 trillion to investors at ministerial level conference on infrastructure in Jakarta next year.

The project included the 30 kilometer long Sunda Straits bridge which connected the islands of Sumatra and Java.

The conference of infrastructure would be participated by 53 countries of the Asia Pacific region, scheduled to be held from April 14 to 17, 2010.

Indonesia aimed the offer at countries of high financial capacity like China, Japan and South Korea.

The important thing is that we have been entrusted to conduct this convention and we are going to make the best of it. We will be presenting some infrastructure projects for which we are ready. Out target is to offer infrastructure projects worth Rp. 350 trillion.

Paskah Suzetta, Minister of National Development Planning disclosed this Business News at the Presidential Palace, Thursday [27/8].

Among the projects offered were roads bridges, harbours, airports etc “I am sure these projects would sell”.

The Sunda Straits bridge was now in the process of feasibility study and would be stipulated by the Government, some adjustments were necessary based on the feasibility study.

“Still to be improved. We shall include this. The plan of the Sunda Straits bridge should be prepared to be offered to the international forum”.

The projects being offered were part of the Government’s endeavours to accelerate economic recovery.

Previously the Ministry of Development Planning stated that the global economy would need USD 30 to USD 40 trillion of investment in infrastructure for the next 20 years, while Asia alone needed USD 6 trillion.

Indonesia was striving hard to step up infrastructures to support the national target of economic growth of around 7%.

President Susilo Bambang Yudhoyono had promised to double the infrastructure spending to become USD 40 billion in his second ruling period.

Indonesia ranked 86 among 133 countries in infrastructure quality at the World Economic Forum 2008 Global Competitive Index. This position was lower than Pakistan and Srilanka.

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