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Large projects up for grab at Forum
More than 50 infrastructure projects will be offered to potential investors during the second Indonesian Regional Investment Forum, slated to run from May 26 to 27, the forum organizer says
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More than 50 infrastructure projects will be offered to potential investors during the second Indonesian Regional Investment Forum, slated to run from May 26 to 27, the forum organizer says.
The projects include the construction of the Balaraja agribusiness terminal, Cilegon-Bojonegoro tollroad, the Bajanegara International Port in Banten province, the Kaliwungu port and industrial area in Kendal, Central Java, and a railway network system and industrial area in Dumai regency, Riau.
"The Bajanegara International port development will be the largest project offered by the regions by value at US$784 million. But no matter how big or small the values of the projects, they all create employment and eventually wealth," the forum's CEO Tony Gourlay said.
In addition to infrastructure projects, he said, the forum would also offer mining and energy sector projects, including the Cisukarame Cisolok and Tampomas geothermal power plants in West Java, a water power plant in Kutai Kertanegara regency, as well as drinking water and mining projects in Tulang Bawang.
More than 66 regencies have committed to offering a total of 200 projects estimated to be worth a combined $6 billion to $8 billion.
The forum, scheduled to be opened by President Susilo Bambang Yudhoyono, hopes to attract over 500 investors, including 70 foreign, to channel funds to provinces, cities and regencies.
Participating regions are required to present feasible projects worth at least $50 million per region to potential domestic and foreign investors.
In addition to foreign investors, the forum also hopes to secure Rp 151 trillion in investments from state-owned enterprises, which would be an increase from the Rp 114 trillion generated through the forum last year.
The forum will also feature lectures from noted international speakers, including former Thailand prime minister Thaksin Sinawatra, chairman of Sime Darby and former deputy prime minister of Malaysia Tun Musa Hitam and noted Japanese writer Kenichi Ohmae.
Thaksin, who owns telecommunications company Shin Corp, will discuss regional competitiveness.
