Private sector should participate more in infrastructure projects: Jokowi
The Jakarta Post
Indonesia will encourage the private sector to participate in infrastructure projects, President Joko "Jokowi" Widodo has said, stressing that the government will prepare several policies to create an attractive investment climate.
During a limited meeting on investment at the Presidential Office in Jakarta on Tuesday, Jokowi said private sector contribution to infrastructure projects should be similar to that in international best practices.
"Private sector involvement in global infrastructure development contributes 22 to 44 percent. Therefore in this meeting, we’ll try to encourage them to participate more in infrastructure projects," he said.
To pique private sector interest, the President further said, policies must be prepared that created an attractive investment climate as well as deregulation to ensure certainty to businesspeople, as well as incentives, to facilitate private companies.
"PPPs [public-private partnership] schemes can also be offered. They can be used for public infrastructure projects. But due to the tariff burden, support is needed in the form of incentives to ensure its feasibility," he explained. (ags)
You might also like :
- Father-son duo arrested over alleged drug dealing
- China vows to protect interests as US eyes trade sanctions
- Wu's fans skip Chinese New Year for NBA All Star celebrity game
- Italy's country doctor making house calls on horseback
- Vatican revives pope's sexual abuse panel
- India, Iran agree to step up efforts to help Afghanistan
- Indonesia mulls ban on maids to Malaysia
- Pakistan child killer handed four death sentences
- East Java targets to vaccinate 10m following diphtheria outbreak
- Adelina’s family demands compensation