TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Prabowo pitches Java's giant seawall project to Japanese firms: Rosan
A minister said the President had pitched the giant seawall project to Japanese business leaders through flexible cooperation schemes, in a bid to woo potential investors to the mega infrastructure project aiming to mitigate coastal erosion and subsidence.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
A barge is anchored off a reclamation project in Jakarta Bay, part of the controversial National Capital Integrated Coastal Development (NCICD) that includes a seawall, in this undated file photo first published circa 2015-2016. (JP/DON)
P
resident Prabowo Subianto has invited Japanese companies to take part in constructing a giant seawall spanning 600 kilometers that aims to address land subsidence along the northern coast of Java, according Investment and Downstream Minister Rosan Roeslani.
The President made his pitch on Thursday at a meeting with a business delegation from the Japan-Indonesia Association (Japinda) at his offices in Jakarta, Rosan said in a statement.
Government officials previously signaled on multiple occasions that the country was unable to finance the entire project on its own, with the previous government estimating in January that the project’s final bill could reach up to $60 billion.
The Prabowo administration has been looking to woo investors willing to put their money in the project, even as it seeks to fund other costly priority programs, including the President’s flagship free nutritious meal program.
Rosan said the potential cooperation with Japan would remain flexible and could involve business-to-business (B2B) or government-to-government (G2G) schemes, or a public-private partnership (PPP; KPBU).
Further discussions on funding and other details of the proposed collaboration were expected to take place on Friday, when Prabowo was scheduled to meet business leaders from the Jakarta Japan Club (JJC), he said.
“We are open to various forms of cooperation. We hope these large Japanese companies will contribute to construction, engineering and of course, the funding,” said Rosan, who also heads the Investment Coordinating Board (BPKM).
