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Jakarta Post

Japan investment in RI will continue as scheduled despite tragedy: Minister

  • The Jakarta Post

Jakarta   /   Tue, March 15 2011   /  10:00 am

Japan’s investment plans in Indonesia will continue as scheduled despite the recent massive earthquake and tsunami, a senior minister says.

That investment includes the US$24 billion Metropolitan Priority Area (MPA) infrastructure project in Greater Jakarta.

After speaking with Japan’s ambassador to Indonesia, Coordinating Minister for the Economy Hatta Rajasa said the “kick-off meeting” for the MPA project will be held on March 17 as scheduled.

Hatta said the powerful quake that struck Japan would not impede the recent investment commitments of a number of the country’s major companies.

“All of the programs that have been committed to by Japan will still be realized. So far, everything is still on track, nothing has been delayed. Geothermal, MRT, transportation projects, JBIC [Japan Bank for International Cooperation], all are still ongoing,” h...