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Lake Toba needs Rp 21t total investment
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A man rows in the vast Lake Toba, listed as a special economic zone (SEZ) and a priority destination. (Shutterstock/File)
T
oba Lake and its surrounding areas in North Sumatra need Rp 21 trillion (US$1.55 billion) to equip the area with infrastructure and hospitality facilities, such as resorts, hotels and restaurants, to transform the area into a major tourist destination.
Lake Toba Authority Body finance director Faisal said the amount was based on the calculations of the authority for investment until 2019.
The government, through various ministries, is investing Rp 10 trillion, while the remaining Rp 11 trillion was expected to come from private companies.
He said 40 investors had expressed interest in investing in the area, 27 firms of which came from China and Singapore.
Read also: Tourism Ministry to focus on developing four New Balis next year“Investors from China seems very serious. They want to develop resorts and construct cable cars as well as railway tracks around Lake Toba,” Faisal said in Humbang Hasundutan regency in North Sumatra on Sunday.
He said private companies were expected to develop hotels, restaurants and cable cars.
“We are aiming for 1 million tourist arrivals in 2019. Next year, we expect to receive 500,000 tourists. This year, we have received about 197,000 foreign tourists. We expect the arrival of 300,000 tourists by the end of the year,” he added.
He also promised to facilitate investors with easy licensing.(bbn)
