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Jakarta Post

Indonesia offers infrastructure projects to global investors

  • News Desk

    The Jakarta Post

Jakarta   /   Fri, January 26, 2018   /   03:10 pm
Indonesia offers infrastructure projects to global investors State-Owned Enterprises Minister Rini Soemarno (tribunnews.com/File)

State-Owned Enterprises (SOE) Minister Rini Soemarno has invited investors from a number of countries to invest in various infrastructure projects at an investor gathering in Zurich, Switzerland, on Thursday.

Among the projects offered to investors include airports, seaports, roads, telecommunications and electricity.

“We have strong commitments to improve connectivity by developing air, sea and land transportation,” said Rini at the event, which was attended by investors from Switzerland, Qatar, China, Azerbaijan, Malaysia and Norway.

Rini explained to investors that the government programs included the construction of 35,000-megawatt power plants, 2,650 kilometers of new roads, 1,800 km of toll roads as well as fiber optic networks.

“In late 2014, Indonesia had a total of 780 km of toll roads. We are developing 1,800 km of new toll roads, which are expected to be complete in 2019,” she added.

She also revealed the program on the digital infrastructure project, particularly the extension of the fiber optic networks from 112,494 km in 2014 to 158,850 km in 2018.

Rini explained that under the government's plan, Indonesia needed US$500 billion of funds to develop infrastructure projects from 2015 to 2019.

The projects that she offered to the investors included those in eastern Indonesia, which she said had gotten less attention in the past.

“Our expansion looks ambitious, but it is also realistic,” said the minister, adding that the Indonesian middle class was growing rapidly, which was supported by strong macroeconomic conditions and a stable political situation.

During her visit to Switzerland, Rini was accompanied by dozens of SOE CEOs. (bbn)