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Jakarta Post

Indonesia to offer six projects at IMF-World Bank Annual Meetings

  • News Desk

    The Jakarta Post

Jakarta   /   Fri, September 28, 2018   /   10:19 am
Indonesia to offer six projects at IMF-World Bank Annual Meetings Transportation Minister Budi Karya Sumadi (Antara/Wahyu Putro A)

The government is planning to offer six infrastructure projects at the IMF-World Bank Annual Meetings, which will be attended by representatives from 189 countries, in Bali next month.

Transportation Minister Budi Karya Sumadi said in Jakarta on Thursday that the six projects comprised three for the light rapid transit (LRT), two for airports and one for a seaport.

The LRT projects, he said, would be developed in Bandung, Surabaya and Medan. “The value of each project ranges from Rp 5 trillion (US$335 million) to Rp 10 trillion,” Budi said as reported by

Two airport expansion projects – one for Kualanamu International Airport in Medan and one for an airport in Lombok, West Nusa Tenggara – required an investment of between Rp 3 trillion and Rp 6 trillion for each project, Budi added.

Another project, the Kuala Tanjung Seaport in North Sumatra, needed a total investment of between Rp 3 trillion and Rp 5 trillion, he said, adding that the government had no preference on which investors to bring in.

“We offer [the projects] to all participants. We will hold a presentation at the venue [for the event],” Budi said.

He said the six were strategic projects and that Indonesia needed to cooperate with foreign companies to operate them once they are completed.

The 2018 IMF-World Bank Annual Meetings will be attended by an estimated 15,000 delegates from 189 countries. Participants will include finance ministers, central bank governors, representatives of global and regional institutions, businesses, academics and journalists. (bbn)