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Jakarta Post

ASEAN, South Korea to boost regional connectivity

  • Primastuti Handayani

    The Jakarta Post

Seoul   /   Thu, December 6 2018   /  02:58 am

The governments of Southeast Asian countries, grouped in ASEAN, and South Korea have vowed to improve infrastructure links throughout the region, with the latter providing assistance and facilities to reach the goal.During the 6th ASEAN Connectivity Forum, held in the Grand Hall of the Korean Chamber of Commerce and Industry (KCCI) in Seoul from Nov. 27 to 28, ASEAN countries, including Indonesia, offered infrastructure projects to potential Korean investors through a public-private partnership (PPP) scheme.“The total value of investment required for infrastructure [projects in Indonesia] from 2015-2019 is US$359.2 billion, consisting of a 41.3 percent contribution from the state budget [$148.2 billion], 22.2 percent from state-owned enterprises [$79.8 billion] and 36.5 percent from private-sector participants [$131.1 billion],” Otto Ardianto, a technical expert from the Ministry of ...