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Jakarta Post

Jokowi to infrastructure SOEs: Make space for private companies

  • Riza Roidila Mufti

    The Jakarta Post

PREMIUM
JAKARTA   /   Mon, November 11, 2019   /  03:51 pm
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President Joko “Jokowi” Widodo promises to build more infrastructure projects in Papua and West Papua during his visit to the provinces on Oct. 28.(Antara/Setpres-Kris)

President Joko “Jokowi” Widodo has called on state-owned enterprises (SOEs) to involve private companies in the country’s massive infrastructure development initiative. “I remind state-owned enterprises [SOEs] not to take them all; please leave space for private companies, including small businesses, to be involved in infrastructure projects,” Jokowi said in his opening speech for Indonesia Infrastructure Week in Jakarta International Expo, North Jakarta, on Wednesday. The President’s remark received a rousing round of applause from the audience, which comprised company executives from the construction sector. “Please give the private sector priority. If the private sector does not want to take a project, then let the SOEs do it, especially for projects with a lower internal rate of return [IRR]. However, if SOEs don’t want to do t...