The Jakarta Post

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Government pays $3.76b for land in 77 strategic projects

Adrian Wail Akhlas (The Jakarta Post)
Premium
Jakarta
Fri, July 3, 2020

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

T

he Finance Ministry’s State Asset Management Agency (LMAN) has reimbursed Rp 53.3 trillion (US$3.76 billion) owed to state-owned companies for land acquisition in 77 strategic national projects, including toll roads and irrigation systems, as of June 24.

The agency paid Rp 47.7 trillion for land acquisition in 40 toll road projects, Rp 3.5 trillion for 25 dam projects, Rp 1.3 trillion for seven railway projects and Rp 539 billion for a port project, LMAN president director Basuki Purwadi said on Friday.

“The government’s commitment to build infrastructure will continue as it does not only boost economic growth but also creates jobs and connects regions,” Basuki told reporters in an online press briefing, adding that the government was hoping to improve the reimbursement process.

The agency, which is responsible for the reimbursement of state-owned companies for land acquired in strategic national projects, has paid Rp 22.24 trillion to toll road operator PT Jasa Marga, Rp 11.88 trillion to construction company PT Waskita Karya and Rp 6.35 trillion to construction firm PT Hutama Karya.

Basuki said the agency had procured land worth a total of Rp 4.38 trillion from March 16 to June 24 – during the coronavirus pandemic. He said the agency would continue to reimburse funds to help companies endure depressed toll road traffic.

The government has said it will continue the development of strategic national projects during the COVID-19 health crisis with the addition of 89 projects with an estimated investment value of Rp 1.42 quadrillion.

Coordinating Economic Affairs Minister Airlangga Hartarto said recently that the new projects were an addition to the existing 223 strategic national projects and were expected to employ about 4 million additional workers each year from 2020 to 2024.

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Government pays $3.76b for land in 77 strategic projects

Rp 35,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 35,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.