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Jakarta Post

Government pays $3.76b for land in 77 strategic projects

  • Adrian Wail Akhlas

    Jakarta

Jakarta   /   Fri, July 3 2020   /  01:00 am
Cisumdawu toll road.(Public Works and Public Housing Ministry/Public Works and Public Housing Ministry)

The 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 compan...