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.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsSemarang offers Rp 17.13 trillion infrastructure projects
The COVID-19 pandemic has battered the country’s economy and investment, including in Semarang, worsening the government’s struggle to attract investors.
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!
Set as preferred source
T
he Semarang administration offered investors five infrastructure projects worth a total of Rp 17.13 trillion (US$1.15 billion) in a business forum opened on Wednesday, as it seeks to develop the Central Java capital amid the ongoing health crisis.
During the 14th Semarang Business Forum, Mayor Hendrar “Hendi” Prihadi promoted, among other projects, a light rail transit project estimated to be worth Rp 14.76 trillion, waste-to-energy plant (PSEL) in Jatibarang subdistrict worth Rp 1.2 trillion and an underpass in the city’s Simpang Lima traffic circle worth Rp 850 billion.
“For investors making a deal to invest in Semarang today, we are ready to give discounts for BPHTB [land and building rights acquisition tax] and PBB [land and building tax],” Hendi said in a virtual talk on Wednesday.
The promotion of the investment opportunities comes as Semarang falls short of its investment target this year of more than Rp 35 trillion. The city administration recorded only around Rp 5 trillion in investment in the first half of the year.
