TheJakartaPost
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The government is banking on corporate participation to bridge Indonesia’s infrastructure funding gap, but experts warn that strained finances of state-owned construction firms and the current reluctance of private investors to commit to large-scale projects may hinder progress.
Coordinating Infrastructure and Regional Development Minister Agus Harimurti Yudhoyono has tasked the Spatial Planning Ministry/National Land Agency with forming a land acquisition committee to support infrastructure programs.
Prabowo Subianto’s team on Sunday scrambled to dispel concerns that the president-elect appeared to be critical of the government’s infrastructure drive in a recent fiery speech to young cadets justifying the importance of bolstering defense.
The infrastructure development in Indonesia can’t only be carried out by business as usual, as Indonesia needs sustainable infrastructure development towards the goal of achieving a Golden Indonesia 2045.
After the merger is concluded, Bank Syariah Indonesia is expected to hold Rp 214.6 trillion (US$15.24 billion) in assets with a core capital of Rp 20.4 trillion and the bank could become one of the world’s biggest sharia banks by market capitalization by 2025.
