Indonesia announces $22.23 billion in infrastructure projects

[News_Editor]

Indonesia announces $22.23 billion in infrastructure projects

2011-05-27 21:42:17 GMT+7 (ICT)

JAKARTA, INDONESIA (BNO NEWS) -- The government of Indonesia on Friday announced 17 new infrastructure projects worth Rp.190 trillion ($22.23 billion).

The projects are part of Indonesia's 2011-2025 Indonesia Economic Development Expansion and Acceleration Master Plan, coordinating minister for economic affairs Hatta Rajasa told Antara news agency, adding that the projects would be funded by state-owned companies, national private companies, foreign direct investment and national budget.

They are planned to be carried out in four main locations: Sei Mangke in the province of North Sumatra, Cilegon in Banten, Lombok Timur, East Nusa Tenggara and Timika, Papua.

Hatta underlined the importance of gathering a solid team to monitor the projects in order to prioritize transparency and accountability, adding that the projects would accelerate sustainable and equal economic development across the country.

Three projects will be developed in Sei Mangke, including an oil palm area development project by PT Perkebunan Negara III with an estimated investment of Rp. 2.5 trillion ($292 million).

In the province of Aceh, projects include the Peusangan 1 and 2 hydro-powered plants worth Rp. 1.53 trillion ($179 million), as well as the Broadband Access and Through Broadband Access Plan by PT Telkom.

Meanwhile, a modern steel plant development project by PT Krakatau Steel and POSCO of South Korea in Cilegon in the West Java province of Banten is worth Rp. 60 trillion ($7 billion), while an energy gasification project in the same area is worth Rp. 59 trillion ($6.9 billion).

PT Astra Daihatsu's Rp. 2.4 trillion ($280 million) project is to extend its Samping, engine, casting and assembling plant for motor vehicles, while a Rp. 1.6 trillion ($187 million) toll road will be developed in Tanjung Priok by JBIC, the central government, the Jakarta administration, PT Angkasa Pura and PT Jasa Marga.

The fifth project is an aluminum grad chemical plant worth Rp. 4.3 trillion ($503 million) in Sanggau, West Kalimantan, and four projects to be carried out in East Lombok include the Pandan Duri dam with an estimated investment of Rp. 728 billion ($85 million), the Titab dike worth Rp. 481 billion ($56 million), the Ngurah Rai airport expansion worth Rp. 1.94 trillion ($227 million) and the development of new Garuda Airlines routes of 13 cities in the Indonesian eastern regions.

In addition, four transportation infrastructure projects to be carried out in Timika, Papua, are estimated to be worth Rp. 1.8 trillion ($210 million), while others include a mining project and a cobalt and nickel processing plant worth Rp. 50 trillion ($5.85 billion) and 150 KWp and 200 KWp solar power projects.

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