The East Java Capital Investment Board (BPM) plans to develop seven industrial sectors on Madura Island when the Suramadu bridge, which will connect it to Surabaya, is opened on June 10, The Jakarta Post reported.
"We see good prospects for the seven sectors. Therefore, we hope that both foreign and domestic investors will be interested in investing their capital in Madura. It, of course, will boost economic growth on the island," East Java BPM chairman Hary Soegiri said Thursday in Surabaya.
"We expect the development of the seven sectors will able to absorb about 800,000 local workers. Hence, the economic growth in the island will be better," Soegiri said.
Soegiri said the seven sectors will include the development of a cargo seaport on Madura, a project which will be aided by the improvement of Madura's north and south roads; the expansion of a 600-hectare residential, trade and tourism area as well as the development of basic needs, like clean water, sanitation, energy and telecommunications.
The other areas to be developed include a 1,000-hectare international harbour at Tanjung Bulu, Pandan, North Bangkalan; the cattle husbandry industry; the salt industry in Sumenep and a 500-hectare jasmine plantation - to be processed into essential oil - in Tanjung village, Burneh district, Sumenep.
Soegiri said that PT Madura Industrial Seaport City (MISC) has invested Rp3.2 trillion ($317 million) for the development of trade, industry and seaports in Madura.
Other foreign corporations, he added, have had long-standing investments in Madura. Japanese concern PT Dwi Bina Utama invested $126,500 in fish processing in Sumenep in 1998.
PT Aneka Boga Nusantara, a joint Japanese South Korean venture, has invested $1.7 in fish processing in Sumenep since 1997.
Domestic firms have also invested in Maruda. PT Karya Dibya Mahardika has invested Rp16.9 billion on a tobacco plantation in Sumenep, PT Adiluhung has invested Rp7.5 billion on boat manufacture and repair in Bangkalan and PT Maxima Mutiara Indonesia has invested Rp3 billion in the cultivation of pearl shell seedlings in Sumenep.
So far the only way between Surabaya and Madura is by ferry. The opening of the country's longest bridge is expected to increase economic growth in Madura.