Tue, 29 Jan 2008
Jakarta (ANTARA News) - The Indonesian government is considering setting up a specialised bank that focuses on providing long-term financing only for infrastructure projects, a central bank deputy governor said on Monday.

The government estimates Southeast Asia's biggest economy needs to spend around $140 billion over the next several years to develop the country's ailing infrastructure including toll roads, rails and ports.

The central bank said it expects the infrastructure bank to raise funds by issuing long-term debt or seeking foreign loans from multilateral institutions, apart from funds from depositors.

"We are discussing the matter with the state enterprises minister," a deputy governor at the central bank, Muliaman Hadad, was quoted by Reuters as telling reporters on the sidelines of a parliamentary hearing.

Hadad declined to give details.

Commercial banks which have a strong presence in the loan market for infrastructure projects include Bank Mandiri , the country's largest lender by assets, and the
fourth-largest lender, Bank BNI.

But there is no single bank focusing solely on infrastructure funding in Indonesia, out of around 130 commercial banks.



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