Sat, 04 Nov 2006
Jakarta (ANTARA News) - The infrastructure fund that the government plans to establish has attracted serious interest from investors, including multilateral agencies and private institutions, State Enterprise Minister Sugiharto said.

"We're now in the process of drafting legal agreements between prospective investors, including the Qatar Investment Authority," Sugiharto was quoted by XFN-Asia as telling a news conference.

Sugiharto said others that have expressed interest in sponsoring the fund include the World Bank, the International Finance Corp, the Asian Development Bank, pension funds, insurance companies and private capital institutions.

The fund is meant to accelerate the development of infrastructure.

Separately, Finance Minister Sri Mulyani Indrawati said the government had set aside 4 trln rupiah in the budgets for this year and next for its infrastructure guaranteed fund and its infrastructure investment fund.

The purpose of the infrastructure guaranteed fund, which the government expects to establish by the middle of next year, is to give guarantees against certain infrastructure project risks. (*)



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