April 14 (Bloomberg) -- A visit by Chinese Premier Wen Jiabao to Indonesia later this month may lead to increased investment in the infrastructure Southeast Asia\u2019s biggest economy needs to sustain growth.<\/p>\n
Wen and Indonesia\u2019s President Susilo Bambang Yudhoyono will sign a bilateral infrastructure agreement that will be a framework for Chinese investment, Indonesia\u2019s Trade Minister Mari Pangestu said.<\/p>\n
\u201cOn infrastructure, apart from what\u2019s already there in terms of soft-loans-funded infrastructure projects, we would like to see much more public-private partnership-types of infrastructure investment\u201d from China, Pangestu told a lunch meeting with foreign journalist in Jakarta today.<\/p>\n
Indonesia, which overtook Vietnam to as the region\u2019s fastest growing economy after China and India in December, plans to double spending on roads, seaports and airports to $140 billion over the next five years to help boost annual growth to an average 6.6 percent.<\/p>\n
Indonesia\u2019s GDP grew 5.4 percent in the three months to Dec. 31, compared with 10.7 percent for China and India\u2019s 6 percent. Vietnam, who economy expanded 4.5 percent in that period, posted a 5.8 percent gain in the first quarter.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/chinas-wen-visit-may-prove-boon-for-indonesia-infrastructure-1271299746", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }