Development on infrastructure projects planned<\/p>\n
JAKARTA (JP): Asian countries will spend some US$2.5 trillion
\nfor the development of infrastructures, including transportation,
\nenergy, railway, telecommunication and electricity, by the year
\n2000, officials said.<\/p>\n
Coordinating Minister for Industry and Trade Hartarto said in
\na press conference yesterday that infrastructure development is
\nof fundamental importance to the continued social and economic
\ngrowth in the region.<\/p>\n
He said that Asian governments, however, cannot finance all of
\nthe infrastructure developments.<\/p>\n
\"The funds are limited,\" he said.<\/p>\n
The Indonesian government, therefore, will conduct a five-day
\nmeeting between Asian government officials and world business
\nleaders to discuss the financing of infrastructure projects.<\/p>\n
The conference, entitled \"World Infrastructure Forum: Asia
\n1994,\" will be held in Jakarta on Oct. 17-21, during which more
\nthan 700 delegates and 300 exhibitors from some 20 countries are
\nexpected to take part.<\/p>\n
Hartarto said the forum is designed to accelerate the pace of
\ninfrastructure development throughout Asia by improving
\ncooperation between the public and private sectors.<\/p>\n
Contributions<\/p>\n
Minister of Transportation Haryanto Dhanutirto, who attended
\nyesterday's press conference, said private sector companies are
\nexpected to contribute 44 percent of the total budget of Rp 28.6
\ntrillion ($13.18 billion) in developing transportation projects
\nin Indonesia during the sixth Five Year Development Plan
\n(Repelita VI) period, which began in April.<\/p>\n
Besides Haryanto, yesterday's meeting was also attended by
\nMinister of Tourism, Post and Telecommunications Joop Ave,
\nMinister of Public Works Radinal Moochtar and Secretary General
\nof the Ministry of Mines and Energy Umar Said as well as the
\nconference's organizer, Andrew J. Way.<\/p>\n
\"The private sector's contribution will be the biggest part
\nbecause the government will contribute only 16 percent, state-
\nowned enterprises 12.5 percent and foreign creditors 27 percent,\"
\nHaryanto said.<\/p>\n
All of the ministers said that they had agreed to jointly
\nsupport the conference.<\/p>\n
\"This is the first conference of such a huge size.... I'd be
\nthe first to scream and fight back if something happened to
\nprevent the conference,\" Joop bluntly said.<\/p>\n
Way, the managing director of the Singapore-based Development
\nForum Administrations Pte. Ltd., told The Jakarta Post that over
\n$4 million will be spent to conduct the conference.<\/p>\n
He said that President Soeharto of Indonesia, President Fidel
\nRamos of the Philippines and Deputy Prime Minister Brian Howe of
\nAustralia, will address the World Infrastructure Forum.<\/p>\n
A number of high ranking officials of Asian and other
\ncountries will be speakers at the conference, including Richard
\nHu of Singapore, Ngo Xuan Loc of Vietnam, Rizalino S. Navarro of
\nthe Philippines, Ali Abdul Hassan bin Sulaiman of Malaysia,
\nSethaporn Cusripituck of Thailand, Mohd Ramli Kushairi of
\nMalaysia, Hyung Koo- lee of South Korea, Ralph Evans of Australia
\nand Dianne Ruddo of the United States.<\/p>\n
Way said that chief executive officers from 30 multinational
\ncorporations will also be speaking at the forum.<\/p>\n
Hartarto also announced the agreement to reestablish a
\ncommittee to promote cooperation between the public and the
\nprivate sector.<\/p>\n
The forum is the first of a series of events which are planned
\nto take place in South America and Europe before returning to
\nAsia again in 1996 or 1997. (09)<\/p>",
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"sponsor": "Okusi Associates",
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