{
    "success": true,
    "data": {
        "id": 1141180,
        "msgid": "govt-experts-more-from-summit-ii-1447893297",
        "date": "2005-12-28 00:00:00",
        "title": "Govt experts more from summit II",
        "author": null,
        "source": "JP",
        "tags": null,
        "topic": null,
        "summary": "Govt experts more from summit II Mustaqim, The Jakarta Post, Jakarta After a fairly dismal result from the last Infrastructure Summit 11 months ago, the government is upbeat about its second edition of the summit -- scheduled for February -- due to the more comprehensive nature of the projects on offer. \"Unlike the past summit, which was all about getting investors to run the projects, the Infrastructure Summit 2006 will mostly focus on all of infrastructure sector players.",
        "content": "<p>Govt experts more from summit II<\/p>\n<p>Mustaqim, The Jakarta Post, Jakarta<\/p>\n<p>After a fairly dismal result from the last Infrastructure Summit<br>\n11 months ago, the government is upbeat about its second edition<br>\nof the summit -- scheduled for February -- due to the more<br>\ncomprehensive nature of the projects on offer.<\/p>\n<p>\"Unlike the past summit, which was all about getting investors<br>\nto run the projects, the Infrastructure Summit 2006 will mostly<br>\nfocus on all of infrastructure sector players.<\/p>\n<p>\"It will not only comprise investors, but also suppliers,<br>\nmanufacturers, contractors, consultants, lawyers, accountants,<br>\netc. to raise the funds needed during the five-year projects,\"<br>\nSenior advisor to Coordinating Minister for the Economy Bambang<br>\nSusantono, stated on Tuesday.<\/p>\n<p>Bambang was speaking at a workshop on infrastructure.<\/p>\n<p>\"The projects on offer at the next summit will also be more<br>\ncomprehensive, competitive, accountable and transparent. They<br>\nwill be more attractive,\" said Bambang.<\/p>\n<p>\"The government expects more industry players to collaborate<br>\ndue to the new format of the Infrastructure Summit II.\"<\/p>\n<p>The hype surrounding the first summit turned out to just that<br>\nas little concrete work came out of it. Few investors were<br>\ninterested in even taking part in the tender processes. Of the<br>\ntotal of 91 projects worth US$22.5 billion, only six even managed<br>\nto get to a bidding process, but only one project is currently<br>\nbeing carried out.<\/p>\n<p>The figures were based on data from a government-assigned<br>\ncommittee for infrastructure projects (KKPPI).<\/p>\n<p>Projects that failed to attract bids at the first summit will<br>\nfor sure be put up again, Bambang said.<\/p>\n<p>The government has said that the country would need about<br>\nUS$145 billion over the next five years to develop its<br>\ninfrastructure to a point that is sufficient for current needs.<\/p>\n<p>The government will contribute about 17 percent of the<br>\ninvestment needed.<\/p>\n<p>The other 21 percent will be covered by local financial<br>\ninstitutions, including banks, insurance companies, mutual funds<br>\nand pension funds, with the remaining 62 percent expected to be<br>\nprovided by foreign donors, including the World Bank and<br>\nstrategic partners from overseas.<\/p>\n<p>The figures exclude the costs of rehabilitation of damaged<br>\ninfrastructure, and also do not include expenses incurred during<br>\noperation or maintenance of existing infrastructure assets.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/govt-experts-more-from-summit-ii-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}