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.<\/p>\n
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.<\/p>\n
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.<\/p>\n
\"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.<\/p>\n
Hadad declined to give details.<\/p>\n
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
\nfourth-largest lender, Bank BNI.<\/p>\n
But there is no single bank focusing solely on infrastructure funding in Indonesia, out of around 130 commercial banks.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/indonesia-mulls-setting-up-infrastructure-bank-1201578027", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }