Indonesia woos infrastructure investors<\/p>\n
MELBOURNE, Australia (AFP): Indonesia wants foreign companies
\nto bid for up to US$11 billion of transport infrastructure
\ndevelopment over the next five years, Indonesian Communications
\nMinister Haryanto Dhanutirto said yesterday.<\/p>\n
Haryanto, who has special responsibility for non-road
\ninfrastructure development, including ports and airports, told a
\ntrade conference here his government wanted investment through
\njoint ventures with state-owned companies.<\/p>\n
\"The patterns of cooperation could be in the forms of joint
\nventure, management contract, or joint operation through either
\nbuild-operate-transfer or build-operate-own,\" he said.<\/p>\n
Haryanto said the private sector had been playing an important
\nrole in developing and maintaining transportation infrastructure
\nin Indonesia.<\/p>\n
\"For the running of special business activities -- such as
\nspecial services, special seaports, special airports -- licenses
\nfrom government are needed and technical guidance will be
\nprovided by the Department of Communications.\"<\/p>\n
He cited a five-year development plan known as the Repelita
\nVI, which he said envisaged $17 billion investment in
\ntransportation infrastructure.<\/p>\n
\"It is projected that the government share will account for 14
\npercent of the total budget and the foreign loan contributes 21
\npercent, so that the state-owned companies and the national as
\nwell as international private sectors will be encouraged to
\nfinance 65 percent of the total budget,\" he said.<\/p>\n
Indonesia, with 192 million people and rapid economic growth,
\nhas been steadily deregulating its economy including loosening
\ncontrols on foreign investment two years ago.<\/p>\n
It is one of Australia's major trading partners, with
\nAustralian exports of $2 billion last year.<\/p>\n
Australia is also the seventh largest investor in Indonesia in
\nterms of the number of projects, although investment is still
\nlargely concentrated in the mining sector.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/indonesia-woos-infrastructure-investors-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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