Mon, 25 Oct 2010

Bandarlampung, Lampung (ANTARA News) - The government is discussing a US$60 billion worth of economic corridor development plan which will divide the country`s economic development areas into economic zones and clusters beginning in 2011, Chief Economic Minister Hatta Rajasa said.

"Called Indonesia Economic Corridor 2011, the zoning economic development will need a fund of US$60 billion and will jointly be supported by a number of parties such as private firms, public private partnership, foreign assistance, state-owned companies (BUMN) and state and regional budget (APBN/APBD)," the coordinating minister for economic affairs said here on Sunday.

He said that the Indonesia Economic Corridor 2011 scheme was a mid-term economic development plan whose implementation was expected to proceed until 2025.

Based on the scheme, all economic development which is intended to improve the economic welfare in all regions in Indonesia will be divided into six economic zones.

Hatta said that the plan would be launched by President Susilo Bambang Yudhoyono in 2011 and at present his office was still discussing it with the relevant agencies to draw up strategies to realize it.

The minister said that each zone would be developed in accordance with its potentials and would be directed to create work balance among respective zones.

The economic zone development would give priority to the creation of new work opportunities for local people, not people coming from other regions.

The minister cited Lampung as an example. It would be transformed into a new economic corridor with the government support to develop the Sunda Strait Bridge (JSS).

"The JSS is an obligatory project that should be done immediately owing to the fact that its function is strategic for the development of the economic zone in the area," he said. (*)