Fri, 03 Sep 2010

TEMPO Interactive, Jakarta: French government have expressed interest to invest in one of indonesia’s infrastucture projects promoted by the Indonesian government under the tagline “public private partnership” program that include transport, power, and clean water projects.

After a meeting between French International Trade Minister Anne-Marie Idrac yesterday (2/9), Director of the Investment Board Coordinator Gita Wirjawan said “the french minister said there is no reason for french infrastructure firm for skipping investment opportunities in Indonesia especially on railway project.”

At a second meeting with 27 executives from several major french businesses later in the day Gita tried to persuade the french businessmen about the security guarantee prepared by the government for investments made in the projects being offered.

Gita said the government is setting up an investment insurance agency with US$200 provided by Finance Department, Asian Development Bank and a german financial institution, and promised a simplified bureaucracy for foreign investments as all administration requirements at all level of authorities should be handled by his agency when amendments on several government regulations approved.

At the business meeting French miner Eramet committed to invest about US$4 billion in the next five years and Danone will expand its production capacity by one billion litres.

The five priority projects in the public private partnership programs are railway construction, toll roads, seaport, clean water facility, and coal power plant.