From: Antara NewsJakarta (ANTARA News) - Indonesia will propose a regional infrastructure fund (RFI) during the Asia Pacific Ministerial Conference on Public & Private Partnerships for Infrastructure Development (APMC PPP 2010) here in April.
"It (the RFI) will function as a pool of funds from various countries to finance infrastructure projects in Indonesia. So investors wishing to invest in the Indonesian infrastructure sector can make use of it as alternative fund," the deputy for infrastructure facilities to the head of the National Development Planning (Bappenas) Dedy S Priatna said here on Thursday.
He said the formation of RFI would hopefully give Indonesia access to a great deal of funding sources. "So far a great chunk of foreign loans comes from the World Bank and the Asian Development Bank. So we can make use of the RFI to seek funds," he said.
In addition, Indonesia would also propose the establishment of a Asia Pacific Public & Private Partnerships centre at the meeting, he said.
"The two proposals will be put laid down in the Jakarta Declaration which will be the outcome of the conference on April 14-17," he said.
Hopefully, the Jakarta Declaration would help accelerate the development of PPP infrastructure projects in the country, he said.
The draft of the Jakarta Declaration had been distributed among 53 Asia-Pacific countries for support and approval, he said. (*)