Fri, 25 Feb 2011

Jakarta (ANTARA News) - Japan trough its external trade wing has shown interest in Indonesia`s transportation infrastructure market which is valued at 120 billion US dollars until 2014.

"In the transportation field, we project that Indonesia will need a fund of about 120 billion US dollars for the improvement of the transportation infrastructure until 2014," said Takashi Nakayama, president director of Japan External Trade Organization (Jetro)-Jakarta, in a seminar, here on Thursday.

The seminar, themed "Structuring Public Private partnership Railway Projects," held jointly by Jetro, Economic Research Institute for Asean and East Asia (ERIA) and the Indonesian government.

Considering the magnitude of the required fund, Nakayama said there would be a limitation on the Indonesia government side to cover work alone so that there will be opportunities for the private sector to take part in the projects.

Jetro, which has branch offices in more than 50 countries around the world, has extensive experiences in the improving works for transportation infrastructures in many countries.

Nakayama added that Jetro has played pivotal roles in creating mutual understanding between business people around the world with the Japanese trade partners.

Jetro is a government-related organization that works to promote mutual trade and investment between Japan and the rest of the world.

Originally established in 1958 to promote Japanese export abroad, Jetro`s core focus in the 21st century has shifted toward promoting foreign direct investment into Japan and helping small to medium size Japanese firms maximize their global exports potentials.