Looking forward: Vice President Boedion delivers a speech at the Indonesia Summit, an economic discussion hosted by Economist Conferences, in Jakarta on Thursday. Boediono stressed the need to add and upgrade infrastructure "without delay" to accelerate growth to 7 percent annually, from the 6 percent experienced in recent years. Antara/Puspa PerwitasariLooking forward: Vice President Boedion delivers a speech at the Indonesia Summit, an economic discussion hosted by Economist Conferences, in Jakarta on Thursday. Antara/Puspa Perwitasari
Vice President Boediono stressed Thursday the need to add and upgrade infrastructure "without delay" to accelerate growth to 7 percent annually, from the around 6 percent experienced in recent years.
"To accelerate growth from the 6 percent range in recent years to 7 plus percent per year is going to require adding and upgrading infrastructure, from roads, railways, ports, power plants, to IT without delay," he told the Indonesia Summit held by Economist Conferences.
"We know that such a plan will require the private sector to a play a major role. Our capacity to finance a large amount to infrastructure falls quite short of what is required. We have worked hard to reduce hurdles to private investment in general and infrastructure in particular."
According to the Investment Coordinating Board, Indonesia needs Rp 2,000 trillion (US$220 billion) per year to develop infrastructure that will help it achieve a 7 percent growth by 2014.
Thu, 25 Mar 2010
JP/VP says RI needs infrastructure development without delay
Looking forward: Vice President Boedion delivers a speech at the Indonesia Summit, an economic discussion hosted by Economist Conferences, in Jakarta on Thursday. Boediono stressed the need to add and upgrade infrastructure "without delay" to accelerate growth to 7 percent annually, from the 6 percent experienced in recent years. Antara/Puspa PerwitasariLooking forward: Vice President Boedion delivers a speech at the Indonesia Summit, an economic discussion hosted by Economist Conferences, in Jakarta on Thursday. Antara/Puspa Perwitasari
Vice President Boediono stressed Thursday the need to add and upgrade infrastructure "without delay" to accelerate growth to 7 percent annually, from the around 6 percent experienced in recent years.
"To accelerate growth from the 6 percent range in recent years to 7 plus percent per year is going to require adding and upgrading infrastructure, from roads, railways, ports, power plants, to IT without delay," he told the Indonesia Summit held by Economist Conferences.
"We know that such a plan will require the private sector to a play a major role. Our capacity to finance a large amount to infrastructure falls quite short of what is required. We have worked hard to reduce hurdles to private investment in general and infrastructure in particular."
According to the Investment Coordinating Board, Indonesia needs Rp 2,000 trillion (US$220 billion) per year to develop infrastructure that will help it achieve a 7 percent growth by 2014.
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