Thu, 25 Mar 2010

From: The Jakarta Post

By Aditya Suharmoko, The Jakarta Post, Jakarta
Indonesia has to raise about US$100 billion in private investment in the 2010-2014 period to develop infrastructure projects required to reach a 7 percent growth annually, the Investment Coordinating Board (BKPM) says.

"If we use the basis of infrastructure development under the government's plan, between $140 billion and $150 billion needs to be spent for infrastructure development in five years.

"Our budget can spend $40 billion or $50 billion, so about $90 billion must come from the private sector, which can be in the form of loans or equities," BKPM head Gita Wirjawan said Thursday on the sidelines of the Indonesia Summit held by Economist Conferences.

The BKPM said Indonesia would need Rp 2,000 trillion ($220 billion) in investment annually to reach a 7 percent growth in 2014.