Wed, 09 Jun 2010

From: The Jakarta Post

By Andi Haswidi, The Jakarta Post, Shanghai
Three Indonesian provincial administrations met with China's construction and electrical firms in Shanghai on Tuesday, showcasing billions of dollars worth of projects aimed to solve the bottlenecking of economic growth in the Southeast Asian country.

Hosted by the Investment Coordinating Board (BKPM), the meeting was attended among others by more than 30 high-level executives from China's big players with global footprints such as the China Railway Engineering Co Ltd, China Industry Investment International, State Grid International Development and China Road and Bridge Corp.

The three administrations are West Java, Riau and East Kalimantan provinces.

West Java governor Ahmad Heryawan told the executives that the province's investment arm, PT Jasa Sarana, was looking for partners to develop a 239-kilometer toll road connecting the provincial capital of Bandung and Tasikmalaya. The project is estimated to cost US$1 billion.

The next big project offered by Jasa Sarana was the Cilamaya port, worth an estimated $1billion. “This port is located near Indonesia's oldest port, the Tanjung Priok, which is suffering from over capacity,” he said.

Heryawan told The Jakarta Post that auto producer PT Toyota Astra Motor had already expressed interest in constructing the port to support its car export activity.

Geothermal power plants are also in the list of projects offered by the province. “In the next two to three months we will open bids for three geothermal projects, each will need $2 billion to construct,” Heryawan said.