Tue, 31 Aug 2010

Jakarta (ANTARA News) - President Susilo Bambang Yudhoyono on Monday received a Turkish delegation who came to confirm their country`s commitment to form infrastructure fund with Indonesia.

At the meeting with the delegation led by Turkish Ambassador to Indonesia Aydin Evirgen, the President expressed support for the formation of the infrastructure fund, Chairman of the Investment Coordinating Board (BKPM) Gita Wirjawan who also attended the meeting said.

Gita said the governments of the two countries would only act as underwriters, while the fund would originate from private companies engaged in the construction of infrastructure projects in the two countries.

Turkey was very interested in the prospects for the development of infrastructure facilities in Indonesia which they saw as large-scale economic power, he said.

"The spirit of the infrastructure fund is very positive. The Turkish ambassador here will follow up on (the commitment) by forming joint industrial fund," he said.

Acting presidential spokesman for foreign affairs Teuku Fauziasyah said both nations agreed to provide US$1 million respectively to form the infrastructure fund.

"They are seeking fund, and so are we. But it is not the governments but the private sectors of the two countries which do so," he said.

He said the two countries were expected to realize the commitment in 2011.