Thu, 19 May 2011

Jakarta (ANTARA News) - South Korea has an interest to participate in infrastructure development in Indonesia, including the construction of Sunda Strait bridge.

"South Korea is interested in a number of infrastructure projects in Indonesia, including Sunda Strait bridge development," Coordinating Minister for Economy Hatta Rajasa said after a coordination meeting to discuss traffic congestion problem in several Indonesian major cities here on Thursday.

Hatta said South Korean interest in infrastructure projects in Indonesia was discussed at his meeting with the country`s Economic Minister Choi Joong Kyung in Bali on Wednesday.

"At the meeting, South Korean economic minister expressed his country`s support to the implementation of the Indonesian Economic Development Acceleration Master Plan (MP3EI)," Hatta said.

According to him, Choi Joong Kyung was specifically sent by South Korean president to Indonesia to discuss what projects to be undertaken.

"Specifically the country conveyed its interest to participate in the development of Sunda Strait bridge, and the country wanted it to be considered," Hatta said.

He added that South Korea was probably interested not only to be the contractor of Sunda Strait bridge project but also the other ones.

"But we have yet to come to term, just the interest to participate in the projects," Hatta said, adding that the value of investment in the projects reached around US$20 billion.

It is mainly in six region-based corridors, namely Sumatra and northern part of West Java, eastern part of Java norther coast, Kalimantan, Sulawesi, Papua, eastern part of Java plus Bali with Nusa Tenggara.

Some South Korean companies that have expressed commitment to investing in Indonesia are among others Hankook in tire industry with an investment of US$1.2 billion, Lotte in petrochemical project with US$5 billion, LG and Samsung with investment of US$1 billion.