Jakarta (VNA) - The Indonesian Government has calledon investors to cooperate with 21 state-owned companies to develop some 80projects worth 42 billion USD in the country.
"I assure that cooperation with state-owned companies isa proper approach to invest in Indonesia and there is no other right momentthan now," State Enterprises Minister Rini Soemarno said at the IndonesiaInvestment Forum 2018 in Bali on October 9.
The Indonesian Government will continue todevelop infrastructure projects in the spheres of energy, land transportation,sea transportation and air transportation, she said.
In addition, the development of the energy sector istargeting the electrification ratio of 99.9 percent by the end of 2019 andincreasing the proportion of renewable energy in the fuel mix, Rini said.
In the transportation sector, the Indonesian Government hasset itself the target of constructing 1,794-kilometer toll roads, increasingthe cargo capacity of sea toll roads to 34.8 million TEUs (twenty-footequivalent units), and developing airports to serve some 235 million passengersby the end of 2019, the minister said.
To achieve the target of developing theinfrastructure projects, Indonesia needs to combine funding sources since thecapability of the state-owned companies to seek loans for expansion projects islimited, Rini said.
Therefore, a more innovative financing structureis needed to complement conventional financing sources, such as banking loansand bonds, she said, adding that government will also launch an infrastructureinvestment fund product in the form of collective investment contract.
Indonesia is a developing nation, which has positive economicoutlook thanks to the rapidly growing middle-income class. The country expectsthat it will be an attractive factor for investors to invest in Indonesia.-VNA
"I assure that cooperation with state-owned companies isa proper approach to invest in Indonesia and there is no other right momentthan now," State Enterprises Minister Rini Soemarno said at the IndonesiaInvestment Forum 2018 in Bali on October 9.
The Indonesian Government will continue todevelop infrastructure projects in the spheres of energy, land transportation,sea transportation and air transportation, she said.
In addition, the development of the energy sector istargeting the electrification ratio of 99.9 percent by the end of 2019 andincreasing the proportion of renewable energy in the fuel mix, Rini said.
In the transportation sector, the Indonesian Government hasset itself the target of constructing 1,794-kilometer toll roads, increasingthe cargo capacity of sea toll roads to 34.8 million TEUs (twenty-footequivalent units), and developing airports to serve some 235 million passengersby the end of 2019, the minister said.
To achieve the target of developing theinfrastructure projects, Indonesia needs to combine funding sources since thecapability of the state-owned companies to seek loans for expansion projects islimited, Rini said.
Therefore, a more innovative financing structureis needed to complement conventional financing sources, such as banking loansand bonds, she said, adding that government will also launch an infrastructureinvestment fund product in the form of collective investment contract.
Indonesia is a developing nation, which has positive economicoutlook thanks to the rapidly growing middle-income class. The country expectsthat it will be an attractive factor for investors to invest in Indonesia.-VNA
VNA
