The Transportation Ministry of Indonesia hopes to attract up to IDR 40 trillion (approx. USD $3 billion) in investment commitments from (foreign) investors during the fourth Asia-Europe Transport Ministers Meeting, held on Bali between 26-28 September 2017. These investments are needed to finance 12 infrastructure projects in Indonesia that are on offer.
Indonesian Transportation Minister Budi Karya Sumadi said his side will meet with several delegations on the sidelines of the event, including delegations from the United Kingdom, Russia, Luxembourg, Latvia, Poland, Hungary, Japan, India, Singapore, Malaysia, China and the Philippines. Sumadi is optimistic that current stable economic conditions in Indonesia will make investment attractive for foreigners.
Sumadi said he already detected interest from Chinese and Dutch investors for the development of the Kuala Tanjung port (Sumatra) as well as interest from the United Arab Emirates for the Makassar New Port (Sulawesi). Both projects are among the 12 offered to investors.
Representatives of 39 countries and two organizations attend the fourth Asia-Europe Transport Minister Meeting this week. The main issues that are discussed include the improvement of connectivity and transportation infrastructure.
12 Infrastructure Projects on Offer:
(in IDR trillion)
|Kuala Tanjung Port||30|
|Cikarang Bekasi Sea Canal||3.4|
|Makassar New Port||1.9|
|Sorong Seget Port||2.4|
|Light Rail Transit Bandung||1.3|
|Makassar-Pare Pare Train||8.3|
|Kuala Namu Airport||20|
|Jakarta-Surabaya Semi-Speed Train||n.a.|
Source: Ministry of Transportation