Govt selects 10 projects to serve as pilots
Tuesday, October 31st, 2006
Urip Hudiono, The Jakarta Post
The upcoming three-day “Indonesia Infrastructure Conference and Exhibition 2006” will not only showcase major investment opportunities, but also the government’s progress in improving the country’s investment climate.
At least 10 infrastructure projects, involving the construction of power plants, toll roads, seaports, municipal water systems and telecommunications facilities worth an estimated US$4.5 billion, will be put up for grabs during the event, which starts Wednesday and will be opened by President Susilo Bambang Yudhoyono.
On top of that, Public Works Minister Djoko Kirmanto also plans to present another 20 projects worth Rp 30 trillion ($3.2 billion), during the event’s first day of meetings with investors, said Suyono Dikun, the deputy for infrastructure to the coordinating minister for the economy, on Monday.
Meanwhile, Transportation Minister Hatta Radjasa may offer another 17 projects, while further projects will be put on the table by Communications and Information Minister Sofyan A. Djalil.
On the second day, Energy and Mineral Resources Purnomo Yusgiantoro will outline four power plant projects.
Coordinating Minister for the Economy Boediono, Finance Minister Sri Mulyani Indrawati and State Minister for State Enterprises Sugiharto are each scheduled to present updates on what the government has done to improve the investment climate.
The conference follows on from last year’s “Infrastructure Summit 2005”. It was originally scheduled to be held last November, but was then rescheduled to February and later to November due to the then unfavorable economic situation in the wake of last year’s fuel price hikes.