Private Sector Compete in Guaranteeing Infrastructure Projects
Monday, 07 May, 2007 | 15:30 WIB

Tempo Interactive, Jakarta: Private sector and international financial institutions have stated their interest in guaranteeing infrastructure projects such as the monorail, toll roads, harbors, airports and electricity generating plants.

“Many are interested,” said Mulia Nasution, Secretary General of the Finance Department, on Friday (4/5), at the Finance Department building, Jakarta.

They, according to Mulia, want to participate in providing funds for guaranteeing projects which later will be combined with the revolving fund prepared by the government.

However, Mulia did not mention the amount of the guarantee funds from the private sector and international institutions that can be gathered.

As regards institutions that directly stated their interest, they include the World Bank, the Asian Development Bank (ADB), banking guarantee institutions and financial institutions for national non-banking funding.

“There has been preliminary dialogue (the government) with them.”

The Transportation Department's budget will also be raised by 49 percent for 2008 and the total of the department's indicative allocation limit plan is Rp15,734.52 trillion.

“The development of transportation infrastructure has had a multiplier effects on the economic sector,” said Hatta Rajasa, Transportation Minister, Friday, during the “National Development Planning 2007 Dialog” at Bidakara Hotel, Jakarta.

Agus Supriyanto | Kurniasih Budi
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