Indonesia`s Bakrie to invest US$11.1 bln on major infrastructure projects

Jakarta (Antara News/Asia Pulse) - PT Bakrie & Brothers (B&B)(JSX:BNBR) said it will invest Rp100 trillion (US$11.1 billion) up to 2011 in major projects including oil and gas pipeline, power generating, toll road and telecommunication projects.

A blueprint has been drafted that will bring the company, which is owned by Coordinating Minister for the Public Welfare Aburizal Bakrie, to the ranks of global players, its President Bobby Gafur Umar said.

Land clearing is now in progress for the East Kalimantan-Central Java gas pipeline project. Another big project is the US$1.4 billion Tanjung Jati A coal fired power plant in Central Java with a capacity of 1,320 megawatts to be built in cooperation with International Power from Britain and Toyota Tsusho of Japan.
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