GOVT TO INVITE FOREIGN INVESTORS IN SEVEN PORT PROJECTS

Damas Jati - , 26/09/2017, 14:29

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The government is inviting to invest in Indonesia’s strategic port development projects, including the ports that have been ongoing development and the ones which are still under planning.


Talking to the 4th Asia-Europe Meeting (ASEM) in Denpasar, Bali, September, 26-28, an Asian and European Transport Ministers Meeting, Minister of Transportation Budi Karya Sumadi said and named as many as seven port projects that are open for foreign investment.


The seven ports (terminals) are including Makassar New Port, New Priok Development project Terminal 1 and 2, New Deep Port Kijing Phase I, Port of Sorong, Port of Tanjung Carat, and Port of Tanjung Api-api. 


In addition, Budi also invites foreign investors to take part in other transportation infrastructures including, Inland Waterways Cikarang (CBL), Kualanamu Airport, and Lombok Airport. 


"We want investment to grow with low inflation. The investment projects would be discussed in bilateral meetings," he told reporters. 


He also explained that there are some foreign investors that have been expressed their interest in some Indonesia’s transportation infrastructure projects, including  Dutch and Chinese investors in Kuala Tanjung Port project, European and Chinese investors in Tanjung Priok port expansion project, Japanese investors in Bandung LRT project and the Surabaya Tram project; and South Korean and Indian investors in Kualanamu Airport expansion project . 


He said the projects are estimated to draw up to Rp40 trillion investment, adding the Kuala Tanjung project alone is estimated to cost an investment of Rp5 trillion and the Tanjung Priok project Rp5 trillion. 


Budi said the Capital Investment Coordinating Board (BKPM) was also invited to the forum that it could encourage local investors to take part in the projects.


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