Govt showcases US$90 billion worth of projects at investment forum in London
4 July 2019
The Jakarta Post - The government has showcased Indonesia’s numerous
infrastructure projects to foreign investors during an investment forum in
London that was met with enthusiasm from investors. National Planning Development Minister Bambang
Brodjonegoro, Bank Indonesia (BI) Governor Perry Warjiyo and Investment
Coordinating Board (BKPM) chairman Thomas Lembong showcased the opportunities
during the Indonesia Infrastructure Investment Forum (IIIF) 2019 in London.
Speaking to reporters via conference call from London
on Wednesday, Bambang said there was increasing interest from British investors
to invest in Indonesia, particularly driven by the country’s need to diversify
investment in anticipation of the UK’s exit from the European Union.
“Investors [in the UK] are becoming more
interested in [investment] prospects in Indonesia,” said Bambang, while adding
that the recent confirmation by the Constitutional Court on the presidential
election winner, President Joko “Jokowi” Widodo and his running mate Ma’ruf
Amin, also added a sense of certainty and optimism.
In the forum, the government offered 83 projects
worth US$40 billion under public-private partnership (PPP) schemes, while 30
projects were offered under nonstate budget infrastructure funding (PINA)
schemes worth US$50 billion.
The National Development Planning Agency
(Bappenas) estimated that the country needs investment in infrastructure of
US$429.7 billion, or equal to 6.1 percent of gross domestic product (GDP),
between 2020 and 2024.
The private sector was expected to provide the
lion’s share of infrastructure financing while the government and
state-owned enterprises (SOEs) are expected to contribute between 19.2 percent
and 21.7 percent respectively. (bbn)
Marchio Irfan Gorbiano / The Jakarta Post