From the Project Based Sukuk (PBS) series 2016, road and bridge development projects of the Ministry of Public Works and Housing will receive Rp7.2 trillion, the deputy for development funding of the National Development Planning Agency, Wismana Adi Suryabrata, revealed here on Thursday.
"The value of sukuk next year will be almost double than that of 2015," he said.
The project-based sukuk has been factored in the 2015 budget, which was still being discussed in the parliament, he added.
He said in 2015, the project-based sukuk offered to investors by the government reached Rp7.1 trillion and withdrawal of funds next year through sukuk will still be prospective.
He said several investors, especially from the Middle East, have already expressed an interest in it.
For example, Noor Bank from the Uni Arab Emirates stated at the end of August 2015 that it would buy more than US$500 million worth of sukuk issued by the Indonesian government.
Based on the data of the National Development Planning Agency, of the total value of Rp13.7 trillion of sukuk, Rp7.2 trillion worth of these bonds will be used to fund road and bridge development projects of the Ministry of Public Works and Housing, Rp5.0 trillion for the railway project of the Ministry of Transportation and Rp1.5 trillion for development of religious means and facilities of the Ministry of Religious Affairs.
He said the biggest allocation of the funds would be for road and bridge development projects in East Kalimantan, reaching Rp860.3 billion, while Papua will get Rp670.5 billion.
The fund for the elevated railway project in Medan, Sumatra will be to the tune of Rp1.43 trillion, he said.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2015
