IMF-WB - Indonesia Pavilion offers $42.2 billion investment opportunities

IMF-WB - Indonesia Pavilion offers $42.2 billion investment opportunities

Some delegates visit Indonesia Pavilion held in the main area of International Monetary Fund- World Bank Group annual meetings 2018 in Nusa Dua, Bali, on Thursday (Oct 11, 2018). The expo displays Indonesian achievements in the economic, industrial, tourism and infrastructure sectors (ANTARA FOTO/ICom/Am IMF-WBG/Zabur Karuru/kye)

Jakarta,  (ANTARA News) - Indonesia Pavilion offers US$42.2 billion investment opportunities to investors taking part in the International Monetary Fund-World Bank Group annual meetings in Nusa Dua, Bali, on Oct 8-14, the State Enterprises Ministry said.

The investment opportunities come from 80 ongoing projects which are projected to cost US$86.1 billion, Deputy for Restructuring and Business Development at the State Enterprises Ministry Aloysius K. Ro said in a written statement released on Friday.

Infrastructure is one of the sectors that offers investment opportunities, he said.

Data from the ministry show investment opportunities in the 30 ongoing projects in the construction and infrastructure sector will reach US$16.2 billion, while investment opportunities in the manufacturing sector will reach US$600 million.

He said the government is focusing on five sectors in developing infrastructure in the country. They are electrification, road connectivity, sea connectivity, airport connectivity and digital broadband connectivity.

"We will ensure that basic infrastructure projects including toll roads, seaports, airports and telecommunication will be realized consistently. We will always encourage the improvement of infrastructures," he said.

The investment is needed to achieve the electrification ratio of 99.9 percent, build 1,794 km toll roads, increase the cargo capacity of seaports by 34.9 million tons and raise the capacity of airports to serve 235 million passengers at the end of 2019.

To ensure that the projects will run smoothly, Aloysius said the ministry has committed itself to encourage state-owned enterprises to increase their funding capacity through the money market and partnership with the private sector.

Through the strategic partnership between state-owned enterprises and the private sector there will be expertise sharing to build infrastructures according to global standards, he said.

Reporting by Mentari Dwi Gayati
Editing by Suharto, Yoseph Haryadi