"For project costs that are `non-commercially viable,` such as for building irrigation systems and rural roads, infrastructure in remote areas is certainly the duty of the government, but the private sector has more work for important infrastructure, such as communication or electricity," Kalla noted at the 2018 Global Infrastructure Forum in Nusa Dua, Bali, Saturday (Oct 13).
Hence, the vice president made assurance to private investors attending the forum that the Indonesian government understood the business interests of their investments while urging them to support the combined efforts of the government.
Kalla emphasized that infrastructure is basically required by all nations and not only developing market countries, such as Indonesia, but also developed countries, as each country faces different challenges.
"In archipelagic countries, including Indonesia, sea and air connectivity are important, so transportation must be good if not economically problematic, as we need `logistic costs` that are more expensive than continental countries," he noted.
Hence, the vice president called for multilateral cooperation to address the challenges of the current global infrastructure that includes ways to accelerate development by involving private investors, long-term project financing, effectiveness of government strategies, and technology.
The 2018 Global Infrastructure Forum, attended by various world development banks, investment institutions, and world banking, was one of the sessions of the International Monetary Fund and World Bank Annual Meeting in Nusa Dua, Bali, being held on Oct 8-14.
Reporting by Azizah Fitiyanti
Editing by Eliswan
Reporter: Antara
Editor: Eliswan Azly
Copyright © ANTARA 2018
