In our GDP (gross domestic product) the percentage of infrastructures in the early days after the (financial) crisis dropped so it posed an obstacle to our development
Jakarta (ANTARA) - The current investment in 223 strategic national projects has reached Rp4.183 trillion as per the medium-term national development plan 2015-2019, Coordinating Minister for Economic Affairs Darmin Nasution has said. The government has designated 37 of the 223 national strategic projects as priority projects with a total investment of Rp2.500 trillion, he said in Jakarta Wednesday.

The Committee for the Accelerated Procurement of Priority Infrastructures (KPPIP) will supervise the implementation of the priority projects, he said.

"In our GDP (gross domestic product) the percentage of infrastructures in the early days after the (financial) crisis dropped, so it posed an obstacle towards our development," he said.

To encourage infrastructure development, the government needs financial support from various parties particularly the private sector so it plans to issue several policies covering the fiscal, institutional and regulation aspects, he said.

"Of course, (the financial source of) small infrastructures on a regional scale will be the state budget. However, (the financial source of) strategic infrastructures will mostly come from private companies, state-owned companies and the state budget," he said.

In the fiscal aspect, the government has developed various financing and insurance facilities including viability gap fund (VGF), availability payment, and tax incentives to attract investors for non-financial projects.

Translator: Astrid Faidlatul Habibah/Suhar
Editor: Rahmad Nasution
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