Jokowi urges SOEs calculate infrastructure construction tasks

Jokowi urges SOEs calculate infrastructure construction tasks

President Jokowi

Jakarta (ANTARA) - Indonesian President Joko Widodo (Jokowi) has urged state-owned enterprises (BUMN) engaged in infrastructure construction to meticulously calculate all tasks handed by the government to them.

The head of state additionally reminded SOEs to not solely be project-oriented and merely compete for tasks without any clear-cut calculations.

"I can give a task to build a toll road, but it must be calculated," Jokowi remarked while giving directives to president directors of SOEs in West Manggarai, East Nusa Tenggara, on Thursday (Oct 14), as broadcast on the Presidential Secretariat YouTube channel here on Saturday.

The head of state urged state-owned infrastructure firms to gauge the level of investment efficiency or internal rate of return (IRR) to decipher the required State Budget (APBN) to be allocated.

"Do not compete to get a task without calculation. Owing to the tasks, you then take a short-term loan. Since the infrastructure is for the long term, it does not match. It is your job to do the calculations if there is a task (to build the infrastructure project)," the head of state noted.

Jokowi emphasized that if the calculation indicates no logic in the investment, then the logic should be found but through calculation.

"Abandon old culture since once again for business transformation, technology adaptation has become a must and is inevitable," he noted.

The head of state also reminded other SOEs, such as those engaged in the fields of food, health, and energy, to compute every task given by the government to them. (INE)