Jakarta (ANTARA News) - The National Development Planning Board (Bappenas) has approved 590 of 1,100 infrastructure projects proposed to be included in the Master Plan for Acceleration and Expansion of Indonesian Economic Development (MP3EI).

Deputy chief of Bappenas Lukita Dinarsyah Tuwo said the 509 projects are additional connectivity projects proposed until July 2013.

Lukita said the 590 projects, valued at Rp1,700 trillion, were proposed by various agencies such as the ministry of state enterprises, in various economic corridors.

"There are many proposals. They are encouraged by the MP3EI, but we have to select which of the projects give greater contribution to the country`s economic development," he said.

He said the projects will no longer need to go through analysis of environmental impact as they are included in Special Economic Zone (KEK) or strategic area of companies.

Meanwhile chief economics minister Hatta Rajasa said there are 985 projects in MP3EI valued at Rp2,304 trillion already validated including 583 projects valued at Rp2,177 trillion in the real sector.

Hatta also said that realization of investment projects included in MP3EI reached Rp647.46 trillion in value since from 2011 to July 2013.

(SYS/H-ASG/A014)

Editor: Suryanto
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