Indonesia to invest 5.3 billion USD in toll road projects

The Indonesian government will offer six toll road projects with a combined value of 80.5 trillion Rp (5.3 billion USD) to investors this year, with an aim to recover the economy after the COVID-19 pandemic, according to the Jakarta Post.

Monday, May 04, 2020 18:38

Indonesia to invest 5.3 billion USD in toll road projects ảnh 1

Public Works and Public Housing Minister Basuki Hadimuljono said the ministry was offering several toll road projects as a public private partnership. (Photo: thejakartapost.com)

Jakarta (VNA) - TheIndonesian government will offer six toll road projects with a combined valueof 80.5 trillion Rp (5.3 billion USD) to investors this year, with an aim torecover the economy after the COVID-19 pandemic, according to the Jakarta Post.

The projects consist offive private toll road projects and an 8.7 trillion Rp government project for highwaybridges connecting Batam Island with the nearby islands of Tanjung Sauh, Buauand Bintan in Riau Islands province.

The Public Works and Housing Ministry is offering the investmentprojects in the form of public private partnership (PPP), according to MinisterBasuki Hadimulyono.

“All projects have great economic and financial value such as thePatimban toll road access, which I think will be highly profitable becausePatimban will have a container port for exporting vehicles,” Basuki said onApril 30 during the online market sounding for the projects.

Basuki was referring tothe Japan-funded deep sea port in Patimban, West Java, one of the government’snational strategic projects. The Patimban Deep Seaport is to be Indonesia’sexport hub.

One of the private projects – or unsolicited proposals (USPs) – is the 32.4-kmSemanan-Balaraja toll road connecting Jakarta and Tangerang, which needs anestimated 15.5 trillion Rp in investment.

Other projects include the Cikunir-Ulujami elevated toll road valued at 21.5trillion Rp, to be constructed above the Jakarta Outer Ring Road (JORR), andthe 61.5km South Sentul-West Karawang toll road project valued at 15.3 trillionRp.

In Central Java, privatecompanies will be invited to bid on the 11.7 trillion Rp Patimban toll roadaccess project and the 8.7 trillion Rp Semarang Port toll road project toconnect the provincial capital with the seaport.

Basuki said that theministry was pushing forward with its infrastructure projects so that thegovernment would be better prepared for the post-pandemic economic rebound.

The documents for thesix new infrastructure projects are being finalised for auctioning in the thirdand fourth quarters of 2020, according to the ministry.

PPP and financial engineering deputy director Novie Andriani of the NationalDevelopment Planning Board (Bappenas) said on the same occasion that theprojects are part of the government’s plan to build 2,000 km of toll roadsunder the 2020-2024 National Medium-Term Development Plan (RPJMN).

Toll roads are among the41 priority projects in the 2020-2024 RPJMN, and have a combined estimatedvalue of 7.4 quadrillion Rp.

The 2020-2024 RPJMN is expected to help transformthe economy toward President Joko Widodo’s goal for Indonesia to become one ofthe top five economies in the world by 2045 and achieve a poverty rate ofalmost zero percent./.

VNA

#Indonesian government #road projects #Jakarta Post #Tanjung Sauh #Buau #Patimban toll road access #Vietnam #VietnamPlus #Vietnam news Indonesia

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