Indonesia is taking the opportu-nity to offer foreign governments investment opportunities in trans-portation-related infrastructure projects across Indonesia during the Asia-Europe Meeting (ASEM) Transport Ministers Meeting.
Held in Bali from Tuesday un-til Thursday, top officials from at least 39 countries will be offered infrastructure projects worth Rp 30 trillion (USS2.2 billion) to Rp 40 trillion.
“I will take the initiative to turn this event into a business meeting as well. […] We have identified major projects where we will in-vite private sector participation, and there may even be new proj-ect proposals,” Transportation Minister Budi Karya Sumadi said on Monday.
Among the 10 big infrastructure projects on offer are the con-struction of the New Priok Port Development Product Terminal in North Jakarta, deep sea port development in Kijing in West Kalimantan, Sorong port development in Papua and Kuala Tanjung port in North Sumatra.
Expansion of Lombok International Airport in West Nusa Tenggara and an upgrade to Kual-anamu International Airport in North Sumatra are also included on the list.
For railway projects, the gov-ernment will propose a light rail transit (LRT) project in Bandung, West Java,a city tram project in Surabaya, East Java, as well as the Makassar to Parepare network in South Sulawesi.
Budi said that he would propose certain projects for specific countries..
“[For example] I think Kuala Tanjung port will be offered to China and the Netherlands, while the Makassar-Parepare railway will be offered to South Korea, and the LRT to Japanhe said.
Budi said the ministry would also take state-owned enterprises such as state port operator PT Pelindo II, state airport operator PT Angkasa Pura I and PT Angkasa Pura II and state railway operator PT Kereta Api Indonesia (KAI) to discuss projects with foreign officials.
The enterprises will be accom-panied by state financing and se-curities companies such PT Sarana Multi Infrastruktur (SMI), Bahana Sekuritas, Danareksa Sekuritas and Mandiri Sekuritas.
“This is the first time we can re-ally gather state enterprises, governments and finance companies. This way, any financial and regu-latory matters regarding the project can be solved in one meeting,” Budi added.
He said the government would ensure ease of investment, reiterat-ing the commitment to revise min-isterial regulations if necessary.
Despite making the effort to at- . tract foreign financing, the government has few success stories when it comes to infrastructure development with foreign enti-ties.
The Jakarta MRT system and the New Priok Port are the only noted projects that have taken off, with others having run aground due primarily to problems in land acquisition.