Jakarta (VNA) - The Indonesian Government has called on investors to cooperate with 21 state-owned companies to develop some 80 projects worth 42 billion USD in the country.

"I assure that cooperation with state-owned companies is a proper approach to invest in Indonesia and there is no other right moment than now," State Enterprises Minister Rini Soemarno said at the Indonesia Investment Forum 2018 in Bali on October 9.

The Indonesian Government will continue to develop infrastructure projects in the spheres of energy, land transportation, sea transportation and air transportation, she said.

In addition, the development of the energy sector is targeting the electrification ratio of 99.9 percent by the end of 2019 and increasing the proportion of renewable energy in the fuel mix, Rini said.

In the transportation sector, the Indonesian Government has set itself the target of constructing 1,794-kilometer toll roads, increasing the cargo capacity of sea toll roads to 34.8 million TEUs (twenty-foot equivalent units), and developing airports to serve some 235 million passengers by the end of 2019, the minister said.

To achieve the target of developing the infrastructure projects, Indonesia needs to combine funding sources since the capability of the state-owned companies to seek loans for expansion projects is limited, Rini said.

Therefore, a more innovative financing structure is needed to complement conventional financing sources, such as banking loans and bonds, she said, adding that government will also launch an infrastructure investment fund product in the form of collective investment contract.

Indonesia is a developing nation, which has positive economic outlook thanks to the rapidly growing middle-income class. The country expects that it will be an attractive factor for investors to invest in Indonesia.-VNA