Indonesia needs to invest 460 bln USD in infrastructure till 2024
Indonesian Finance Ministry’s Fiscal Policy Agency (BKF) has said the country needs over 6.44 quadrillion IDR (460 billion USD) for infrastructure construction between now and 2024.
Illustrative image (Photo: Internet) Jakarta (VNA) – Indonesian Finance Ministry’s
Fiscal Policy Agency (BKF) has said the country needs over 6.44 quadrillion IDR
(460 billion USD) for infrastructure construction between now and 2024.
Head of the BKF Febrio Kacaribu said some basic infrastructure facilities need to be built, including clean water supplies, household electricity, housing, toll-free roads, medical and education establishments, apart from infrastructure related to energy, toll roads, ports, railway terminals, airports, information technology and communications.
However, the Government estimated that it could meet about 37 percent of needed capital so that it needs the involvement of the private sector with 42 percent and the remainder from State-owned enterprises.
Kacaribu said the Government is building a list of national strategic projects, including 38 ones worth 644 trillion IDR this year. Most of them will be carried out in public-private partnership model.
The private sector will invest half of the total value of national strategic projects in infrastructure.
To attract more capital, further attention will be paid to financial reform./.
You should also see
Vietnam attends international security meeting in Russia
A Vietnamese delegation led by Minister of Public Security General To Lam is attending the 12th International Meeting of High Representatives for Security Issues in Russia’s St. Petersburg city from April 23-25.
See more
World
Argentinian media praises Dien Bien Phu Victory
Argentinian newspapers have called Vietnam's Dien Bien Phu Victory (May 7, 1954) a symbol of the national liberation movement of oppressed and colonialised peoples worldwide.
World
Laos speeds up granting licences to foreign workers
Laos's Ministry of Labour and Social Welfare plans to issue visas to illegal foreign workers and extend permits to legal ones so that they can continue to work in the country.
World
Argentinian scholar praises Vietnam’s April 30, 1975 victory
The complete reunification of Vietnam on April 30, 1975 was an extremely significant event in the history of the country and the world, opined a scholar from the Institute for International Relations at the National University of La Plata, Argentina.
World
Malaysia tackles food security challenges
Empowering local communities in the agriculture sector to attract young people to this field is one of the measures taken by Malaysia to address labour shortage while also contributing to tackling challenges in food security.
World
Danger warning issued for Thailand’s Bangkok as extreme heat bites
Thai authorities on April 24 issued an extreme heat warning for Bangkok, urging people to stay indoors for their safety as temperatures soared.
