Indonesia needs private sector for infrastructure development
Indonesian Predident Susilo Bambang Yudhoyono has renewed his country’s call for more private sector involvement in infrastructure development, promising more favorable conditions for investment and cooperation.
He made the statements at the Asia-Pacific Ministerial Conference on Public-Private Partnership on Infrastructure Development in Jakarta.
Indonesia is on a mission to improve its roads, ports, airports and power generating capacity over the next five years. The World Bank estimates this would require around US$50 billion, or 10% of Indonesia’s GDP. Under current circumstances, the government is only able to devote 4% of GDP to such projects.
source & article: ChannelNewsAsia.com
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