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Public-Private Partnership Program in Indonesia for Foreign Investors
08/05/2010
Indonesia – the rise of investments has further increase through the restructuring of the country's PPP (Public Private Partnership) Program according to Indonesia's Coordinating Economic Minister Hatta Rajasa. He also said that the growth in new found investments in the span of months has reach at least 40 percent, this is from a year to year basis, compared to only 25 percent of the previous months.
The gross investment capital which is rounded off from government, private and foreign sector's investments as per records, has reached around Rp 468.4 trillion (US$51.99 billion) in the first quarter.
Indonesia has a lot of great places to consider, adding it up to their most sought after business and tourism capital based in Bali Island. Bali Island itself has a lot of things to offer for foreign investors and even the private sectors, where government wants to promote and give more importance to the Public and as well as the private partnerships for the installation of the investments. Other than this, there are several great places in Indonesia that is good for investing purposes, like Jakarta, Lombok and Pendang.
With this, The National Development Planning Agency (Bappenas) will have to house every investments projects and will be discussed here on. Everything, including related ministries and institutions before it will be forwarded to BKPM or Investment Coordinating Board. All potential projects will be handled by the coordinating groups of BKPM and other government institutions.
"We will track potential projects that can be offered to both domestic and overseas investors. They may need to visit the BKPM to process investment licenses. It will accelerate our investment growth," says the National Development Planning Minister and Bappenas head Armida S. Alisjahbana told journalists, adding that a memorandum of understanding (MoU) would be soon signed by her ministry and the BKPM.
Working together with BKPM head Gita Wirjawan, things will be ready in a short time as soon as the files and documents of the projects are signed. Right now, there are already four infrastructure projects under the PPP and are ready to be offered for the foreign investors this year, including garbage-based power plant (PLTS) in Gede Bage, Bandung; tap water plants in Klungkung, Bali, and Maros, South Sulawesi, and the renovation of Malioboro railway station in Yogyakarta, to name a few.
Source: http://www.thejakartapost.com/news/2010/07/27/govt-mend-publicprivate-partnership-program.html
