20-24 March, 2019

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Indonesia Convention Exhibition (ICE)
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News

24 February 2016

2016 Indonesia Infrastructure Budget


Indonesia’s Minister of Finance, Mr. Bambang Brodjonegoro proposed to reserve infrastructure budget worth more than USD 22.9 billion during the period of 2016-2017. This project was aimed for accelerating public facility construction to further support the economic growth. This proposal was brought to Asian Infrastructure Investment Bank.

According to the Mr. Bambang, this funding will complete the other infrastructure funding sources, for instances; funding from the World Bank, Asian Development Bank (ADB), and France Development Bank (Agence Francaise de Developement). According to his proposal, other potential funding sources are from German Development Bank (Kreditanstalt fur Wiederaufbau) and Japan. All these funding sources will be collected to complete the financing for government’s budget.

This matter is in line with the program which was planned by Ministry of Development Planning. The Minister of Development Planning/ Chief of National Development Planning Agency – Mr. Sofyan Djalil stated, Government will not hesitate to add more foreign debts for USD 150 Million approximately.
Mr. Sofyan explained further, these foreign debts come from multilateral scheme and the fund will be used later in future to prepare for the upcoming projects.


Presidential Decree

President of Indonesia, Mr. Joko Widodo along with Ministry of Public Work and Housing - Mr. Basuki Hadimuljono stated, the government has decided to run 225 infrastructure projects as a strategic project that will be fortified by laws. These strategic infrastructure projects have been established in presidential decree No.3 year 2016 regarding the Acceleration of the National Strategic Projects.

In the stated regulation, the national strategic project will include 47 toll and 5 non-toll road projects, 12 intercity and 7 urban railroad development, 11 airport revitalization projects, 4 new airports construction – together with the development of 2 strategic airports, construction of 13 ports, and lastly for the development of one million homes program.
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