Indonesia’s Finance Minister, Agus D.W. Martowardoyo, said that government is ready to guarantee the execution of some feasible infrastructure projects under public-private partnership in order to accelerate infrastructure development in Indonesia.
Meanwhile, as he continued, private institution will have opportunities to execute some unfeasible projects.
The assurances include the simplification of procedures on project proposal, loans for land acquisition process through PT Pusat Investasi Pemerintah (PIP), and the project financing through PT Sarana Multi Infrastruktur (SMI).
These government's facilities are expected to complete the need for infrastructure in Indonesia. Today the available infrastructure is very limited, particularly those related to housing, electricity and clean water.
The government also expects the infrastructure projects to be more centralized and better organized following the signing of memorandum of understanding (MOU) by Finance Minister, Indonesia Investment Coordinating Board (BKPM) and National Development Planning Agency (Bappenas). The MoU signing hopefully will ease future investors while proposing their projects or actively involving in feasible projects. The three government agencies will play certain roles in the infrastructure acceleration management, which has never been regulated before.
Infrastructure Project Acceleration Committee (KKPPI) will also facilitate the infrastructure acceleration. (T02/NOM)
http://www.bisnis.com/en/economy/1id201498.html
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