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Indonesia has a $412 billion plan to rebuild the country

Jakarta-Surabaya railway, will we use the CN or JP technology? Which one do you prefer?
CN did out-manouvered JP for the Jakarta-Bandung HSR project.
Gelar tiker sambil nonton dipojokan, siapa yang bisa kasih deal lebih mantap.
 
Jakarta-Surabaya railway, will we use the CN or JP technology? Which one do you prefer?
CN did out-manouvered JP for the Jakarta-Bandung HSR project.
Gelar tiker sambil nonton dipojokan, siapa yang bisa kasih deal lebih mantap.

For commonality of instrument and tools especially communication devices, China is more reasonable as we can just follow on the infrastructure building from Bandung To Cirebon, then Semarang then Surabaya
 
Jakarta-Surabaya railway, will we use the CN or JP technology? Which one do you prefer?
CN did out-manouvered JP for the Jakarta-Bandung HSR project.
Gelar tiker sambil nonton dipojokan, siapa yang bisa kasih deal lebih mantap.

I would prefer we go with the CN HSR for the commonality reasons.

JP has been promised railway expansions and upgrades to semi-HSR of the existing railway networks which is good since our current train fleet and railway networks shares similar gauge size with the Japanese (1067mm)
 
Freeport seeking loan for construction of smelter in Gresik
12th Jun 2019 15:42

IMG_20190506_122840.jpg



Jakarta (ANTARA) - PT Freeport Indonesia confirmed it was deliberating to get a loan to fund the construction of a smelter or purification facility in Gresik, East Java.

PT Freeport Indonesia President Director Tony Wenas stated in Jakarta, Wednesday, that the mining company required US$3 billion for the construction of a smelter.

"It is still under discussion, but many have shown interest. Possibly, 15 foreign and national banks are interested," Wenas explained.

Though not explicitly divulging details on the part of the loan to be sought, Tony is optimistic that the loan will be liquid this year. The company is eyeing to start the construction of copper concentrate smelters in early 2020.

"We are in talks with the bank. We are in discussion about the form (loan) and amount. The details are yet under discussion," Wenas revealed.

Wenas expounded that presently, land preparation for the construction of smelters is ongoing.

Currently, his side is installing prefabricated vertical drain to compact the soil on the land to be used.

"Hence, it is not reclamation, but it is compacted. It is a large-scale construction, so it must be ensured that the land is really firm," he explained.

The smelter is located at Java Integrated Industrial and Port Estate (JIIPE) in Gresik, East Java Province.

Construction of the smelter is one of the things that the government has pushed for in the divestment agreement in 2018. Freeport has five years to build a smelter since the Production Operation IUPK was issued, which is before 2023. EDITED BY INE



Editor: Fardah Assegaf

COPYRIGHT © ANTARA 2019
 
Indonesia: $70 Billion Toll-Road Plan Including A Bridge to Malaysia
By Editor - Jun 21, 2019

(Bloomberg) – Indonesia President Joko Widodo is planning an unprecedented $70 billion splurge on toll roads to help connect the most strung-out country on the planet.

It’s almost the equivalent of laying bitumen from New York to San Francisco.

By 2024, Indonesia’s fee-charging highways will stretch for 5,400 kilometers (3,355 miles), almost triple the length of the current network, Danang Parikesit, head of the country’s toll-road regulator, said in an interview.

The government wants to make it easier to haul food and fuel across the world’s largest archipelago. But there’s already concern about how 1,000 trillion rupiah ($70 billion) of highways will be funded. Analysts fret that the funding burden will strain Indonesia’s banking system and the balance sheets of local construction companies.

The government can’t foot the whole bill itself and is seeking other sources of capital such as bank loans and private funding, Parikesit said in an interview. “Infrastructure will grow rapidly and faster than before,” he said.

Toll road operator PT Jasa Marga rallied as much as 5.6% in Jakarta to the highest intraday price since April 30. State-owned construction companies also gained. PT Wijaya Karya climbed as much as 2.5%, PT PP 2.7% and Adhi Karya 1.5%.

The roads rollout is central to the government’s ambitious plans for more than $400 billion of building projects to modernize Indonesia under Jokowi, as Widodo is known, when he begins his second term in October.

The extensive sprawl of Indonesia, a nation dispersed across 17,000 islands, is a logistical nightmare and can send the cost of everyday items soaring and hampering development in tough-to-access locations. So the only way to generate faster economic growth is through connectivity, Indonesia Planning Minister Bambang Brodjonegoro said last month.

More than half the new toll roads will be rolled out on Sumatra to connect the two ends of the enormous island. Parikesit, who’s also a professor in civil engineering, said advanced construction techniques will be required in some locations — to hold up a road bridge 100 meters above the ground or to build several kilometers of tunnels.

In addition to the highways, the regulator is also studying the possibility of building a bridge from peninsular Malaysia to Sumatra, and a bridge connecting Singapore to Bintan island, Parikesit said.

The work could boost revenue for state-owned construction companies such as PT Waskita Karya, PT Adhi Karya and PT Wijaya Karya. Lenders such as PT Bank Mandiri, PT Bank Rakyat Indonesia and PT Bank Negara Indonesia might also be asked to help funds the projects.

“Such ambitious projects could boost businesses for construction companies and related stocks, particularly the state-owned ones,” said Jeffrosenberg Tan, head of investment strategy at PT Sinarmas Sekuritas. “However, that might put more pressure on the liquidity of the banking sector.”

https://www.malaysia-today.net/2019...oll-road-plan-including-a-bridge-to-malaysia/

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Indonesia: $70 Billion Toll-Road Plan Including A Bridge to Malaysia
By Editor - Jun 21, 2019

(Bloomberg) – Indonesia President Joko Widodo is planning an unprecedented $70 billion splurge on toll roads to help connect the most strung-out country on the planet.

It’s almost the equivalent of laying bitumen from New York to San Francisco.

By 2024, Indonesia’s fee-charging highways will stretch for 5,400 kilometers (3,355 miles), almost triple the length of the current network, Danang Parikesit, head of the country’s toll-road regulator, said in an interview.

The government wants to make it easier to haul food and fuel across the world’s largest archipelago. But there’s already concern about how 1,000 trillion rupiah ($70 billion) of highways will be funded. Analysts fret that the funding burden will strain Indonesia’s banking system and the balance sheets of local construction companies.

The government can’t foot the whole bill itself and is seeking other sources of capital such as bank loans and private funding, Parikesit said in an interview. “Infrastructure will grow rapidly and faster than before,” he said.

Toll road operator PT Jasa Marga rallied as much as 5.6% in Jakarta to the highest intraday price since April 30. State-owned construction companies also gained. PT Wijaya Karya climbed as much as 2.5%, PT PP 2.7% and Adhi Karya 1.5%.

The roads rollout is central to the government’s ambitious plans for more than $400 billion of building projects to modernize Indonesia under Jokowi, as Widodo is known, when he begins his second term in October.

The extensive sprawl of Indonesia, a nation dispersed across 17,000 islands, is a logistical nightmare and can send the cost of everyday items soaring and hampering development in tough-to-access locations. So the only way to generate faster economic growth is through connectivity, Indonesia Planning Minister Bambang Brodjonegoro said last month.

More than half the new toll roads will be rolled out on Sumatra to connect the two ends of the enormous island. Parikesit, who’s also a professor in civil engineering, said advanced construction techniques will be required in some locations — to hold up a road bridge 100 meters above the ground or to build several kilometers of tunnels.

In addition to the highways, the regulator is also studying the possibility of building a bridge from peninsular Malaysia to Sumatra, and a bridge connecting Singapore to Bintan island, Parikesit said.

The work could boost revenue for state-owned construction companies such as PT Waskita Karya, PT Adhi Karya and PT Wijaya Karya. Lenders such as PT Bank Mandiri, PT Bank Rakyat Indonesia and PT Bank Negara Indonesia might also be asked to help funds the projects.

“Such ambitious projects could boost businesses for construction companies and related stocks, particularly the state-owned ones,” said Jeffrosenberg Tan, head of investment strategy at PT Sinarmas Sekuritas. “However, that might put more pressure on the liquidity of the banking sector.”

https://www.malaysia-today.net/2019...oll-road-plan-including-a-bridge-to-malaysia/

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A bridge to Malaysia, huh?? Then how about we connect Java-Sumatra with the same manner, while we're at it. That way I can finally, seriously consider the roadtrip I always dream about doing.
 
More roads, more dams, more power plants for Indonesia

Jokowi set to continue infrastructure push to drive economy in his second term as president.

The Trans-Java and Trans-Sumatra highways are expected to be completed during the second term of President Joko Widodo, shortening travelling times and opening up new job opportunities on Indonesia's two main islands.

Officials say that the roads are part of the President's buffet of upcoming projects, and just like in his first term, the President will firmly focus on infrastructure works, including more new seaports, airports, dams and power plants to keep the economy humming over the next five years.

The 1,150km Trans-Java toll highway will link Merak in the westernmost part of Java to Probolinggo and Banyuwangi in East Java by next year, said Public Works and Public Housing Minister Basuki Hadimuljono. A typical trip from Merak to Banyuwangi today takes some 20 hours, but it would be cut to around 15 hours with the highway. Around 964km of the Trans-Java highway has been completed as of April, helping Indonesians make smoother journeys as they returned to their hometowns for Hari Raya last week.

With more than half of Indonesia's 260 million people living on Java island, the highway could create opportunities for many rural communities with an expected rise in land values, and encourage the business-minded to open roadside stalls, car repair shops and motels.

In neighbouring Sumatra, the island's first highway linking northern Aceh province and Lampung in the south will be 2,000km long. Some 300km of the Trans-Sumatra highway is ready.

Once completed, a typical trip between the Aceh capital of Banda Aceh and Bakauheni, a beach town in Lampung, will take less than a day, shaving off many hours from the time taken using normal roads.

"The President has given us a target to finish (the Trans-Sumatra toll roads) by 2024," Mr Basuki told The Sunday Times.

In his first five-year term from 2014, Mr Joko, a former furniture exporter, developed 3,432km of roads, 947km of toll roads, 10 new airports and 19 new seaports in South-east Asia's largest economy, according to data from the Office of the Presidential Staff.

Some 4,700 trillion rupiah (S$450 billion) was sunk into these projects, which included the country's first MRT line in Jakarta, and the first LRT line in Palembang, the capital of South Sumatra province.

National development agency chief Bambang Brodjonegoro said in a recent interview with Bloomberg that there is a list of proposed projects worth 5,957 trillion rupiah for the 2020 to 2024 period, to be approved by the President, who will be sworn in for a second term this October.

Mr Basuki said other new toll roads will also be built to support emerging economic centres, such as one from Balikpapan to Bontang towns in East Kalimantan province.

Transportation Minister Budi Karya Sumadi said the high-speed rail line linking Jakarta to neighbouring Bandung is expected to be completed in 2021. "The Jakarta-Bandung railway project is under way. Land acquisition is carried out little by little," he said. The rail line will cut travel time to 40 minutes, from around three hours by road at present. Another rail line project, which seeks to link the capital and Indonesia's second-biggest city of Surabaya, is expected to kick off next year, Mr Budi said.

"The priority is to maximise projects that can drive the regional economy. The question is whether new economic centres or industrial hubs emerge after the infrastructure is set up," said Dr Muhammad Faisal, executive director of Centre of Reform on Economics Indonesia.

"For instance, can toll roads across Surabaya foster industrial estates and tourism in regencies passed by maotorists?"

https://www.straitstimes.com/asia/se-asia/more-roads-more-dams-more-power-plants-for-indonesia

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Yes, it is not the best in the world. Some other country may have more bombastic achievement than this. But, WHO CARE? The point is, these development is our achievement to make a better life to the future!!! And that's, what we care.
 
Bappenas targets investment to grow 8,11 percent
17 minutes ago

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Minister of National Development Planning/Head of the National Development Planning Agency (Bappenas) Bambang Brodjonegoro delivered his keynote speech in the Indonesia Infrastructure Investment Forum (IIIF) 2019 in London on Tuesday (2/7/2019). (ANTARA/Doc. Bappenas)

Jakarta (ANTARA) - Indonesia's National Development Planning Ministry has set the target of investment or Gross Fixed Capital Formation (PMTB) to grow by 6.88 to 8.11 percent during the period of 2020-2024.

"The increase in investment will aim at improving productivity to boost efficiency of the investment," Minister of National Development Planning/Head of the National Development Planning Agency (Bappenas) Bambang Brodjonegoro said in a statement here on Wednesday.

Bambang made his statement during the BBC Hard Talk as part of series of activities of the Indonesia Infrastructure Investment Forum (IIIF) 2019 in London, England on Tuesday (July 2).

The minister elaborated that in a bid to reach the target, foreign as well as domestic private investment would be encouraged through deregulation of investment procedures.

The government has synchronised regulation on licensing, and made all efforts to increase its rank in Easy of Doing Business (EoDB) from 73 in 2019 to 40 in 2024.

The government, including state firms, has also increased its investment especially for infrastructure development, Bambang said.

Related news: Jokowi government's second term to prioritize development programs

The government's shares in infrastructure development has reached 50 percent of gross domestic product (GDP) and capital expenditure to reach 2.3 - 2.8 percent in 2024.

According to the minister, Indonesia would need US$429.7 billion of investment in infrastructure or 6.1 percent of its GDP during 2020-2024, a 20 percent increase compared to US$359.2 billion of investment in the sector during 2015-2019.

Of the total investment, the government and the state-run firms would contribute 11.6-13.8 percent and 7.6-7.9 percent respectively, while the remaining would be sourced from public and private investment.

"The government has encouraged the role of private sector in infrastructure development under the Public Private Partnership (PPP) scheme and Non-Government Budget Investment Financing (PINA)," he remarked.

For investment funding in 2020-2024, he added, the government would also need to explore financial market, especially non-banking sector; increase access to financial services or financial inclusion; and optimize funding alternative.

Related news: Indonesia proposes special fund for investments under BRI

Related news: Investment environment in Indonesia quite good: KIND

Editor: Fardah Assegaf

COPYRIGHT © ANTARA 2019
 
Indonesia plans to start building 7km sea bridge linking Batam and Bintan next year
Thursday, 11/07/2019

JAKARTA (BLOOMBERG) - Indonesia plans to start building its longest sea bridge next year to connect two islands near Singapore and boost growth and trade with the neighboring hub.

The 7km bridge connecting Batam and Bintan will cost as much as 4 trillion rupiah (S$385 million) and construction is set to take three to four years, the country's Cabinet secretariat said in a statement on Thursday (July 11).

President Joko Widodo, who has secured his second term in office, is embarking on a more than US$400 billion (S$542 billion) infrastructure push.

The government wants to reposition Batam as an alternative shipping and manufacturing hub to Singapore with a potential to draw US$60 billion in new investment.

The ministry in charge of public works is preparing a feasibility study and analyzing engineering designs, and is aiming to complete these by year end, according to the statement.

Indonesia is developing the Batam area to attract opportunities potentially arising from trade tensions between the US and China, according to Mr Edy Putra Irawady, head of Batam Development Body.

The bridge would also complement Singapore's effort to boost air-passenger traffic by building a fifth terminal for its Changi Airport.

Indonesia wants the bridge to reduce logistics costs, improve connectivity and boost tourism in the area.

Mr Joko's administration is also reviewing the possibility to connect Peninsular Malaysia with the Indonesian island of Sumatra, head of the country's toll-road regulator, Mr Danang Parikesit, said in an interview last month.

https://www.straitstimes.com/asia/se-asia/indonesia-plans-7km-sea-bridge-near-singapore

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Indonesia plans to start building 7km sea bridge linking Batam and Bintan next year
Thursday, 11/07/2019

JAKARTA (BLOOMBERG) - Indonesia plans to start building its longest sea bridge next year to connect two islands near Singapore and boost growth and trade with the neighboring hub.

The 7km bridge connecting Batam and Bintan will cost as much as 4 trillion rupiah (S$385 million) and construction is set to take three to four years, the country's Cabinet secretariat said in a statement on Thursday (July 11).

President Joko Widodo, who has secured his second term in office, is embarking on a more than US$400 billion (S$542 billion) infrastructure push.

The government wants to reposition Batam as an alternative shipping and manufacturing hub to Singapore with a potential to draw US$60 billion in new investment.

The ministry in charge of public works is preparing a feasibility study and analyzing engineering designs, and is aiming to complete these by year end, according to the statement.

Indonesia is developing the Batam area to attract opportunities potentially arising from trade tensions between the US and China, according to Mr Edy Putra Irawady, head of Batam Development Body.

The bridge would also complement Singapore's effort to boost air-passenger traffic by building a fifth terminal for its Changi Airport.

Indonesia wants the bridge to reduce logistics costs, improve connectivity and boost tourism in the area.

Mr Joko's administration is also reviewing the possibility to connect Peninsular Malaysia with the Indonesian island of Sumatra, head of the country's toll-road regulator, Mr Danang Parikesit, said in an interview last month.

https://www.straitstimes.com/asia/se-asia/indonesia-plans-7km-sea-bridge-near-singapore

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This is a good idea so that Bintan can get industrialized just like Batam.
 
When does Indonesia release its yearly budget so we can track the spending on this plan?
 
When does Indonesia release its yearly budget so we can track the spending on this plan?

Its already been release but in Indonesian, you can also track 2020 spending as well

https://www.kemenkeu.go.id/apbn2019

Government spending on infrastructure in 2019 is 415 trillion Rupiah. There will be other infrastructure spending coming from state owned enterprises and private sectors, but I dont know the number.
 

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