JAKARTA: Indonesia is drafting ambitious plans for more than US$400bil (RM1.6 trillion) in building projects, from constructing 25 airports to developing new power plants, as the government seeks to stoke growth in South-East Asia’s largest economy, according to the country’s planning minister.
The sweeping proposal calls for a record 5,957 trillion rupiah in investments from 2020 to 2024, Minister Bambang Brodjonegoro said in an interview this week. As much as 40% of the total will be funded directly by the government, 25% through state-owned enterprises and the rest through the private sector, he said.
Such spending would build on President Joko Widodo’s strategy of using infrastructure as a key plank to boost economic growth and spread wealth beyond the main island-powerhouse of Java, where the capital is located.
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