Indonesia Announces Multi-Billion Dollar PPP Infrastructure Investment

The Indonesian government has announced the commencement of seven major infrastructure public-private projects (PPP) worth US$5.4 billion to help the nation attract more fresh private investment in early 2021.

Eko “Heri” Djoeli Heripoerwanto, director-general of infrastructure financing at PUPR said in a press conference that, “In 2021, we will start the procurement process for six roads that span 208.7 km and a drinking water system project. If everything goes smoothly, we could execute the process for all listed projects.”

The Public Works and Housing Ministry predicts that the state funds are estimated to insure at most 30 per cent of the necessary development funding until 2024. These projects are part of 158 infrastructure projects that are still underway.

In spite of the economic downturn from the COVID-19 pandemic, Indonesia’s infrastructure projects are still appealing towards private investors and endure optimism in the long-run.

- Video Advertisement -

Related Post

Major Textile Industrial Park Construction Launched in Kampong Speu

A groundbreaking ceremony was held on Nov 8th, 2024 for a large green textile industrial park spanning 500 hectares in Chheu Neang village, Taing Sya commune, Phnom Sruoch district. The event was attended by HE Heng Sour, Minister of Labor and Vocational Training, HE Dr. Cheam Chansophoan, Governor of Kampong Speu Province, and Mr. John […]

A Famous French jewelry factory officially opened

Metal Jewelry Cambodia has officially launched its factory, which is dedicated to the production and assembly of metal and plastic jewelry. This well-known French brand received its investment permit in June 2023. The inauguration ceremony took place on November 9, 2024, and was presided over by HE Chea Vuthy, the Cambodian Investment Committee Secretary General. […]

Techo Santepheap Ankoul Beach Road in Kep Province Officially Inaugurated

The Techo Santepheap Ankoul Road construction project, costing USD10 million, has been officially inaugurated in Ang Kol, Kep Village, and Angkor Village, located within Ang Koul Commune of Damnak Chang Eur District, Kep Province. Prime Minister Hun Manet led the inauguration ceremony on November 11, 2024. This project is part of a tourism infrastructure initiative […]

Chinese Company Guoxing vows to invest in industrial parks and agriculture in Cambodia

Guoxing Group, based in China, has expressed its commitment to establishing an industrial park in Cambodia and is exploring investment opportunities in agriculture, particularly in the production of natural fertilizers. This announcement came during a meeting between His Excellency Hun Manet, Prime Minister of Cambodia, and Mr. Li Guolian, President of Guoxing Group, on the […]

Sailun Group to Boost Cambodia’s Rubber Processing Industry with Expanded Investment

Chinese tyre manufacturing giant Sailun Group has announced a substantial plan to increase its investment in Cambodia’s rubber processing industry, aiming to expand the output of its Svay Rieng-based tyre factory. This key decision was highlighted during discussions held between Yuan Zhongxue, Honorary Chairman of Sailun Group, and PMHun Manet at the 8th Greater Mekong […]

Chinese Firm Expands Investment with New Cashew Processing Plant in Cambodia

Shandong (Cambodia) Economic and Technological Development Zone, a major Chinese agricultural firm, has announced a substantial capital increase to establish a new cashew processing plant in Cambodia, further advancing its agricultural production footprint in the country. This decision was revealed during a meeting on 6 November 2024 between Cambodian PM HE Hun Manet and Mr. […]