JAKARTA (TheInsiderStories)–Indonesia’s Investment Coordinating Board offered US$13.1 billion with a public-private partnership scheme to China.
Investment Coordinating Board‘s Deputy for Investment Planning Tamba P. Hutapea said on Friday (10/9) in a press release that the offered projects include Hang Nadim Airport, several power plant projects with a total capacity of 1,885 Megawatt, several toll road projects, LRT projects in Batam, tourism infrastructure project in Lake Toba, and Labuan Bajo airport expansion project.
In addition, investment opportunities in the Java Integrated Industrial and Ports Estate (JIIPE) in Gresik, East Java, CFLD Industrial Park in Tangerang, Banten and Cikarang, West Java, as well as a number of special economic zones (KEK).
Hutapea said the Investment Coordinating Board offered those project in market soundings in Shanghai on August 3, 2018, and in Beijing on August 8, 2018. According to him, the investment board targets Chinese’s investors because they show high interest in Indonesia’s infrastructure projects. Most of the interested investors are global companies that expand business in many countries with high technologies and financial capabilities.
The Indonesian Ambassador to China Djauhari Oratmangun stated that Indonesia has a high investment grade that world rating agencies consider this country as a safe place to invest and has a large market potential.
“Chinese investors can take advantage of investment opportunities in the government-led infrastructure projects,” he added.
The two market soundings were attended by Citic Pacific Energy, Shanghai Electric Group Company Limited, CFLD International Industry Service Center, China Airport Construction Group, Shanghai Tunnel Engineering, China Energy Engineering Group, Anhui Electric Power Design Institute Co. Ltd, China Life Insurance Company, CIMB Bank Shanghai, Zhejiang Dahua Technology Co. Ltd, PowerChina International Group, Standard Chartered Bank, Shuangdeng Group Co. Ltd. China Machinery Engineering Corporation, TBEA, CIMB Shanghai, Beijing Urban Construction Group, China Geo-engineering Corporation, China National Electric Engineering Co., and Sunburst Energy Development.
Hutapea said the above companies have expressed interest in participating project offered, especially the power plants, LRT, and industrial area projects. In fact, some of them are considering conducting an assessment to Indonesia in the near future to get more detailed information regarding the projects.
China ranked the third-largest foreign investment in Indonesia at US$3.36 billion in 2017, significantly rise from US$2.66 billion in the previous year. The Chinese investment in the first quarter of this year reached US$676.2 million, a 12.78 percent rise from US$599.57 million in the same quarter of last year.