Toll Road - Photo by PT Nusantara Infrastructure Tbk
JAKARTA (TheInsiderStories) – The Committee for Accelerating Priority Infrastructure Provision targeting 31 infrastructure projects under the National Strategic Projects (NSP) to be completed in the third quarter (3Q) of 2019, said the chairman last week.
Wahyu Utomo explained, the 31 projects worth of Rp276.4 trillion (US$19.60 billion), consisted of the Morowali Industrial Estate Rp105 trillion, Konawe Industrial Area ​​Rp67.5 trillion, the National Smelter Rp19.7 trillion and the Tanggamus Industrial Area ​​Rp17.5 trillion.
In addition, the Cikampek Elevated Toll Road Rp16.2 trillion, Samarinda-Balikpapan Toll Road Rp9 trillion, Palapa Ring PPP Rp7 trillion, Special Economic Zone Morotai Rp6 trillion and Ketapang Industrial Zone Rp. 6 trillion.
The agency noted, as many as seven NSPs worth Rp109.2 trillion were in the transaction stage and 15 NSPs of Rp264.7 trillion entered the preparation stage at the end of 3Q 2019.
Seven NSP has entered the transaction stage included the Jakarta Waste Management System of Rp69.6 trillion, Yogyakarta-Solo Toll Road of Rp16 trillion and Yogyakarta-Bawean Toll Road of Rp12.2 trillion.
While, the 15 NSPs that are estimated not be able to reached the transactions or construction stages namely the Jakarta-Surabaya Rapid Railway Rp102.3 trillion, the Bintuni Industrial Area Rp31.4 trillion and the Tanah Kuning Industrial Area Rp20.9 trillion. These projects still face various problems that need resolution, such as political risk, the establishment of financing schemes, technology used, community rejection and the absence of principle licenses.
However, overall, the institution recorded that 62 NSPs had been completed during the 2016-2018 period with a total investment of Rp320 trillion. The projects are, 20 NSPs in 2016 amounting to Rp33.4 trillion, 10 NSPs in 2017 amounting to Rp61.4 trillion and 32 NSPs in 2018 amounting to Rp225.1 trillion.
Thus, in 3Q 2019, an estimated total of 92 projects out of 223 projects listed in NSP have been completed.
US$1: Rp14,100
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