JAKARTA (TheInsiderStories) - Hungary and Indonesia formed the Indonesia-Hungary Investment Fund to support the infrastructure development in the country, said public works and public housing minister on Thursday (04/22). The Hungarian Government has prepared funds worth US$250 million through the investment fund.
According to the minister, Basuki Hadimuljono, the Hungarian government targeting to allocate the funds on June 30, 2021. He adds, Indonesia needs Rp1,412 trillion (US$97.28 billion) from the private sectors. The agreement by the countries was realized through the signing of letter of intent (LoI) between foreign minister, Retno Marsudi, and her counterpart, Peter Szijjarto, on Feb. 16, 2021.
She welcomed the interest of Hungarian companies in Indonesia through the participation in the toll road payment system project or electronic toll-road payment. In the meeting, Marsudi also also discussed an opportunities for digital economy and cyber security cooperation. During the last few years, she continued, the cooperation between the two countries in this field has continued to increase.
Hungary is an important partner country of Indonesia in the Central European region. The country with the fastest economic growth in Europe is now the 3rd largest trade and investment partner in the region, with the second largest influx of tourists coming to Indonesia in the region. In 2020, total trade between the two countries recorded $212 million, increased more than 13.25 percent compared to the previous year.
For this year, the ministry prepared funds amounting to Rp414.0 trillion to support the infrastructure projects in Indonesia. The government plans to build 10 airports, 378 km of railway lines, 678 km of roads, 13.1 km of bridges, 47 units of dams, and 20,000 hectares of irrigation networks
Indonesia also aimed to develop 11,650 flats and special houses, access to sanitation and solid waste for 1.04 million families, 120,776 household gas networks, 25,000 conversion of fuel to gas fuel for fishermen, provision of base transceiver station in 5,053 locations, and the Palapa Ring network.
Hadimuljono explained this year’ infrastructure funds will be allocated for road infrastructure development worth of Rp35.81 trillion. The toll road construction is targeted along 831 kilometers at the border of Kalimantan, East Nusa Tenggara, Trans Papua, East Java, Aceh, Trans Outer Islands, Toll Exit in Lampung, and Brebes in Central Java.
Then, bypass road in Mandalika, West Nusa Tenggara, Syamsudin Noor Airport in South Kalimantan, Manado Outer Ring Road in North Sulawesi, Kendari City Circle in Southeast Sulawesi, Shortcut of Mengwitani – Singaraja in Bali, Molang Island – Bululawang in East Java. The ministry also plans to build road along 1,279.5 km for access to food estates in Central Kalimantan, Lhoksumawe in North Aceh, Padang – Pairan in West Sumatra, and Tumbusi – Tanjung Berikat in Riau Islands.
In addition, inner city roads in South Sumatra, Karangnongko – Toyan in Central Java , Madiur – Caruban in East Java, Anjir Pasar – Serapat in South Kalimantan, Medan – Berastagi in North Sumatra, Probolinggo – Grobogan in East Java, Palur – Sragen – Mantingan in Central Java. Moreover, the construction of a 19.88 meter of long bridge with funds of Rp6.27 trillion in the Batang and Subang industrial areas, Yogyakarta, Bali, West Kalimantan, Central Kalimantan, North Kalimantan, Trans Papua, Trans Maluku and North Sumatra.
Also, flyovers, underpasses and tunnels worth Rp1.09 trillion along 3,116 meters in Bekasi, West Java, Central Java and Riau Islands. Hadimuljono stated his ministry also has plans to develop freeway road for 35 km with funding of Rp2.74 trillion in Banten, West Java, Central Java and rationalization of toll rates.
Other projects, he continued, includes the construction of drinking water supply Rp5.93 trillion, sanitation Rp7.03 trillion, residential areas Rp3.33 trillion, buildings Rp1.48 trillion, educational facilities Rp5.93 trillion, sports facilities and markets Rp1.53 trillion, and other support. Rp1.33 trillion.
US$1: Rp14,500
Written by Editorial Staff, Email: theinsiderstories@gmail.com
