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Indonesia government and SOEs invest $9.69 billion in H1 on infrastructure projects

[Image : Ministry of Public Works and Public Housing]

JAKARTA (TheInsiderStories) - Indonesia government and state-own enterprises (SOEs) have invested around Rp130.78 trillion ($9.69 billion) on the strategic infrastructure projects in first half of 2015. This year, the government and SOEs aim to invest up to Rp720.3 trillion in various infrastructure projects such as electricity, toll road, airport, port, railways and others.

Minister of SOEs Rini Soemarno said, until H1 of the year, the state firms have invested Rp94.5 trillion and $450 million in eight infrastructure projects from the initial plans of Rp318 trillion and $5.1 billion in next three years. Besides the existing projects, the government also has taken initiatives to develop new toll-roads on Java Island, ports, high-speed railways and light rapid trains (LRT) with total investments of more than Rp100 trillion.

She elaborated that SOEs have planned to develop 86 projects in three years period such as toll-roads worth Rp61.59 trillion, coal-gas fired power plants worth Rp46.33 trillion and $1.5 billion, ports Rp9.51 trillion, oil & gas projects Rp79.82 trillion, airports Rp8.60 triliun, transportation projects Rp35.78 trillion and other projects valued at Rp76.83 trillion and $3.6 billion.

“Up until end of the year, the SOES will invest Rp165.75 trillion and 471.8 million in eight projects, excluding high speed railways, LRT, toll roads linking Terbanggi Besar – Kayu Agung Palembang and Pekanbaru – Dumai on Sumatera Island with a total length of 180 kilometers; Pemalang-Batang and Batang-Semarang on Java Island as well as Sorong port, Semen Kupang cement plant and special economic zone in Merak – Bakaehuni areas,” she said.

Rini added four SOEs have shown their interests to join in developing the projects such as PT Wijaya Karya Tbk (IDX: WIKA), PT Adhi Karya Tbk (IDX: ADHI), PT Jasa Marga Tbk (IDX: JSMR), PT Waskita Karya Tbk (IDX: WSKT), PT Kereta Api Indonesia and PT Pelindo II.

Finance Minister Bambang Brodjonegoro said in first semester, the government has disbursed capital injection to state owned companies amounted to Rp7.1 trillion consisting of capital injection to Hutama Karya worth Rp3.6 trillion and Waskita Karya worth Rp3.5 trillion out of the total amount around Rp40 trillion in this year.

Minister for Public Works and Public Housing Basuki Hadimuljono added that his ministry has disbursed Rp26.3 trillion or 21.34 percent of the ministry’s total budget of Rp118.5 trillion in H1 2015. By the end of this year, the ministry is expected to disburse 93 percent of the total budget.

SOEs Operating Expenses (Opex) in First Half 2015

No Sectors OPEX
HI 2015
1 Mining & Drilling 275,146,075
2 Manufacturing 63,093,204
3 Transportation and storages 50,439,462
4 Construction 20,149,390
5 Gas & Other 143,907,465
6 Agriculture, forestry & fishery 6,129,970
7 Finance & Insurance Services 64,142,125
8 Information and Technology 35,627,373
9 Consultant and Other Services 1,690,624
10 Water & Others 247,837
11 Trading & Retailer 13,419,795
12 Real Estate 150,508
13 Accomodation, Food & Beverages 214,835
Total 674,358,664

Note : in million rupiah

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