PT Wijaya Karya Tbk (IDX: WIKA), a state-owned construction firm, in consortium with Japan' Furukawa Electric Co., Ltd., has been awarded a full turnkey engineering, procurement and construction contract for the Development of 150kV Submarine cable in Bangka, Riau - Photo by Furukawa Electric

JAKARTA (TheInsiderStories)PT Wijaya Karya Tbk (IDX: WIKA), a state-owned construction firm, in consortium with Japan’ Furukawa Electric Co., Ltd., has been awarded a full turnkey engineering, procurement and construction contract for the Development of 150kV Submarine cable in Bangka, Riau. The contract value approximately 11 billion Japanese Yen (US$.100.50 million)

Both companies get the project from a state power producer PT Perusahaan Listrik Negara (PLN). The delivery and commissioning of the project are scheduled for 2021.

Furukawa said, the purpose of this project is to reduce the cost of electricity generation in the region and improve the stability of the electric power system. Specifically, the project will replace the diesel-electric system on Bangka Island with electricity supplied across the Bangka Strait from Sumatra Island in western Indonesia.

in 2018, Indonesia government has decided  to establish tourism Special Economic Zone (SEZ) in Tanjung Gunung and Sungailiat in Bangka regency, Bangka Belitung Islands. The program as an effort to boost tourism in the archipelago.

Recently, only four of 10 tourism destinations namely Toba Lake in North Sumatera, Tanjung Kelayang Beach in Bangka Belitung, Tanjung Lesung Beach in Banten, Thousand Islands in Jakarta, Candi Borobudur in Central Java, Bromo Tengger Semeru National Park in East Java, Mandalika in West Nusa Tenggara, Labuan Bajo in East Nusa Tenggara, Morotai Island in North Maluku, and Wakatobi National Park in Southeast Sulawesi.

The government is targeting Indonesia as a leading Asian and World tourism destination by 2045 with a total of 73.6 million foreign tourist visits, from the 18 million people set for 2019. The officials believed Indonesia’ diversity which includes more than 17 islands, 300 ethnic groups, 700 languages, world heritage sites, as well as the third-largest biodiversity is a great potential for tourism development.

This year, the government will focus on developing leading destinations with a target of 21.6 million foreign tourists in 2025 increasing competitiveness with a target of 31.8 million people, in 2030 increasing diversity of tourism with a target of 42.8 million people, in 2035 increasing the integration of tourism with a target of 57.5 people, National Development Planning Ministry has said.

Furthermore, in 2040 the strengthening as Asia’ flagship destination with a target of 65.1 million people, and finally in 2045 the strengthening as the world’ destination with a total of 73.6 million people visiting, it said.

Besides the manufacturing and agriculture sectors, the authorities have said the tourism sector also directly contributed to foreign exchange reserves so as to strengthen the economy externally. Then tourism must become a government’s concern so that it can become the backbone of the Indonesian economy in 2045.

Tourism can also contribute to inclusive growth and more balanced national development by bringing investment to remote areas with tourist attractions. In 2018, Indonesia’s foreign exchange income from the tourism industry reached $17 billion, rose $2 billion from $15 billion a year earlier. And in 2019, the government targets the tourism sector to contribute $20 billion in foreign exchange.

US$1: 109.45 Yen

Written by Staff Editor, Email: theinsiderstories@gmail.com