Insider Stories - Participants attending Indonesia Investment Summit on Nov. 7 may have a moment of déjà vu after it became so noticeable that the speech of Vice President Boediono was identical with the one he conveyed last year.

The 70-year old professor of economics at Gadjah Mada University said Indonesia had been impacted by the global economic crisis in 2008, but managed to survive.

"Until last year, Indonesia can maintain its economic growth at above six percent," said the former central bank governor," in his speech delivered in front of hundreds of investors at Ritz Carlton Kuningan.

The Investment Coordinating Board (BKPM) sponsored the summit.

Boediono also said this year Indonesia must revise its growth target as it is also being dragged by the global slowdown. He said, however, Indonesia remains prospective. "We are blessed with a vast mineral resources," he said.

Boediono also touched about the need for reform and tackel infrastructure problem in Indonesia.

"In the last few years, we have worked hard to solve the infrastructure constrain. In the next two years, a number of infrastructure projects will complete and tehre will be more new projects," Boediono said.

He also rehashes his point about labor protest. "These actions, I believe must be seen as part of the democratization in the employment world," Boediono said.

Journalists covering the event, or even investors who paid close attention were quick to recall such remark by the Vice President was identical, not only topics-by-topics, but also line-by-line.

It was not clear whether investors must swallow a bitter pill of "irony" that someone considered as "economic guru" copy-pasted remark from last year when he supposed to attrack their attention, or it was because Boediono believed he must repeat last year's remark.

For many attending at the summit, they believed the country has been going nowhere from last year in terms of providing better condition to pave the way for billions dollar of projects to build the much needed public facilities like ports, roads, bridges and airports.

Even though the administration of President Susilo Bambang Yudhoyono, has campaigned infrastructure development stories, the reality check is that even projects in close supervision by the government has yet seen groundbreakings.

At Infrastructure Leaders Forum on Oct. 31, where prominant players in infrastructure sectors were gathering, a senior official from BKPM mentioned five "showcase projects" have seen no groundbreakings.

Tamba Hutapea, a deputy chairman at BKPM said even though since 2011 BKPM has been closely monitoring five projects being worked under public-private partnership scheme and has been regularly updating the progress to the Presidential Delivery Unit (UKP4), none have seen groundbreaking for construction.

The five projects are a giant coal-fired power plant in Central Java that can generate up to 2,000 megawatts, the railway supposedly connecting Soekarno-Hatta International Airport to Jakarta, a water facility project in East Java, a toll road in North Sumatra and a cruise terminal in the paradise island of Bali.

Yudhoyono’s term will end in 2014 after a general election.