West Java regional government raise new investment Rp63 trillion (US$4.46 billion) during the West Java Investment Summit 2019 since Oct.17 - 18, said the governor today (10/18) - Photo by Governor Office

JAKARTA (TheInsiderStories) West Java regional government raise new investment Rp63 trillion (US$4.46 billion) during the West Java Investment Summit 2019 since Oct.17 – 18, said the governor today (10/18). 20 Investors signed the deal with the province

Investments came from Malaysia to Finland, from the Philippines to Belgium and seven Special Economic Zone started initiated,” West Java Governor, Ridwan Kamil said.

The governor signed various agreement on investment and trade with 20 investors, including those related to the West Java International Airport project, Pangandaran, Lido and Cikidang Special Economic Zone (SEZ), Drinking Water Supply System (SPAM) Bandung Raya, the Ciayumajakuning waste processing, Kertajati Aerocity, Rebana Triangle to agribusiness.

He asserted, the value of the Jatigede SPAM project is Rp2.3 trillion and the Legok Nangka waste process project’ value is Rp3.4 trillion. Kamil claimed, most investment in the industrial sector. West Java has 25 industrial areas, adds by head of Investment and One Stop Integrated Services office Dadang Mohamad Masoem.

Last June, World Bank has approved loans Rp1.4 trillion for West Java to clean up the Citarum River, the longest and dirtiest river in the province.

Kamil said that the Citarum Harum program included efforts to address trash, sedimentation and flooding. The World Bank loan would be used specifically for addressing the trash problem. He stated has planned to use the loan to help change residents’ lifestyles to provide a long-term solution to the trash problem.

In July, the governor and and British-based Plastic Energy, has agreed to build a plastic waste processing plant into biodiesel in early 2020. The project is estimated need costs $214.3 million and become the first in Southeast Asia.

The acceleration of the development will be the solution to the problem of plastic waste that has been complained by the public, especially pollution of the Citarum River and the sea.

Both also agreed to collaborate and discuss on the Light Rail Transit and the railroad, as well as waste processing technology projects. The governor is targeting the project’ assessment until the licensing process is completed later this year and the construction begin in January 2020.

The regional government will provide rental land for Plastic Energy, accelerate the licensing process, and distribute plastic waste to be processed into energy in the form of  biodiesel.

Kamil explained, there are five regions that will be built to process plastic waste into biodiesel, namely Bogor, Bandung Raya, Bekasi, Tasik (East Priangan), and Cirebon. The investment value of each location worth of $45 million.

As a stage, it will first build in Bogor and Greater Bandung. In Bogor, the factory construction site will be in the Galuga area of ​​20 hectares, while in Bandung Raya the development will be in the Gedebage area of ​​around 10 hectares.

The governor also stated that the investors also did not impose a tipping fee for the regional government, as long as it has become a problem when there is a waste processing plant.

Former Mayor of Bandung explained, there were two ways of delivering plastic waste to Plastic Energy, like pure plastic waste and two mixed waste which would be sorted by Plastic Energy. Of the 1,000 tons of garbage, about 100 tons of plastic waste is taken.

US$1: Rp14,100

by Linda Silaen, Email: linda.silaen@theinsiderstories.com