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Saturday, January 15, 2005

Indonesia woos Singaporean investors to help in infrastructure development



Hello and welcome to Connections. I'm Yvonne Gomez.

AB: The total amount of money we need in ten years’ time is 150 billion dollars, in which 75 billion dollars should be in infrastructure projects in the next five years. And out of the 75 billion dollars, 20% will be financed by the government, and another 20% by the Indonesian private sector. But the bulk of the 60% should be made by foreign investors.

Speaking ahead of the Indonesia Infrastructure Summit 2005 to be held in Jakarta next week, Mr Bakrie said that the development of infrastructure in Indonesia has been slow compared to China and India.

To facilitate this development, the Indonesian government has identified several obstacles to trade.....

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