Indonesia to tempt countries with six transport projects at IMF meeting

Indonesia will offer nearly 200 countries the chance to invest in six major infrastructure projects when they come to Bali next month for the annual joint meeting of the International Monetary Fund (IMF) and the World Bank Group.  

Transport minister Budi Karya Sumadi said in Jakarta yesterday the projects were three urban light rail schemes, two airport extensions and one seaport, with their respective investment values ranging between $335m and $670m.

Starting 8 October, representatives from 189 countries will meet in the Indonesian resort of Nusa Dua, in Bali.

Hinting the projects may be public-private partnerships (PPPs), the minister said the rail systems would be opened in Bandung in West Java, Surabaya in East Java, and Medan, north Sumatra.

The airports would be Kualanamu International in Medan (pictured), and Lombok in West Nusa Tenggara. The Kuala Tanjung port in northern Sumatra, meanwhile, needed investment of up to $335m, he said.

Budi said the government had no preference as to which nations supplied the loans. "We offer the projects to all participants," he said.

He added that Indonesia would cooperate with foreign companies to operate the various assets when they were completed, suggesting that some form of PPP was envisaged.

Image: Kualanamu Airport is the fourth busiest in Indonesia (Kenrick/Creative Commons)

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