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Jakarta to fast-track two megaprojects

JAKARTA - The Indonesian government is set to speed up the construction and completion of two mega-infrastructure projects valued at more than US$1 billion, an official said.

State Minister for Settlement and Area Infrastructure Soenarno said the US$317.65 million Suramadu bridge spanning the sea between Surabaya and Madura in East Java and the $700 million Bojonegoro port project in Banten are priority projects to be carried out ahead of schedule.

The 2.1-kilometer Suramadu bridge is scheduled to be completed in 2006 and the Bojonegoro port modernization in 2004-05.

Soenarno said the government has decided to use a $400 million loan already pledged by China to finance the Suramadu project. He said $150 million of the loan fund will be used for the construction of the bridge and $250 million for the bridge electricity systems and illumination.

Meanwhile, preparation for the expansion and modernization of the Bojonegoro port has been progressing well, he said. President Megawati Sukarnoputri will soon officiate the start of work in the project, he added.

The project will be financed from the state budget and investors. State-owned port operator PT Pelindo will put up Rp300 billion ($35.3 million), Soenarno said.

(Asia Pulse/Antara)
 
Nov 15, 2003


 
         
         
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