Bloomberg, By Agus Suhana and Yoga Rusmana - Dec 10, 2010
Indonesia and Japan signed an agreement to build infrastructure valued at up to 2 trillion yen ($24 billion) in Jakarta as the Southeast Asian nation seeks to improve transport links to spur economic development.
Projects under the agreement include a mass rapid transit system to serve the greater Jakarta metropolitan area, developing power plants and a clean water supply, Hatta Rajasa, Indonesia’s coordinating minister for the economy, said in a statement. Development is expected to start in 2013, the statement said.
“The greater Jakarta area is a priority because it’s the country’s largest industrial area,” Rajasa said in the statement, which was posted on the official website of President Susilo Bambang Yudhoyono.
Rajasa signed the so-called Metropolitan Priority Area agreement with Japanese Foreign Minister Seiji Maehara today in Bali, Indonesia. Development is expected to start in 2013, with financing provided by local and foreign companies and through loans, the statement said.
The proposed mass rapid transit system in Jakarta will have a 110 kilometer-long (68 miles) track network to serve commuters from surrounding areas, according to information on the website of PT MRT Jakarta, the company overseeing the construction.
To contact the reporters on this story: Agus Suhana at asuhana1@bloomberg.net; Yoga Rusmana in Jakarta at yrusmana@bloomberg.net
To contact the editor responsible for this story: Berni Moestafa at bmoestafa@bloomberg.net
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.