Japan to lend Indonesia $1.46b for infrastructure

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Indonesia roadJapan will provide Indonesia with a total of $1.46 billion in loans for the country to boost development of vital infrastructure in the coming years, the Jakarta Post reported.

Industry Minister MS Hidayat said on December 16 that the loan, made available through Japan’s Overseas Development Agency, would help finance dozens of projects under the Metropolitan Priority Area (MPA) programme, including their feasibility studies. The cooperation under the MPA programme was signed by both governments in 2010.

The flagship projects in the programme include the development of a port in Cilamaya, Karawang, West Java, and mass rapid transportation (MRT) system in Jakarta.

Apart from that, a number of top Japanese firms, including Mitsubishi, Toshiba, Marubeni IHI and Inpex conveyed their interest in expanding their businesses in Indonesia, injecting between $3.5 billion and $4 billion in multi-year investments. Toshiba, for example, aims to make Indonesia its regional production base for electronics products, while Marubeni wants to set up a power plant with local firms, including Indika Energy.

Investments from Japanese firms in Indonesia totaled $2.46 billion in 405 projects in 2012, while in January-September this year they reached $3.64 billion in 646 projects. Overall trade between Indonesia and Japan stood at $52.9 billion in 2012, with exports from Indonesia amounting to $30.14 billion and imports $22.77 billion. From January to August 2013, it settled at $31.24 billion with Indonesia exporting $18.19 billion and importing $13.05 billion

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Reading Time: 1 minute

Japan will provide Indonesia with a total of $1.46 billion in loans for the country to boost development of vital infrastructure in the coming years, the Jakarta Post reported.

Reading Time: 1 minute

Indonesia roadJapan will provide Indonesia with a total of $1.46 billion in loans for the country to boost development of vital infrastructure in the coming years, the Jakarta Post reported.

Industry Minister MS Hidayat said on December 16 that the loan, made available through Japan’s Overseas Development Agency, would help finance dozens of projects under the Metropolitan Priority Area (MPA) programme, including their feasibility studies. The cooperation under the MPA programme was signed by both governments in 2010.

The flagship projects in the programme include the development of a port in Cilamaya, Karawang, West Java, and mass rapid transportation (MRT) system in Jakarta.

Apart from that, a number of top Japanese firms, including Mitsubishi, Toshiba, Marubeni IHI and Inpex conveyed their interest in expanding their businesses in Indonesia, injecting between $3.5 billion and $4 billion in multi-year investments. Toshiba, for example, aims to make Indonesia its regional production base for electronics products, while Marubeni wants to set up a power plant with local firms, including Indika Energy.

Investments from Japanese firms in Indonesia totaled $2.46 billion in 405 projects in 2012, while in January-September this year they reached $3.64 billion in 646 projects. Overall trade between Indonesia and Japan stood at $52.9 billion in 2012, with exports from Indonesia amounting to $30.14 billion and imports $22.77 billion. From January to August 2013, it settled at $31.24 billion with Indonesia exporting $18.19 billion and importing $13.05 billion

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