Indonesia needs Rp6,445T to build infrastructure until 2024

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Indonesia needs Rp6,445T to build infrastructure until 2024
Construction of flyover dan underpass in Indonesia. (Source: Public Works and Housing Ministry)

Jakarta, IO – The Finance Ministry’s State Assets director general Rionald Silaban said Indonesia needs Rp6,445 trillion to develop its infrastructure between 2020-2024.

“In order to pursue GDP growth in the 2020-2024 National Medium-Term Development Plan, we know that infrastructure development requires huge amount of funding,” he said as reported by Antara, Wednesday (5/10).

Rio said the state budget (APBN) is only able to meet 37 percent of the total infrastructure funding needs. State-owned enterprises (SOEs) will cover 21 percent. While the remaining 42 percent will need the participation of private sector.