Jakarta: Public Works and Public Housing Minister Basuki Hadimuljono has said that the Government will continue to promote public-private partnership (PPP) scheme in order to boost toll road development.
"Through the PPP scheme, the Government wants to adress financing gap in infrastructure development, especially toll road development," the minister said in a press statement released on Monday.
"It is needed to complete the projects on schedule and to provide real benefits for the nationa and its people," the minister remarked.
This year, the Public Works and Public Housing Ministry through the Toll Road Regulatory Agency (BPJT) is set to offer tender for seven toll road sections with an overall investment value of Rp151.13 trillion.
According to the press release, the seven toll road sections are Semanan – Balaraja Toll Road (31.9 Km), Kamal – Teluknaga – Rajeg Toll Road (38.6 Km), Patimban Port Access Toll Road (37.7 Km), Gedebage – Tasikmalaya – Cilacap Toll Road (184 Km), Yogyakarta – Bawen Toll Road (77 Km), Solo – Yogyakarta – New Yogyakarta International Airport (NYIA) Kulon Progo Toll Road (91.93 Km) and Balikpapan – Penajam Paser Utara Toll Road (7.35 Km).
For the record, the 2020-2024 State Budget is projected to only be able to meet 30% (approximately Rp623 trillion) of the total budget required for infrastructure development (Rp2.058 trillion).
According to Bank Indonesia (BI), Indonesia has maintained relatively stable economic growth in the second quarter of 2019 compared with conditions in the previous period. Private consumption remains solid, backed by maintained consumer confidence. Furthermore, building investment continues to expand at a stable pace.
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