Four Infrastructure Projects Funded by Asian Infrastructure Investment Bank

By : Herry Barus And Aldi Firhand. A | Thursday, August 30 2018 - 23:45 IWST

Head of Bappenas Bambang Brodjonegoro. (Photo: IST)
Head of Bappenas Bambang Brodjonegoro. (Photo: IST) - Jakarta - Minister of National Development Planning / Head of Bappenas Bambang Brodjonegoro said the loan from the Chinese bank, Asian Infrastructure Investment Bank (AIIB), would be focused on financing rail or rail-based mass public transport projects as well as renewable energy.

According to him, big cities need efficient mass transportation to support community activities in the city and that is the concern of the government.

"What I have to say is only in big cities, big cities that are in need. We have a 'list', but we have to talk technically. However, most importantly we convey, AIIB for the context of loans is 'government', only focusing on which is the government's needs and priorities, "Bambang said after meeting with AIIB President Jin Liqun at the Bappenas Office, Jakarta, Wednesday (08/29/2018)

Meanwhile, for renewable energy infrastructure development projects, Bambang said the AIIB loan could be used for all types of renewable energy but still had to look at the needs in the country.

"All. Of course, we must also see that which is our priority. Our priorities are still three big, namely hydro, geothermal, and bio-energy," he said.

Nevertheless, in addition to the two projects, the government did not rule out the possibility of financing from AIIB for other infrastructure projects such as road repairs or arterial road construction in the area, construction of airports, ports and power plants.

Bambang said that the meeting with the President of AIIB would be followed up with a technical meeting discussing infrastructure projects to be financed by AIIB. The list of projects that are ready to be offered to AIIB is targeted for completion by the end of this year.

"So we have a list and list that will be announced with them because they have to agree on what type of project they can 'support' because the requirements of them are only one, yes we submit the proposal and the amendment is complete and there are no issues regarding the relocation of the population "So social and environmental problems must be clean," said Bambang.

So far, there are four infrastructure projects in Indonesia financed by AIIB. First, the modernization of strategic irrigation and rehabilitation projects is urging to increase the irigas system in Indonesia so that it can produce larger quantities of US $ 250 million.

Secondly, the dam operational and safety improvement project to improve the lives of people who live downstream of the dam and protect local infrastructure worth 125 million US dollars.

Third, a regional infrastructure development project worth US $ 100 million and a fourth, a project to increase the slum area of ​​US $ 216.5 million.

News Comment

Today's Industry

World Bank Group (Images by ITU)

Kamis, 05 Maret 2020 - 07:23 WIB

World Bank Group Announces Up to $12 Billion Immediate Support for Covid-19 Country Response

As Covid-19 reaches more than 60 countries, the World Bank Group is making available an initial package of up to $12 billion in immediate support to assist countries coping with the health and…

Synopsys, Inc. (Images by PR Newswire)

Rabu, 04 Maret 2020 - 16:57 WIB

Better IoT Security Depends on Changes in Culture, habits

Ironically enough, the good news about the atrocious security of Internet of Things (IoT) devices might be that the bad news is getting a higher profile.Stories about security cameras getting…

Line Security Bug Bounty Program (Images by LINE Corporation)

Rabu, 04 Maret 2020 - 16:47 WIB

LINE Security Bug Bounty Program Report 2019

In late 2018 through early 2019, we began investigating the potential benefits of moving our program to HackerOne. After careful consideration, we concluded that we could likely improve the…

Check Point Software Technologies (Images by Acclaim)

Rabu, 04 Maret 2020 - 16:34 WIB

Check Point’s Hits Major Milestone as 100th Academic Institution Joins the Global Education

Check Point Software Technologies Ltd. NASDAQ: CHKP, a leading provider of cyber security solutions globally, has today announced that its Check Point SecureAcademy education initiative reached…

CloudGuard SaaS (Images by Check Point Software)

Kamis, 27 Februari 2020 - 14:08 WIB

Why are we still talking about email security?

with the rapid adoption of the internet and then the mobile internet, the email security market matured as enterprises understood that accessing proprietary information via the network exposed…