Deals

Indonesia calls for around $35bn private infra investment

The Indonesian government will put eight infrastructure projects worth around $4.5bn each up for sale over the next couple of months, a government official has said

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To meet a shortfall in infrastructure financing, the Indonesian government is planning to auction off approximately $35 billion of public private partnership projects in the next two years to private investors.

Eight of a total 87 infrastructure projects will be put up for sale for around $4.5 billion each in the next three months, the state minister for National Development Planning, Pasjah Suzetta, told The Jakarta Post.

Plans to spend nearly Rp1500 trillion ($296 billion; €218 billion) on 87 construction projects in the region over the next five years have been published by the National Development Agency (Bappenas) – and they outline a 69 percent deficit in the government’s budget.