‘Green Lane’ is the Fast Lane for Investors: Investment Board

Indonesian Investment Coordinating Board BKPM and the Customs Office gave a big thumbs up to the recently implemented 'green lane' import acceleration facility, with import clearance time improving 94 percent since January. (Antara Photo/Aditya Pradana Putra)

By : Ratri M. Siniwi | on 9:15 PM July 26, 2016
Category : Business

Jakarta. Indonesian Investment Coordinating Board BKPM and the Customs Office gave a big thumbs up to the recently implemented "green lane" import acceleration facility, revealing that import clearance time has sped up by 94 percent since January.

The board's head, Franky Sibarani, said 66 companies have already used the facility since its introduction, with clearance time now taking just under nine hours, compared to more than six days previously.

"From our assessment, the 66 companies that have been granted the facility raked in Rp 15.9 trillion in import value, with customs clearance taking less than half a day,” said Franky on Tuesday (26/07).

The green lane facility has been a catalyst for more investment in Indonesia’s remoter areas, with the investment board claiming it has helped investors to finish off projects there.

"A company investing in a project in Wetar Island in West Maluku saw their customs clearance time speed up by 95 percent with the green lane facility, while another company with a project in Obi Island in North Maluku saw its clearance time cut to just 0.28 days, from 4.73 days previously. Now the two companies are ready for commercial production,” Franky said.

Heru Pambudi, the director general of custom and excise at the Finance Ministry, said he hoped the concerted efforts of the two parties would continue to strengthen and develop remote areas in the country.

Still, Franky said, monitoring for obstacles and providing solutions remain challenging due to poor infrastructure in those remote areas.

Introduced on January 11, the green lane facility was designed to help investors develop their projects faster, create more jobs and increase export.

Most of the 66 companies which have been granted the green lane facility are located in industrial complexes in West Java, Banten, South Sulawesi, Southeast Sulawesi and East Java.

 

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