West Java Governor Ridwan Kamil has offered infrastructure projects worth a total of $60 billion to US investors. (B1 Photo/Danung Arifin)
Ridwan Kamil Woos US Investors With $60b Worth of Infrastructure Projects
BY :JAKARTA GLOBE
NOVEMBER 21, 2019
Jakarta. West Java Governor Ridwan Kamil has offered infrastructure projects worth a total of $60 billion to United States investors in an effort to boost development in Indonesia's most populous province.
With a growing population of 50 million or around a fifth of the country's population, West Java desperately needs to start development on 209 critical infrastructure projects, ranging from bridges and roads to power plants and water processing facilities.
Among them are contracts to build 21 power plants and transmissions worth a total of $32 billion and two industrial zones worth $5.8 billion.
"In all the projects, you will have two doors [to join them], the central government and the provincial government. Mine will get you there faster since I understand the issues [in each region]," Ridwan said.
The governor was speaking in front of hundreds of US investors attending the US-Indonesia Investment Summit in Jakarta on Thursday.
Ridwan said West Java is the most connected region in Indonesia thanks to its proximity to the country's largest ports, airports and extensive toll road network. These facilities will allow investors to tap both the export and local markets easily.
Two investors from the US are already working on two technology projects in the province, investing a total of Rp 40 trillion ($2.8 billion) in the process. Ridwan hoped others would follow suit.
A report from AmCham Indonesia and the US Chamber of Commerce, titled "Making Impact," said US investment in Indonesia had totaled $36 billion in 2013-2017, with the bulk of it going to the upstream oil and gas sector.