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Infrastructure Conference in November 2006


Monday July 31, 2006

Indonesia is due to hold an infrastructure conference and exhibition in November in an effort to drum up private sector investment in infrastructure, reports Indonesia’s Trade and Investment News published by the Coordinating Ministry for the Economy.

 

Titled “Indonesia Infrastructure 2006”, the conference will be held on November 1-3, and will include a two-day forum and workshop on 's infrastructure needs in which senior decision-makers from the government, industry and international agencies will address a variety of strategic issues.  Participants from the technical, commercial, legal and financial sectors will attend the event.

 

 

Coordinating Minister for the Economy Boediono said in a statement 4 July, that the government would announce new investment rules and policies during the conference.  "At the conference, presentations will be made by officials from the relevant ministries on the projects on offer and the new rules," he was quoted as saying by The Jakarta Post.

 

Suyono Dikun, the Coordinating Minister’s Deputy for Infrastructure, said that it is expected that a number of new regulations and laws would be put in place before the conference.

 

The new rules would seek to improve legal standards, ease restrictive central and local government interference, and reduce the length of time required to set up a business to about 30 days compared to 150 days at present.

 

Dikun said that over the coming five years, would need about Rp600 trillion (about $63 billion) in new investment in the infrastructure sector.  "We hope that between Rp120 trillion and Rp150 trillion of this will come from the private sector," he said.