Indonesia`s sea toll project to receive Rp365 billion Japanese investment

Jakarta (ANTARA News) - The Investment Coordinating Board (BKPM) has identified a Japanese investor keen on investing Rp365 billion in a sea toll road project.

The interest was expressed during a one-on-one meeting with several major companies when BKPM Head Franky Sibarani had visited Japan recently.

The sea toll road project, particularly will concern cargo shipping from Surabaya in East Java Province to Indonesias eastern regions, including Papua, Sibarani noted in a statement on Friday.

"We will follow up on the investment interest, which is considered strategic," he affirmed.

Sibarani hoped the investment project will be realized this year.

Another Japanese firm was interested in expanding its sanitary napkin business in Indonesia.

A Japanese automotive spare parts company plans to build a factory in Karawang, West Java.

To follow up on the memorandum of understanding signed between the BKPM and Bank of Tokyo Mitsubishi UFJ in 2007, the investment agency had visited three Japanese cities: Fukuoka, Nagoya, and Tokyo.

Sibarani promoted investment opportunities in Indonesia while making presentations, respectively before 67 businessmen in Fukuoka and 118 in Nagoya on June 9.

Japans investment realization in Indonesia increased by six percent in 2015 compared to that in the previous year.

Japans investment in Indonesia in 2015 had reached US$2.87 billion, spread across a total of 2,030 projects and employed 115,400 workers.(*)

Source : http://www.antaranews.com/en/news/105131/indonesias-sea-toll-project-to-receive-rp365-billion-japanese-investment

By admin
14 Jun 2016
1427
INSA