Gov’t Completes 81 Strategic Projects from 2016 to 2019

Coordinating Minister for the Economy Darmin Nasution chairs a Coordination Meeting of the Committee for the Acceleration of Priority Infrastructure, in Jakarta, Monday (9/9). (Photo by: Coordinating Ministry for the Economy PR)

The Government has completed 81 National Strategic Projects with a total investment of up to Rp390 trillion starting from 2016 to August 2019, according to Coordinating Minister for the Economy Darmin Nasution.

Between January and August 2019 alone, 19 projects were completed with an investment of Rp87.7 trillion, he added.

“The projects consist of the constructions of three airports, five roads, four regions, two smelters, three dams, and two sectors of technologies,” Darmin said in his remarks at a Coordination Meeting of the Committee for the Acceleration of Priority Infrastructure Provision (KPPIP) in Jakarta, Monday (9/9).

Deputy to the Coordinating Minister for Coordinating Sector for the Acceleration of Infrastructure and Regional Development Wahyu Utomo reported that as of August 2019, the progress of 223 Projects + 3 National Strategic Projects from the enactment of Presidential Regulation Number 56 of 2018 are as follows: 51 projects completed (Rp295 trillion); 27 projects, 1 electricity program, and 1 economic equality program in the construction phase and start operation (Rp1,348 trillion); 23 projects in the construction phase and will start operation in 2019 (Rp154 trillion); 78 projects in the construction phase and will start operation after 2019 (Rp1,351 trillion); 5 projects in the transaction stage (Rp413 trillion); and 39 projects and 1 aircraft industry program in the preparation phase (Rp621 trillion).

In the meantime, the progress of the 35,000 megawatt electricity program from December 2016 to July 2019 include 3,768 megawatt in operation (Rp101.7 trillion); 21,992.1 megawatt under construction; 7,515.1 megawatt has completed the Power Purchase Agreement (PPA) but not yet financially closed; 1,453 megawatt in the procurement stage; and 734 megawatt in the planning stage.

The meeting also discussed a Presidential Regulation bill on Limited Management Rights (HPT)/Limited Concession Scheme (LCS) and issues relating to land acquisition payments by the State Asset Management Institute. (Coordinating Ministry for the Economy PR/ES)

Translated by: Muhardi

Edited by: M. Ersan Pamungkas