Ahad 14 Oct 2012 23:03 WIB

Boediono to observe master plan for economic development projects

Foto: Antara/Gatot Arifianto

Among others, International Finance Corporation (IFC) support coffee farmers to compete with international coffee companies. (illlustration)

REPUBLIKA.CO.ID, SEMARANG - Vice President Boediono is scheduled to observe a number of projects included in the Master Plan for the Acceleration and Expansion of Indonesia`s Economic Development (MP3EI) in Central Java on Tuesday. In observing the double track railway project, for example, the vice president will use a train from the Tawang Train Station to the Alas Tuwas Train Terminal.

"The vice president will inspect a double-track railway project and Semarang`s Ahmad Yani Airport development," Hadi Prabowo, Central Java Regional Government Secretary, said.

Regarding the Ahmad Yani airport project, the vice president will receive a report on the development of the airport.

The development of Ahmad Yani airport has reached preparations for the construction of new exit taxi ways. "Th exit taxi ways have begun to be developed with the installation of about three thousand pillars," Head of the Transportation Service of Central Java Urip Sihabudin said.

IFC to increase investment

Indonesia is currently boosting its economic development through the MP3EI program. The International Finance Corporation (IFC) has expressed its continuing support for the government`s program under the MP3EI.

"IFC supports the government`s program because MP3EI is a positive initiative and will provide development opportunities for people in these regions," IFC Country Manager Sarvesh Suri said recently.

"The World Bank and IFC are studying the policies that the Indonesian government plans to implement over the next three years," he added.

As a member of the World Bank Group, IFC plans to increase its investment in Indonesia by 400-600 million USD by June 2013. "The funds will be used to finance hydropower plant projects of private companies," Suri stated.

"IFC`s investment has reached almost 300 million USD across eight projects in Indonesia. This is in addition to the 7 million USD invested in technical collaboration projects across the country in 2012. And in 2013, IFC plans to add a further 400-600 million USD more," he explained.

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