Good infrastructure helps boost economic growth

9/11/2012

 
Jakarta (ANTARA News) - Good infrastructure development would help boost quality and evenly-distributed economic growth, Peter F Gontha, the deputy chairman of the Indonesian Chamber of Commerce and Industry (Kadin)`s invetsment and transportation division, said. "Good infrastructure will reduce obstacles in businesses and improve the public life," Gontha said in a national working meeting on investment and transportation organized by Kadin, here, Tuesday. The infrastructure development will step up connectivity for better Indonesia`s economic activities. The government has prepared the infrastructure development strategies through the Master Plan of Indonesian Economic Development Acceleration and Expansion (MP3EI), according to him. Every party realized that efficiency is the the foundation for the success in developing infrastructure projects, he stated. The questions are whether the funding and investors are ready for the implementation of the infrastructure development, he added. Investment is crucial for creation of jobs, he noted. Kadin Chairman Suryo Bambang Sulisto in his address said among problems hampering investment in Indonesia concerned among other things land acquisition, infrastructure and manpower. He hoped the meeting would produce applicable recommendations to solve those problems. The government has allocated Rp193.8 trillion in its draft state budget of 2013, in addition to Rp24 trillion from the balance of the budget surplus, for infrastructure development, an increase from the Rp168.7 trillion assigned for this purpose in the amended state budget of 2012.