Jakarta, CNBC Indonesia – The investment needs for Indonesia’s infrastructure projects are still large. Role The Indonesian Investment Management Institute (LPI) under the name Indonesia Investment Authority (INA) is expected to be able to patch up these shortcomings.
INA President Director Ridha Wirakusumah explained that the investment requirement for infrastructure in Indonesia reaches US $ 450 billion. Meanwhile, the plan for fulfillment of the APBN is only half of it.
“The rest is yet to be seen how we finance it there. We are trying to help,” Ridha said as quoted from the YouTube broadcast of the Ministry of BUMN, Friday (30/4/2021).
Rida explained that the exploration of incoming investment is still being carried out. However, he has not been able to provide a target for the investment value that can be obtained. But until April, INA has secured a commitment in the form of an MoU of around Rp. 50 trillion to Rp. 60 trillion.
Previously, the Ministry of Finance of the United Arab Emirates (UAE) had invested US $ 10 billion or the equivalent of Rp. 144 trillion.
In the broadcast, the Special Staff of the Minister of BUMN Arya Sinulingga asked Rida about the MoU regarding the investment of the UAE Government and the next steps.
Rida said the statement was made by the UAE government. But until now, INA is still preparing a forum for which government programs to enter. Because basically the UAE government wants to enter into clear projects.
“Hopefully in the not too distant future there will be an announcement on the nature of the MoU with several work companies. Hopefully it can help, the progress is more smooth,” he explained.
“There will be a period of weeks or months when the MoU is in place,” he added.
Rida explained that investment in INA is in the form of equity, not debt. Although they can issue a guarantee, the main thing is equity participation. So that the implication is no debt.
“It is equity, we are not a broker, but there is money in the direction of cooperation with state-owned enterprises and investors. We are both entering into investments with added value,” he explained.
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