BKPM to Facilitate Halted Investments in Papua
31 January 2015 16:58 WIB
TEMPO.CO, Jakarta - The Investment Coordinating Board (BKPM) said that it will facilitate ten halted investments in Papua in order to boost the realization of investment that has remained low over the last for years.
“About eight out of ten projects worth a total of Rp113 trillion (US$9.4 billion), with PT Freeport Indonesia as the largest one,” BKPM head Franky Sibarani said in Jakarta on Friday, January 30, 2015.
In general, Franky added, investors were disappointed with the infrastructure promised by the government.
“The previous government had promised [to build] infrastructures. But the investors felt that they were left behind,” he said.
Franky revealed that some companies had prepared to leave Papua. He regretted the situation because Papua is one of the regions with the biggest investment potential in Indonesia.
The BKPM has coordinated with the National Development Planning Agency (Bappenas) to revamp old programs, such as the Merauke Industrial Food Estate (MIFE). The BKPM is also consolidating with several ministries and set a target to complete the consolidation by the first half of this year.
FAIZ NASHRILLAH
