TEMPO.CO, Jakarta – National Development Planning Minister Armida Alisjahbana hopes that the new government will keep the Master Plan for the Acceleration and Expansion of the Indonesian Economy (MP3EI) on the move since it is a long-term program for the nation's infrastructure development.
“Most [of the infrastructure developments] are strategic and the groundbreaking had been started. So it would be a loss if the program is discontinued,” Armida said on Wednesday, September 3, 2014.
According to Armida, the government should ask investors, business owners and local government to evaluate the master plan. Therefore, it can be assessed whether the current and upcoming projects are running properly or otherwise. Currently, Armida said, the MP3EI was financed by the government, state-owned companies and private sectors.
Deputy transition team of Joko “Jokowi” Widodo-Jusuf “JK” Kalla said Jokowi-JK would look at the financing sources available in the state budget for the megaproject. Andi added the MP3EI program required Rp4,100 trillion (US$342 trillion).
Economist at Standard Chartered Bank Fauzi Ichsan said the MP3EI blue print looked promising. However, Fauzi said, the new government had to be selective in prioritizing projects it would continue.