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JAKARTA: President Susilo Bambang Yudhoyono has said Indonesia will continue to improve its investment climate as the country strives to attract private sector participation to jointly develop its infrastructure.
He said his administration had put in place a number of new regulations, including the revision of a presidential decree which allows greater access for private sector participation in infrastructure.
Dr Yudhoyono was speaking at the Asia-Pacific Ministerial Conference on Public-Private Partnership on Infrastructure Development.
Indonesia is expected to increase the development of roads, ports, airports and power plants to boost its economic growth in the next five years.
To meet the demands, the World Bank estimates that Indonesia needs US$50 billion a year or about 10 percent of its GDP.
Currently, Indonesia is only able to set aside 4 percent of its GDP for infrastructure spending.
The five-day conference is expected to find ways to promote greater collaboration between the two sectors. - CNA/de
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