Wednesday, 20 June 2018 | 05:06 WIB

Unrealized Investment Projects in Indonesia Reaches IDR1,000 Trillion

Rupiah

JAKARTA, NNC - Throughout 2010 to 2017, there were 190 investment projects that have not been realized. The value of the project reached IDR351.19 trillion and US$ 54.6 billion equivalent to IDR737.1 trillion. 

Special Staff of the Coordinating Ministry for the Economy, Edy Putra Irawadi, said the investment has entered the data of the Investment Coordinating Board (BKPM).

If added, it means IDR351.19 trillion plus US$ 54.6 billion or equivalent to IDR737.1 trillion (exchange rate: IDR13,500/US dollar) totalling at around IDR1,088 trillion.

Edy added, the spread was still dominated by Java which is about 51 projects, Sumatra 35 projects, Borneo 26 projects, Sulawesi 24 cases, and the rest were spread in other areas.

"We want these projects to be realized quickly to increase the number of income and so forth," said Edy in Jakarta, Monday (1/11/2018).

To speed up the realization of these projects, Edy said, there should be no sectoral ego between Ministries and Institutions. All permissions and affairs are done with a one-stop system.

"We can solve it with the mandate plan, for example in the Ministry of Communications and Informatics can provide a mandate to the Head of BKPM, granting of permission can be accelerated accelerated, there should be no sectoral ego," he explained.

In addition, another effort is to combine the Task Force of the Economic Policy Package and the Task Force on Acceleration of Entrepreneurship.

Edy also said that in this year there are new investments in 2017, amounting to 90 projects with a value of US$42 billion, up 23 percent compared to 2016 or worth up to US$34.5 billion.