16 April 2010 | Written by: Mohamed Hairul Borhan

Indonesia will continue to improve its investment climate as it strives to attract more private sector participation to jointly develop its infrastructure, said its President Susilo Bambang Yudhoyono.

Speaking at the Asia-Pacific Ministerial Conference on Public-Private Partnership on Infrastructure Development, he said his administration had already put in place a slew of new regulations to boost the sector.

This included a revision to a presidential decree which allows greater access for private sector participation in infrastructure.

According to the latest public-private partnership (PPP) book released by the country’s National Development Planning Agency, Indonesia will offer 100 public-private partnership (PPP) projects worth US$47.3 billion (S$65 billion*) in the 2010-2014 period.

This includes US$36 million worth of projects on marine transportation and another US$8.3 billion to develop toll roads, water supply, sanitation and solid waste management.

Indonesia currently only set aside 4 per cent of its GDP on infrastructure, much less than the required 10 per cent or US$50 billion a year estimated by the World Bank to meet its demands.

*Exchange rate correct as at 16 April 2010