Infrastructure Investment Nearly USD 30-Billion in 2023

Vietnam Plus are reporting that Indonesia’s Finance Minister, Sri Mulyani Indrawati, has disclosed that Indonesia allocated IDR 455.8-trillion IDR (approx. USD 29.4-billion) from the state budget for infrastructure investment in 2023 an increase of 22.2-percent compared to the IDR 372.8-trillion recorded in 2022.

Indonesia’s national news agency Antara News reported that the infrastructure budget was allocated to various ministries and institutions for diverse construction projects of public housing, irrigation networks, roads, and seaports, among others.

Local regions also received direct allocations for critical infrastructure projects like roads, bridges, drainage, and clean water systems. Further allocations went to the financing of the Trans-Sumatra toll road project and the construction of some 200,000 housing units, according to Vietnam Plus.

“This ensures infrastructure equity, present in everything from clean water, roads, bridges, and irrigation, to toll roads, airports, and seaports,” Indrawati stated as quoted by Antara News.

 

Source: Vietnam Plus, Antara News

Stock Photo by Tom Fisk on Pexels

The post Infrastructure Investment Nearly USD 30-Billion in 2023 appeared first on Invest Indonesia.

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