Tempo is reporting that the Indonesian Government has identified 14 new national strategic projects (PSNs) in a range of sectors in a bid to actualize equitable development in the country.

Haryo Limanseto, spokesperson of the Economic Affairs Coordinating Ministry said that the projects are of enormous investment value and will bring about far-reaching economic impacts through the sectors of transportation, infrastructure, energy, health, and telecommunication.

“The PSNs encompass not only physical infrastructure, as the projects are also meant to ensure an equitable economy, ample food stocks, as well as developments in border regions, technology, tourism, and education,” he said in a statement received from his office on Sunday (24/3/24,) adding that the development of the 14 new PSNs is fully funded by capital invested by private actors, Tempo is reporting.

He also noted that the government had initially coordinated with relevant stakeholders and conducted thorough studies before determining the new PSNs.

According to Limanseto, the newly announced projects are in the Riau Islands, Banten, Jakarta, West Java, East Java, East Kalimantan, Central Sulawesi, and Southeast Sulawesi involving eight industrial zones; two tourism zones; two toll roads; one educational, research, technology and health zone; and one offshore oil and gas project.

Among the projects is the development of an area of 1,756 hectares of land envisioned as a green tourism destination called Tropical Coastland in Pantai Indah Kapuk 2 area in Banten Province, according to Tempo.

The tourism project is worth IDR 65 trillion (USD 4.1 billion) of investment and is projected to absorb almost 20,000 workers.

Another newly announced PSN is the development of a special economic zone (SEZ) on 59.6 hectares of land situated within Bumi Serpong Damai (BSD) satellite city in the same province. The project is expected to draw investment worth IDR 18.54 trillion (USD 1.1 billion).

The planned SEZ, expected to empower 10,000 workers, is designed as a center for education, medical research, the digital economy, technological developments, and healthcare, which is expected to drive developments in medical and biomedical services forecast to generate IDR 5.6 trillion (USD 350 million) of foreign exchange, says Tempo.

 

Source: Tempo

Stock photo by Muhammad Adib on Pexels 

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