Where will the investment go and how will international infrastructure players participate?
President Joko Widodo understands the link between infrastructure investment and economic growth. When first elected four years ago, he announced a US$350 billion infrastructure plan that promised to remove existing bottlenecks and improve access to infrastructure outside of the main island of Java.
This year, his government announced an even more ambitious plan for 2020 to 2024. More than US$400 billion will be spent across hundreds of projects. Twenty-five new airports are in the pipeline, as are power plants, waste-to-energy facilities and lots of mass transit projects. The plans also include developing the groundwork for a new capital city.