Banjarmasin, South Kalimantan, (Antaranews Kalsel) - Coordinating Minister for Economic Affairs Hatta Rajasa said investment in MP3EI, the Indonesian Economic Development Acceleration and Expansion Master Plan projects in Kalimantan is the nation`s second largest, after that in Java.
"It`s proof that national development does not focus only on Java," Minister Rajasa said, while accompanying President Susilo Bambang Yudhoyono during a groundbreaking ceremony of MP3EI projects in South Kalimantan on Wednesday.
Since it was launched in 2011, the total investment in projects that have begun has reached Rp737.9 trillion, spread out over 259 projects.
Of these 259 projects, 104 are projects in the real sector and 22 in the economic field, with a priority on 155 infrastructure projects.
These projects have been distributed in the six MP3EI economic corridors, including Rp276.8 trillion in the Java corridor, Rp112.3 trillion in the Sumatra corridor, Rp178.1 trillion in the Kalimantan corridor, Rp23.6 trillion in the Sulawesi corridor, Rp47.6 trillion in the Bali-Nusa Tenggara corridor, and Rp99.5 trillion in the Papua and Maluku Islands corridor.
Some 24.6 percent of the projects are being handled by state owned enterprises (BUMN), 34.5 percent by the private sector, and 11.9 percent by the government, while 29 percent are joint venture investments.
Almost 60 percent of the projects are located outside Java Island. The 3,4,5, and 6 corridors are aimed at distributing development projects evenly and fairly throughout Indonesia, the minister said.
The MP3EI is also expected to improve connections between Indonesia`s regions and create job opportunities to improve the public`s welfare, he added.
The government has been working on reducing the long and complicated bureaucratic process for the smooth implementation of the MP3EI projects, he said.
President Yudhoyono is in South Kalimantan for the ceremony at the beginning of ten projects worth Rp11.3 trillion.
