Indonesia is seeking to spur much-needed investment in infrastructure projects to revive its pandemic-battered economy with the launch of a sovereign wealth fund.
The government got the ball rolling last week with a pledge to inject up to US$5.3 billion in initial capital between now and the end of the year.
Some of the priority projects include the construction of toll roads, airports and seaports, which could open more access to less-developed regions, especially on the eastern part of the archipelago. This would help spread development more evenly instead of having it concentrated on the main island of Java on the western part of the archipelago.
“The priority will be the infrastructure sector. We have a lot in the pipeline although we can’t disclose them yet. The toll road projects will be the first ones and other projects will follow suit,” Ridha Wirakusumah,…
