Govt To Build 120 Industries To Support MP3EI

Jakarta (Antara Bali) - Industry Minister MS Hidayat said the government would build around 120 industries in 2012 to support the implementation of Indonesia's Economic Development Acceleration and Expansion  Master Plan (MP3EI), especially in Java.

"In  the Java corridor, the  focus will be on toll road and industrial center development. All programs are downstream and I myself will lead development in the second corridor of Java. More than 120 industries are ready for groundbreaking in 2012," he said here on Tuesday.

Investment meanwhile was estimated to be higher than initially predicted and the government had admitted the rise in the need for investment for the development of the six economic corridors.

"Indeed it is higher than initially predicted, far higher," the chief of the Task Force for the Java Corridor of the MP3EI, Dedy Priatna said not long ago.

Dedi said  investment in the Java corridor would be needed for the development of food and beverage industries, motor vehicle and car industries and ship building industries.

In connection with that he would re-confirm and ask again the  commitment of businesses or private sectors with regard to seek clear information about their investment.

Infrastructure development projects in the 2012 MP3EI would cost Rp350.1 trillion and ground breaking would be done on 73 of them.(**/T007)