Browsing: Indonesia

Indonesia preps US$40 billion for a metro to rival Singapore’s

(Bloomberg) — Indonesia is preparing to spend about US$40 billion to extend Jakarta’s metro network, a bigger-than-expected outlay that’s poised to boost the country’s construction companies and reignite a rivalry between China and Japan over building


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Indonesian Bakrieland, Chinese Developer Plans to Build US$350M Jakarta complex

JAKARTA– PT Bakrieland Development Tbk (IDX: ELTY), controlled by billionaire Aburizal Bakrie team up with China’ Construction First Group Corp. (CCFG) has plan to build a US$350 million residential and commercial complex in Jakarta. Last year, the


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$70 Billion Toll-Road Plan to Connect Indonesia’s Sprawl

Indonesia President Joko Widodo is planning an unprecedented $70 billion splurge on toll roads to help connect the most strung-out country on the planet. It’s almost the equivalent of laying bitumen from New York to San


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Japan’s Inpex to build $18bn onshore LNG project in Indonesia

Japanese energy company Inpex is expected to agree in principle a deal with the Indonesian government to build an $18.4bn liquid natural gas (LNG) plant in the eastern Indonesian province of Maluku (pictured), the Nikkei Asian


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Crown Group Plans $1bn Waterfront City in Jakarta

Sydney-based developer Crown Group has unveiled its latest residential project, a $1 billion mixed-use waterfront resort which will feature a marina, beach club and dining precinct. The 9,000sq m development, located at the popular seaside destination


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Indonesia Searches For New Capital City As Jakarta Slowly Sinks

In the Indonesian capital of Jakarta, an exploding population has dramatically lowered standards of sanitation. Overcrowding has created a near-constant state of traffic gridlock and the city’s buildings are slowly sinking into the marshlands upon which


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Subway first step in easing Jakarta congestion

With about 1.4 million people commuting in central Jakarta on work days, the Indonesian capital needs more lines to make an impact on traffic. Commuting in Indonesia’s gridlocked capital will for some involve less frustration, sweat


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Jakarta plans $10bn waterfront airport

The Indonesian government has announced plans to build a $10bn international airport outside Jakarta to accommodate a surge in demand as the country’s economy continues to grow at a steady 5%. The project is expected to


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Japanese-Indonesian team to take on Java port project

Shipping hub near Jakarta aims to speed up gridlock-prone logistics network JAKARTA — Three Japanese and two Indonesian companies are set to win a $1.2 billion contract to build a port in West Java, Indonesia’s Ministry


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Indonesia expected to spend $19bn on infrastructure projects

JAKARTA: Indonesia’s chief economic minister said on Monday that 14 infrastructure projects, worth 264 trillion rupiah (US$19.17 billion), are expected to be dropped from the government’s strategic development plan due to lack of progress. These projects


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