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November 28, 2020, 03.31 PM

JAKARTA, – A decision has been reached about Indonesia’s national strategic projects (PSC) with an investment value of Rp 4.809,7 trillion.

The Indonesian government has signed off on 201 projects and 10 programs across 23 sectors as per Presidential Law Number 109 Year 2020.

The projects and programs will be funded by the State and Regional Budgets, state-owned enterprises, and/or the private sector.

“Presidential Law Number 109 Year 2020 encompasses 201 PSN and 10 programs which are essential in driving growth of the Indonesian economy and achieving equitability,” stated Airlangga Hartanto, Indonesian Coordinating Minister for Economic Affairs.

Read also: Jokowi Sends Mission Overseas to Market Indonesia as Investment Destination

Indonesia’s national strategic projects have increased the number of programs planned to be developed which had previously been set to 3.

The programs include the Electricity Infrastructure Development Program, Equitable Economy Program, Underdeveloped Areas Development Program, and the Exit Toll Roads Development Program.

There is also the Strategic National Tourism Area Program Smelter Development Program, Food Estate Program, the Waste-to-Energy Installation Program, the Superhub Development Program, and the Acceleration of Regional Development Program.

Additional aspects that have been revised on the latest presidential law are concerning increasing investment and creating job opportunities.

Read also: Up to 13M Jobless Estimated in Revised Outlook on Indonesian Labor Force


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