Aviation Boom in Indonesia

[quote]By Shayne Heffernan[/quote]

Indonesia is ready to operate 12 new airports across the country as part of a plan to boost economic growth, a minister said on Tuesday.

“The government will start operating nine new airports in the eastern part of Indonesia and three more in the western part in 2014 and 2015,” Transportation Minister E.E.Mangindaan said on Tuesday.

Mangindaan said the new airports included the long-overdue Kuala Namu International Airport in North Sumatra and the Waisai Raja Ampat airport in Papua.

The minister said the plan would help accelerate the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development (MP3EI).

President Susilo Bambang Yudhoyono has sought to accelerate projects focused on revitalizing services and developing new infrastructure. Last year, the Yudhoyono inaugurated eight projects, all part of the MP3EI, with a total investment value of $15.8 billion ($1.7 million).

The projects include a floating storage and regasification unit in West Java; enhanced oil recovery projects from Pertamina EP, Pertamina Hulu Energi and Pertamina EP Cepu; and gas processing plants in Sungai Kenawang and Pulau Gading.

MP3EI is a 15-year, Rp 4,000 trillion infrastructure blueprint.[]

livetradingnews.com

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