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Indonesia seeks $60b in Belt and Road projects

20 12 9
06.12.2018

IN a bid to capitalise on Beijing’s Belt and Road initiative, Indonesia is vying to secure up to US$60 billion from Chinese investors despite widespread international concern of the Asian superpower’s so-called debt trap.

Ridwan Djamaluddin, the deputy for infrastructure at Indonesia’s Coordinating Ministry for Maritime Affairs, said Jakarta has been in “structural communication” with Beijing since last year on the prospect of infrastructure peojects worth a combined US$50 billion to US$60 billion.

In an interview with Reuters, Ridwan said Indonesia has proposed potential projects across the archipelago, while officials and experts from China have visited various regions to identify projects to fund.

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© Asian Correspondent