Friday, October 18, 2024

State Asset Management Institute (LMAN) contributes toward infrastructure growth with IDR 98.103 trillion investment in national project

Reading Time: < 1 minute
Julian Isaac

Journalist

Mahinda Arkyasa

Editor

Interview

The State Asset Management Institute (LMAN) from 2017 to August 2023 has spent IDR 98.103 trillion for land acquisition for 52 toll roads.

Currently, it is known that 52 toll roads are included in the list of National Strategic Projects (PSN) determined by the government.

The realization of these funds has reached 84.5% of the total allocated funds worth IDR 119.3 trillion.

LMAN is also known to have used these funds to acquire land for a number of other PSNs.

In acquiring land for the dam project, funds worth IDR 12.352 trillion have been disbursed for the construction of 38 dams.

Meanwhile, in making irrigation, LMAN has spent IDR 620 billion for 5 PSN. However, it doesn’t say what the project is.

On the other hand, other PSNs are also funded by land acquisition from LMAN such as the construction of railway lines, worth IDR 3.124 trillion over the last 6 years.

Meanwhile, IDR 800 billion has been disbursed for land procurement for port construction.

Meanwhile, for the development of the National Tourism Strategic Area (KSPN), the land acquisition process used funds worth IDR 85 billion.

Meanwhile, other PSN land acquisitions are also funded by LMAN, such as the construction of the National Capital City (IKN) with funds worth IDR 724 billion having been distributed.

Julian Isaac

Journalist

Mahinda Arkyasa

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

A report by a coalition of civil society organizations has alleged that a number of global liquefied natural gas (LNG) projects financed by Japan Bank for International Cooperation (JBIC) had impacted the environment and ivelihood of the surrounding communities.
State telecommunication company PT Telkom Indonesia (TLKM) has launched its 25th data center, NeuCentrIX, in Pugeran, Yogyakarta, the second NeuCentrIX center in the city after  previous establishment in Kotabaru.
Xurya, a company offering a no upfront-cost solar power plant (PLTS) leasing scheme, announced that it has completed nearly 200 solar power projects with a total capacity exceeding 100 megawatts (MW).
State-owned gas distribution company PT Perusahaan Gas Negara (PGN) is nearing the finalization of the initial design phase for the Tegal-Cilacap distribution pipeline project, a company executive says.
State energy company PT Pertamina has set up partnership with two Japanese energy companies, JOGMEC and JAPEX, to develop Carbon Capture, Utilization, and Storage (CCUS) technology to contribute for the achievement of Indonesia’s net zero emission target.
PT PLN (Persero) and PT PLN Energi Primer Indonesia (PLN EPI) have signed a memorandum of understanding (MoU) to utilize company-owned land for the construction of gas infrastructure.