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Indonesia to Boost Financing for Roads and Airports

PT Indonesia Infrastructure Finance plans to raise by at least 60 percent the funding that the government-backed company provides to help build roads, power plants and airports in Southeast Asia’s largest economy.

The financial institution will increase loans this year to more than 4 trillion rupiah ($347 million), from 2.5 trillion rupiah last year, its President Director Sukatmo Padmosukarso said in Jakarta on May 2. Padmosukarso is meeting potential investors in Singapore today and then in Japan and Hong Kong on a roadshow, he said.