Indonesia Needs $157 Billion for Infrastructure Plan

Widodo looks to private sector, China for infrastructure funds
Cash-strapped government has committed just $15 billion

An elevated track for the Jakarta Mass Rapid Transit (MRT) stands under construction as vehicles travel along a highway in this aerial photograph taken in Jakarta, Indonesia, on Sunday, Aug. 13, 2017. President Joko Widodo is seeking hundreds of billions of dollars to finance an ambitious infrastructure agenda and to boost growth to 7 percent.Photographer: Dimas Ardian/Bloomberg

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By Karlis Salna

January 25, 2018 at 9:00 PM UTC

Corrected

January 31, 2018 at 4:56 AM UTC

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Indonesian President Joko Widodo is still chasing some $150 billion to fund his ambitious nation-building agenda, almost half-way into a five-year infrastructure plan.

The government has so far received pledges for just over half the funds needed to help develop the road, airport and railway projects planned in a $327 billion pipeline, latest government figures show. Just $15 billion has come from the state budget, with the bulk committed by private investors, including from China.