Business Data
Private Investment Sought For Madura Island Projects
The Indonesian government seeks private investors for development projects on the Madura Island. The first project involves a 15.3km toll bridge which will cost around IDR2.5trn (USD187.52mn). The bridge will allow access to a planned port, according to Herman Hidayat, acting head of the Surabaya-Madura Development Agency (the Jakarta Post). Other projects include a 2.5sq km port development project worth IDR17.2trn (USD1.3bn) at Bulu Pandan, a 540,000sq m central business district in Labang and a 3.57sq km industrial area in Klampis worth IDR6.6trn (USD495.05mn).
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Investment, Construction Activity To Remain Concentrated On Java | en |