Indonesia to Complete $407 Billion National Strategic Project by 2024

TheIndonesia.co - Coordinating Minister for the Economy Airlangga Hartarto said the construction of 208 projects and 10 programs of National Strategic Projects (PSN) with an investment value of IDR 5,698.5 trillion ($407 billion) is targeted for completion in the third quarter of 2024.

"The government continues the PSN, which has 208 projects and 10 programs with a value of IDR 5,698 trillion. It is hoped that the construction will be completed in the third quarter of 2024," he said at the National Seminar on Regional Economic Acceleration to Stimulate National Recovery in Jakarta, Tuesday, February 8, 2022.

The 208 projects consist of 56 roads, 57 dams, 19 areas, 16 railways, 15 energy, 16 ports, 12 water and sanitation, two housing estates, eight airports, nine irrigations, one education, one coastal embankment, and one technology. "Especially for the oil and gas sector, construction will start no later than the third quarter of 2024," he said.

The 10 programs include access to toll exits, smelters, electricity, food supply, economic equity, waste processing installations, strategic tourism areas, border areas, superhubs, and regional development.

He explained that the various PSN programs and projects are spread across regions in Indonesia, including 44 projects in Sumatra with an investment value of Rp 778.4 trillion and 16 projects in Kalimantan to Rp. 505.8 trillion. Then 84 projects and one program in Java Rp1,969.8 trillion, 18 projects in Bali and Nusa Tenggara Rp58.61 trillion, 22 projects in Sulawesi Rp276.9 trillion, nine projects in Papua and Maluku Rp566.6 trillion and 12 projects and nine programs spread nationwide Rp1,542.4 trillion.