China will lend 2 billion USD to Indonesia
05.04.2010
China has agreed to lend US$2 billion (S$2.8 billion) for infrastructure investment in Indonesia, deemed vital to achieving the country's growth target of seven per
cent a year by 2014. Growth last year was 4.5 per cent.
Chinese Prime Minister Wen Jiabao will visit Indonesia from April 23 to 24 for talks focusing on infrastructure investment,
Coordinating Minister for Economic Affairs Hatta Rajasa said on Monday.
Indonesia (2) -- Analyses -- 2010
More about the deal
05.04.2010
Beijing will give Jakarta US$1.8 billion worth of preferential export buyer's credits as well as a concessional loan of US$263 million,
Trade Minister Mari Pangestu said Saturday after meeting Chinese Minister of Commerce Chen Deming.
Indonesia plans to spend US$140 billion in the next five years to improve its poor infrastructure such as toll roads, bridges, ports and power stations.
Six new projects approved by Indonesia and China include the Parit Baru thermal power plant and Tayan Bridge in West Kalimantan,
the Medan-Kuala Namu toll road in South Sumatra and the Cileunyi-Sumedang-Dawuan toll road in West Java, the state-run Antara news agency said.
Bulgarian