Indonesia, Japan Finalize $24 Billion Infrastructure Deal

Jakarta. Indonesia and Japan signed an agreement on Friday to build infrastructure valued at up to 2 trillion yen ($24 billion) in Jakarta as the Southeast Asian nation seeks to improve transport links to spur economic development. 

Projects under the agreement include a mass rapid transit system to serve the Greater Jakarta metropolitan area, developing power plants and a clean water supply, Hatta Rajasa, Indonesia’s coordinating minister for the economy, said in a statement. 



Hatta signed the agreement with Japanese Foreign Minister Seiji Maehara in Bali. Development is expected to start in 2013. 

The proposed mass rapid transit system in Jakarta will have a 110 kilometer-long track network, according to MRT Jakarta, the company overseeing the construction.  


Bloomberg