Prime Minister Announces Infrastructure Funding for Indonesia
(firmenpresse) - ANTALYA, TURKEY -- (Marketwired) -- 11/15/15 -- Prime Minister''s Office
Introduction
The Prime Minister, Justin Trudeau, today announced $14.25 million in funding to strengthen infrastructure development in Indonesia, in order to promote sustainable economic growth and reduce poverty in the country.
Canada is partnering with the World Bank, through the Accelerating Sustainable Public-Private Investments for Infrastructure Renewal (ASPIRE) project, to assist Indonesia in preparing the legal and regulatory groundwork required for critical public-private partnership (P3) infrastructure projects. This includes the establishment and operationalization of a P3 Centre in Indonesia.
The announcement was made on the margins of the G20 Leaders'' Summit, following the Prime Minister''s bilateral meeting with Indonesian President Joko Widodo.
Quotes
"Canada''s economic growth was made possible by building ambitiously. Our government believes that modern infrastructure is one of the key ingredients of a healthy economy-it creates jobs, makes economies more competitive, and strengthens our communities. With the project announced today, Canada will help Indonesia kick-start some critical infrastructure projects, promoting employment and growth, and reducing poverty." - Rt. Hon. Justin Trudeau, Prime Minister of Canada
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Backgrounder
The Prime Minister, Justin Trudeau, announced today that Canada is contributing $14.25 million over four years (2015-2019) to the Accelerating Sustainable Public-Private Investments for Infrastructure Renewal (ASPIRE) project. The initiative, which is being undertaken with the World Bank, will strengthen public-private partnerships (P3s) in Indonesia, stimulating sustainable economic growth in the country and reducing poverty.
More specifically, the project will help lay the legal and regulatory groundwork for P3 development of critical Indonesian infrastructure projects that are identified as bankable, high-impact, gender-sensitive, and environmentally sustainable.
The initiative supports Indonesia''s connectivity agenda, including increasing access to markets and services, as well as a number of the country''s infrastructure goals.
Today''s announcement builds on Canada''s initial $5 million contribution to the establishment of Indonesia''s Public Private Partnership (P3) Centre at the 2013 APEC Leaders'' Summit in Bali. The Centre will act as the country''s lead agency in P3 preparation and financial structuring. As an APEC-driven initiative, the Indonesia P3 Centre receives support from the APEC P3 Expert Advisory Panel and serves as a pilot for the development of P3s across the region.
Canada is a leader in P3 policy development, and is already providing technical support to select Asian governments, in order to enable an environment for P3s and lay the foundation for commercially viable infrastructure projects. These investments could provide opportunities to mobilize increased Canadian investment in these emerging markets.
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Datum: 15.11.2015 - 01:11 Uhr
Sprache: Deutsch
News-ID 1399522
Anzahl Zeichen: 3440
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