Heavy Equipment Indonesia (2008)
After years of being in the doldrums in the wake of the 1997/1998 monetary crisis, Indonesia’s heavy equipment industry began to revive in 2003. In 2004, sales were triggered mainly by the mining industry boom. The strong revival of heavy equipment business is also attributed to expanding agribusiness and forestry sectors. Furthermore, the construction industry began to grow in 2004. Meanwhile, the government has pursued infrastructure projects which required large numbers of heavy equipment. In the past eight years, sales of heavy equipment reached the highest level in 2007 with total sales of 7,506 units. The positive economic outlook for Indonesia in 2008 has created a mood of optimism among suppliers of heavy equipment. Agriculture, forestry, construction and mining sectors are expected to remain attractive markets for heavy equipment, driven by the expansion of forestry and agricultural plantations.
INDONESIA: US$ 2.65 billion Infrastructure Project Prioritization for 2012 – 2015
Indonesian infrastructure and service networks have not been developed or maintained in accordance with the booming, consumer-led economy that has been driving 6% growth for the past five years, causing multiple transaction costs and inefficiencies that hamper exporters and investors. The Master Plan for Acceleration and Economic Development (MP3EI) was created to address these needs in a systematic fashion, and this report highlights the project prioritization as detailed by local sources.
The Indonesia Master Plan for Acceleration and Economic Development (MP3EI) is an ambitious 15-year development plan with US$1 trillion in infrastructure development plan that includes several public–partnership tenders and will require almost US$700 billion in private financing.
Implementing the MPE3EI plan, the government has prioritized the development of infrastructure sector projects from 2012 – 2015 with estimated value of investment of US$ 2.65 billion in total.
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