Home Finance South Korea Grants for Indonesian Infrastructure Reach US $ 14 Million in...

South Korea Grants for Indonesian Infrastructure Reach US $ 14 Million in 2019

35
0

Jakarta – South Korea increased its grant assistance to Indonesia in 2019 to US $ 14 million higher than this year which was only US $ 5.1 million. This assistance is a manifestation of the South Korean government’s commitment to help infrastructure development in Indonesia.

South Korea’s Ambassador to Indonesia, Kim Chang-beom, revealed the South Korean government provided bilateral assistance in the form of increasing the grant.

“We will increase bilateral grant assistance for Indonesia, which is currently at US $ 5.1 billion. For next year, 2019, we will increase the amount of assistance assistance assistance to close to US $ 14 million,” he said after a bilateral meeting with the Minister of PPN / Bappenas, Tuesday (12/04/2018).

Kim said the main reason the South Korean government increased the grant was because South Korea felt increasingly emotionally close to Indonesia. “Indonesia and Korea are friends, and that is what we believe in,” he said.

In addition, he considered the current government is very focused on building infrastructure and all the needs to meet industry 4.0. Thus, he continued, South Korea was very committed to standing with Indonesia in resolving the issue.

Another reason, said Kim, was when President Joko Widodo’s visit to South Korea at the invitation of South Korean President Moon Jae-in last September, the two heads of state had discussed many relevant issues in industrialization and building the Indonesian economy. “So, all efforts to increase bilateral grant aid are in accordance with that context,” he said.

He continued, the assistance would focus on building a smart transportation system and building LRT capacity which is currently under construction.

“Indonesia needs maintenance and operational capabilities, so Korea has little advantage in operating LRT and MRT. We will work with DKI Jakarta and the Minister of Transportation in operating and building capacity for the LRT,” he explained.

In addition, this grant is also to help deal with the national complaints system, S4N and collaboration with UNDP.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.