JAKARTA - Indonesia is set to propose 28 projects worth US$91.1 billion to Chinese investors on Wednesday as part of its participation in China's Belt and Road Initiative , a senior minister has said.
Luhut, however, declined to specify the projects as the Indonesian committee was still in discussion before choosing the ones deemed to have the most potential. The four locations, he said, were chosen as they all sit on the periphery of the archipelago, coinciding with President Joko"Jokowi" Widodo's ambition to develop the country from the outer areas.
North Kalimantan had proven to present huge potential for hydropower generation from its rivers, which would be perfect for aluminum smelters, he added.The investment chief also said the government considered that North Sulawesi being closer to China than any other location in Indonesia made it perfect for Chinese investors.
He said the first was that Chinese investors must only use environmentally friendly technologies for those projects as part of its commitment to maintaining the sustainability of all development projects in Indonesia. The third condition coincided with the previous one as the government required Chinese investors to transfer their knowledge of the technologies to their local partners through training programmes, he said.
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