Turkey eyes Indonesian infrastructure projects, new capital development

first_imgTopics : The Turkish government and businesspeople have expressed their interest in building infrastructure in Indonesia, including for the new capital city to be developed in East Kalimantan.Turkish Ambassador to Indonesia Mahmut Erol Kilic said only a few dozen Turkish companies were operating in Indonesia despite the latter being the world’s 16th biggest economy and the largest in Southeast Asia.“Of course, we have more capacity than this, especially in the field of constructon, as Turkey had really successful projects in Astana, in Doha and in many other [places],” he said during the Turkey-Indonesia contracting sector business forum, which was held online on Tuesday. “We are eager to enter the Indonesian market.” Indonesia’s infrastructure development has captivated Turkish contractors as they are eager to expand their market in Asia after being involved in many projects in Eurasia and the Middle East.“We would like to diversify our market; we would like to find new markets, and we are more focused on Indonesia and the Phillipines,” Turkish Trade Minister Ruhsar Pekcan said in the same event.Turkish Contractor Association (TCA) data show that South Asia and Far East countries contributed only 3 percent to the more than 10,000 projects worth $403 billion in 127 countries that the association’s members have had from 1972 up until May.“We hope our contractors can take part in [more Indonesian projects], especially with regard to moving the capital city. Our engineers and constructing companies are very much willing to take part in such projects,” said Pekcan.  In addition, Turkish companies were interested in toll roads, energy facilities, waterworks and transportation-related infrastructure, he added.Public Works and Housing Minister Basuki Hadimuldjono encouraged both countries to have follow-up working groups to talk further about possible cooperation, such as on the trans-Sumatra toll road and water dam projects.  “This is the opportunity for Turkish contractors to come and participate in constructing the toll road, either as contractors or as investors through public-private partnerships,” said Basuki.He also invited Turkish architects to see the new capital’s urban planning design and welcomed future discussions.Indonesian Ambassador to Turkey Lalu Muhammad Iqbal said it was the right moment to tighten bilateral ties as the Indonesia-Turkey trade volume was quite small at only $1.6 billion in 2019.Meanwhile, Investment Coordinating Board (BPKM) data show that Turkey’s total direct investment to Indonesia amounted to $24.8 million last year, placing Turkey 29th on the list of foreign direct investors. center_img Indonesia has been extensively developing infrastructure in the last five years to help support its economic growth. Public Works and Housing Ministry data show that the government has built 1,500 kilometers of new toll roads, 3,867 km of other roads, 58,346 meters of new bridges and 61 water reservoirs during the period of 2015 to 2019.According to the ministry, Indonesia plans to add 2,500 km of toll roads, 3,000 km of other roads, 60,000 m of bridges and 35,000 m of overpasses and underpasses from 2020 to 2024.Indonesia currently has 223 key national projects worth around Rp 4.2 quadrillion (US$295.25 billion) on its priority list, ranging from seaports and airports to special economic zones and priority tourist destinations. Recently, the government announced a plan to add another 89 projects to the list for the next five years. It also plans to move its capital city from Jakarta to North Penajam Paser in East Kalimantan, with construction to begin in 2021 and estimated to cost Rp 466 trillion.last_img read more

Mullins aims for World domination

first_img The list is headed by Nick Williams’ Reve De Sivola and the Nicky Henderson-trained Oscar Whisky, while the latter’s stablemate Oscara Dara could also take part. Paul Nicholls is favouring the race for Coral Cup favourite Wonderful Charm, who was a hugely impressive winner on his British debut in the Persian War Novices’ Hurdle at Chepstow in October. Speaking in his Betfair column, the trainer said: “We have given it a lot of thought and if the ground stays dry from Monday onwards, it is now highly likely – but not definite – that Wonderful Charm will take his chance in the World Hurdle. “I think the horse could just be up to running a big race. We just don’t know how good he is, as he hasn’t been able to tell us on the racecourse yet. My instincts tell me he is very good.” Eleven horses have stood their ground for the Ryanair Chase and they include Sizing Europe, although Henry de Bromhead has an alternative in the Queen Mother Champion Chase. The Mouse Morris-trained First Lieutenant is another potentially strong contender from Ireland, if he takes up the engagement instead of the Cheltenham Gold Cup. The home team is headed by Cue Card, who is heading for the race as Colin Tizzard in keen to avoid Sprinter Sacre. The trainer said: “He’s in brilliant form. He’ll stay in the Champion Chase in case something went wrong with Sprinter Sacre.” Willie Mullins has five horses among 18 confirmed for the Ladbrokes World Hurdle at Cheltenham next week. Ireland’s champion trainer has left in Back In Focus, Fiveforthree, So Young, Zaidpour and Quevega, although the latter is on course to tackle the OLBG Mares’ Hurdle earlier in the week. Also among the confirmations are the Charles Byrnes-trained Solwhit and Tony Martin’s smart nine-year-old Bog Warrior. center_img Press Associationlast_img read more