Sign up | Log in



Home  >>  Daily News  >>  Indonesia News  >>  Investment  >>  Indonesia to spend big on fiber optic project

NEWS UPDATES 17 November 2009

Indonesia to spend big on fiber optic project

Related Stories

November 14, 2009
Indonesia state energy firm to spend $4bn in 2010

November 15, 2009
China promises investment in Indonesian infrastructure

November 14, 2009
Indonesia state energy firm to spend $4bn in 2010

November 12, 2009
US investors see Indonesia’s infrastructure the most attractive

November 11, 2009
Indonesian flag-carrier sets aside $100m for expansion

Indonesian Communication and Information Minister Tifatul Sembiring said Monday that the government would push for the commencement of the Palapa Ring fiber optic project for Eastern Indonesia by the end of this month, reported the Jakarta Post.

Tifatul said that President Susilo Bambang Yudhoyono would launch the Palapa Ring project on November 30. The Palapa Ring project aims to lay a 11,000-kilometer-long fiber optic cable in eastern part of Indonesia.

"This project is part of our ministry's 100-day programs," Tifatul was quoted by Antara as saying in Cibubur, Jakarta.

The consortium of investors for Palapa Ring project has complained about the lack of funding and government support for the project. The consortium members have shrunk to three telecom operators, from the original six. They include PT Telkom, PT Indosat and PT Bakrie Telecom.

Consortium members have committed to investing a total of $150 million for the project, of which $90 million from Telkom and $30 million each from Indosat and Bakrie.

Rakhmad Hidayat, chairman of the consortium, said the consortium would need additional funding, and therefore would ask for the government's involvement in the project, either as an investor or through incentives.

Tifatul said that his office was currently in talks with the Finance Ministry over the possibility to provide incentive supports for the project.


Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below 





1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2017 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand