Interested Nickel, Geothermal and Railways
JAKARTA-The government of Indonesia hopes the French company to invest up to 10 billion U.S. dollars. Investments will be made on the field, nickel mining, geothermal and trains. That's possible because until now only been there two new investment expected from France worth 5.175 billion U.S. dollars, which is on the nickel mines and railways.
"France is sure to build rail project in Bandung and its value is about 175 million U.S. dollars," said Coordinating Minister Hatta Rajasa in Jakarta, Friday (25/2), after talks with Minister of Economy, Finance, and Industry of France Christine Lagarde. Lagarde come with a delegation which among others consists of 40 French business leaders.
After meeting Hatta, Lagarde later met Finance Minister Agustin Martowardojo and Governor of Bank Indonesia Nasution.
According to Hatta, the French made sure to invest in building railways in Bandung Metropolitan Railway project. Projects that connects this Cicalengka Padalarang and siphon funds 175 million U.S. dollars.
French mining company, Eramet, also make sure to enter in the construction of the smelter (processing facility) of nickel in Halmahera, North Maluku. The value of investments to build the smelter is about 5 billion U.S. dollars, or around Rp 45 trillion.
To enter the industry, the French asked for Indonesia was willing to give up to 50-year operating license. However, Indonesia introduced the Indonesian investment rules which only give a business license for 30 years, but can be extended for 10 years.
"They're also very interested in geothermal energy and environment-based industries," he said.
Agus said the trade between Indonesia and France are still very small, about 2 billion U.S. dollars. There are about 100 French companies are already operating in Indonesia. The company, among others, Carrefour, Total, and AXA Insurance.
"In investing in Halmahera, the French company, Eramet, will work with Mitsubishi, Japan, and SOEs PT Antam. So, there are two investment agreements that will actually be realized with the French, "he said.
In a meeting with the Minister of Finance and central bank governor, Lagarde discusses the problem of global food price stabilization. Lagarde asked all state action alert to speculation over the price of food commodities.
Nasution said, it caused many commodity-based instruments in the financial markets in the form of derivative.(*)
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