Yogyakarta (ANTARA News) - Tadashi Maeda, Chief Executive Officer of Japan Bank for International Cooperation (JBIC), stated that the financial institution will be immediately increasing its aid for financing Indonesias infrastructure.

"The Japanese government seriously contributes to the development of infrastructure projects in Indonesia," Maeda said in a written statement received by ANTARA here on Friday.

Meanwhile, Darmin Nasution, Indonesian Coordinating Minister for Economic Affairs, said the country has placed the development of infrastructure projects as its top priority.

These projects are means to improve the competitiveness of national industry and create inclusive economic growth, he said.

"Indonesia continues to accelerate its infrastructure development. Therefore, we would like to invite JBIC to participate in the financing of these plans," the minister said.

So far, infrastructure projects that have gained financial support from JBIC include the construction of LNG Tangguh Train 3 worth US$1.2 billion and Batang Steam Power with a project value of $2 billion, among others.

In addition, JBIC will also help in the financing of Patimbang Port construction project and medium-speed railway connecting Jakarta and Surabaya, the minister noted.

"We hope these cooperation projects will be completed soon and bring great benefits to both the countries," Nasution said.

In addition to a meeting with Minister Darmin, Maeda will also meet several government officials, including Vice President Jusuf Kalla and Minister of Finance Sri Mulyani Indrawati, among others.(*)

Editor: Heru Purwanto
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