Thursday, June 4, 2015

Financing Infrastructure, the FSA Open Opportunities For Foreign

In order to accelerate infrastructure development projects, the FSA opens opportunities for foreign banks to participate. The government is encouraging the development of infrastructure projects that aim to be able to boost national economic growth better. Therefore, it takes an important role for the financial industry, especially banks to participate finance the project. So far, national banks had already participated in the development of the country infrastructure through lending in the sector. However, the government itself is still entirely dependent on the state-owned banks (SOE) to obtain financing in the construction project.

Chairman of the Board of Commissioners FSA, Muliaman D Hadad said, in the financing of infrastructure projects by the financial industry, the FSA did not rule out the possibility of foreign banks are allowed to participate finance infrastructure development projects launched by the government.

This is certainly in order to accelerate the realization of infrastructure development and national economic growth in the future. The condition was first supported by the signing of the cooperation between the FSA with the Banking Supervisory Authority of China or the China Banking Regulatory Commission (CBRC).

Furthermore, Hadad said that while cooperation between the FSA with CRBC does not specifically talk about the infrastructure program in Indonesia, but he insists, that is basically the infrastructure program in the hype-heralded this government, is open to anyone both local and foreign banks.

"The participation of the banks are welcome our infrastructure program is not specifically, but basically open to anyone," said Hadad, in Jakarta, Thursday, June 4th, 2015.

Hadad also hope that, with the co-operation between these two banking supervisory authorities, to provide convenience for the government in obtaining financing from foreign banks. "But hopefully this cooperation increasingly open to anyone and focus on long-term funding for infrastructure purposes," he said.

Yet amid these conditions, Member of House Commission VI, Refrizal ever asked two red plate company, PT Jasa Marga (Persero) Tbk and PT PP (Persero) Tbk to be wary of pressure from Chinese banks that are planning to fund infrastructure projects and national property.

"There are indications that there is pressure on Chinese banks that national banks were told to succumb to finance this project," said Refrizal.

If later Jasa Marga and PT PP take funding from banks from China, it is concerned that a number of projects will be done by staff originating from China. "Later, the Chinese bank will ask for the project and its maintenance is done by personnel from China," he said.

In fact, he added, so far many projects in Indonesia that have failed when held by China, such as for example the electric project of 10,000 Megawatt (MW). "It is feared. worry there is a failure, the lid Refrizal.

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