Dutch Firm to Build $400m Bridge Over East Nusa Tenggara's Larantuka Strait
Jakarta. The government has sealed a $400 million deal with Dutch construction firm Tidal Bridge to build the Pancasila Palmerah Bridge in East Nusa Tenggara, a senior official said in a statement on Friday (22/04).
The suspension bridge will span the Larantuka Strait to connect Flores and Adonara Island. The bridge will also be equipped with turbines that will be able to generate up to 30 megawatts of electricity per hour from tidal waves.
East Nusa Tenggara Governor Frans Lebu Raya said earlier that the government plans to break ground on the project in December. The bridge will be 1.3 kilometers long, with about 800 meters suspended over the strait.
The deal is part of four worth more than $600 million that were reached with Dutch companies during a bilateral business forum in The Hague, on the sidelines of President Joko Widodo's state visit. Other deals include a solar panel production plant worth $185 million and human resources development in Indonesia's maritime industry, worth $11.2 million.
Indonesian food conglomerate, the Salim Group, and a Dutch joint venture East-West Seed Indonesia also sealed a $10 million to develop potato seeds that can improve yields.
"The deals establish the Netherlands as one of Indonesia's main sources of investment," Investment Coordinating Board (BKPM) chairman Franky Sibarani said.
Joko delivered a speech on the Indonesian government's efforts to boost the economy through infrastructure development and investments at the forum, which was attended by 300 businesses.
Franky, who also attended the forum, made a presentation on Indonesia's progress in improving ease of investment.
"The BKPM is now a one-stop shop for investment. Dutch investors can come to the BKPM to receive all related services," he said.
According to the BKPM, Dutch investment in Indonesia amounted to Rp 70 trillion ($5 billion) between 2010 and 2015.