Jakarta seeking private money to help fund expansion

Jakarta

THE newly installed government of Jakarta Governor Anies Baswedan is considering a dramatic increase in the use of private money to help fund expansion at the city's state-owned companies as well as infrastructure.

The Indonesian capital will seek private funds in as many as a dozen state-owned enterprises and infrastructure projects worth between US$1 billion and US$1.5 billion, deputy governor Sandiaga Uno said in an interview with The Business Times.