Indonesia invites investors to finance giant seawall project

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The Coordinating Minister for Infrastructure and Regional Development has announced that the government is seeking private sector investment in the construction of the Giant Sea Wall project.The project aims to protect the northern coast of Java from the threat of ground subsidence and tidal flooding. The project's financing model is based onPublic-Private Partnership (PPP) model, not fully dependent on the state budgetThe

Government projectionsThe protection area covers the industrial zone and special economic zone on the north coast, guaranteeing the safety of 15 million inhabitants, and is able to cope with ground subsidence of 5-10 centimeters per year on average and frequent tidal flooding.He said he has been in talks with a number of domestic and foreign investors, but has yet to announce specific investment targets and a list of participating countries.

The project is still infeasibility study stageThe government is in the process of refining the technical details and financing options. The project is a core infrastructure for Indonesia's response to climate change and, when completed, willProtect tens of billions of dollars worth of industrial assets and create tens of thousands of jobsThe

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