The Coordinating Minister for Infrastructure and Regional Development recently announced that the government is seeking private sector investment to participate in the construction of the Giant Sea Wall project. The project aims to protect the northern coastal areas of Java Island from land subsidence and tidal flooding. The project financing adopts a Public-Private Partnership (PPP) model and does not rely entirely on the state budget.
The government estimates that the protection scope will cover the northern coast industrial zones and Special Economic Zones, ensuring the safety of 15 million residents, and is capable of addressing annual land subsidence of 5-10 cm and frequent tidal flooding. He stated that discussions have been held with several domestic and foreign investors, but specific investment targets and the list of participating countries have not yet been announced.
Currently, the project is still in the feasibility study phase, with the government refining technical details and financing plans. This project is a core infrastructure initiative for Indonesia to address climate change. Once completed, it will protect industrial assets worth tens of billions of dollars and create tens of thousands of jobs.
The Coordinating Minister for Infrastructure and Regional Development recently announced that the government is seeking private sector investment to participate in the construction of the Giant Sea Wall project. The project aims to protect the northern coastal areas of Java Island from land subsidence and tidal flooding. The project financing adopts a Public-Private Partnership (PPP) model and does not rely entirely on the state budget.
The government estimates that the protection scope will cover the northern coast industrial zones and Special Economic Zones, ensuring the safety of 15 million residents, and is capable of addressing annual land subsidence of 5-10 cm and frequent tidal flooding. He stated that discussions have been held with several domestic and foreign investors, but specific investment targets and the list of participating countries have not yet been announced.
Currently, the project is still in the feasibility study phase, with the government refining technical details and financing plans. This project is a core infrastructure initiative for Indonesia to address climate change. Once completed, it will protect industrial assets worth tens of billions of dollars and create tens of thousands of jobs.