The Asian Infrastructure Investment Bank (AIIB) offered loans of US$1 billion for tourism, airports, ports, bridges and hydro power projects. Minister of Public Works and Public Housing Basuki Hadimujono said So far, he said, three projects of his ministry have been funded by AIIB namely irrigation ($250 million), water supply ($125 million) and a slump areas ($216.5 million).
This time, Hadimuljono explained, the government offered several projects such as the development of tourism areas in the Mandalika in Lombok, Water Supply Jatigede in West Java and long-span bridge facility in the area of Kalimantan.
All the projects offered are part of the National Strategic Projects. The average term of the loan is given between 30 to 40 years. Of the $1 billion, $355 million for bridge projects, Central Kalimantan highway at $250 million, the development of water supply procurement system in Jatigede $140.62 millions, also supply and water treatment program of $50 million.