Presiden Prabowo Subianto resmi mengeluarkan kebijakan penghentian proyek-proyek infrastruktur, salah satu proyek jalan tol baru alias disetop terlebih dahulu. Alasan pemerintah, pembangunan jalan tol dan infrastruktur lainnya harus melihat kemampuan Anggaran Pendapatan dan Belanja Negara atau APBN 2025.
Presiden tidak ingin terjadi pembengkakan anggaran akibat proyek-proyek jalan tol baru. Fokusnya di 2025, mengalokasikan anggaran untuk program bermanfaat besar bagi masyarakat. Apakah beban APBN untuk infrastruktur semakin berat? Dan bagaimana solusi pembiayaan proyek-proyek infrastruktur tanpa membebani APBN?
Presiden tidak ingin terjadi pembengkakan anggaran akibat proyek-proyek jalan tol baru. Fokusnya di 2025, mengalokasikan anggaran untuk program bermanfaat besar bagi masyarakat. Apakah beban APBN untuk infrastruktur semakin berat? Dan bagaimana solusi pembiayaan proyek-proyek infrastruktur tanpa membebani APBN?
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TVTranscript
00:00We will continue to work together to build a better future for our people.
00:05We will continue to work together to build a better future for our people.
00:13President Subianto has ordered the construction of new infrastructure projects to be stopped.
00:20President Subianto's orders have had a negative impact on the projects in the waterways.
00:31The Board of Directors of Jalantol or BPJT has ordered President Prabowo Subianto
00:37to install infrastructure projects, one of which is the new Jalantol project,
00:42to be stopped for the time being.
00:47The decision to plan the construction of the new Jalantol project was held
00:51while looking at the strength of the income budget and the country's spending for 2025.
00:58The Board of Directors of Jalantol or BPJT, a key player of Sony Sulaksonowibo,
01:04insisted that the Jalantol project that will be stopped is a project that has not yet started.
01:11Sony cited new Jalantol projects that are still planned and will be stopped,
01:16namely the Puncak and Kulonprogo Jelacep waterways.
01:20Meanwhile, projects in the pipeline stage such as the Jelimanuk-Mengwi tollway
01:24and the large tollway for Tasikmalaya Jelacep or GTC are ensured to continue.
01:32While the so-called Jalantol projects that have been constructed
01:35until the feasibility study is carried out will continue,
01:39BPJT will also continue the construction projects that have started the feasibility study.
01:44From Jakarta, IDXJanel coverage team.
02:15Thank you for your time.
02:17We are also joined by Mas Media Wahyudi Askar,
02:21Director of Public Policy at CELIOS.
02:24Hello, Mas Media. How are you?
02:26Hello, Mas Kras. How are you?
02:28How are you? Thank you for your time.
02:30And before that, we will review first, Mas Media,
02:33where President Prabowo has said that he asked for infrastructure projects
02:38where one of them is the new Jalantol to be stopped first.
02:43How do you see the condition like this?
02:45And how do you see the potential of this infrastructure
02:49will be stagnant for a while or how?
02:53Yes, I think this is a good thing.
02:56It means there is an effort to mitigate the risk
02:59that was done by Mr. Prabowo at the beginning of his government
03:03to return the non-productive state budgets.
03:07Non-efficient.
03:09It means there is a large portion of potential budget savings
03:14if reinvestment is done for the new Jalantol,
03:19as explained earlier.
03:20Because there is a significant pressure on our fiscal.
03:24Infrastructure at RAPBN 2025
03:27the budget dropped from the previous year.
03:30And one more thing that I see is also a consideration by the government
03:35because the BUMN in Indonesia
03:38contributes more than a third of the total infrastructure investment.
03:43And we see there are several BUMNs that are having difficulty paying.
03:47So it seems there is an effort from the government to mitigate
03:52so that it does not fall into a significant burden.
03:57And I think this is also a lesson.
04:00And actually Malaysia does the same thing.
04:02We remember when Mahathir stopped the high-speed rail project
04:09in collaboration with Singapore.
04:11And Mahathir did that.
04:13And Prabowo, I think, also took the same steps
04:16to reinvest the non-productive infrastructure.
04:18Okay, okay.
04:19Well, Mrs. Hardini, how about if you review the potential
04:23and opportunities for infrastructure development in the future?
04:27How about the condition of our country's fiscal or financial
04:32still needs to be adjusted?
04:35Yes, so let's try a little review anyway.
04:39This is an extraordinary government, the transition is smooth.
04:43Because Mr. Prabowo's commitment continues
04:46what has been planned in the national strategic project
04:49is continued to the national strategic project Asta Cita.
04:52Whether the achievements of Mr. Jokowi
04:55with a poverty rate of 0.8%,
04:57the latest data and our economic growth
05:00up to 5.9%,
05:02no matter what, Mr. Jokowi has already formed
05:06an extraordinary civilization.
05:08Development equality is not only central in Java,
05:10but throughout Indonesia.
05:12However, the infrastructure has the power
05:17for economic growth.
05:18Proved by Mr. Jokowi's achievements yesterday,
05:21we can reduce the logistical cost by 14%.
05:26Because whatever it is, logistics must be cheap.
05:30Because we are in Indonesia, this is very wide.
05:33In my opinion, maybe if you look at the prospects,
05:37the prospects in infrastructure are extraordinary.
05:40Because infrastructure includes connectivity,
05:43infrastructure facilities, social and public facilities.
05:48Which actually, if in the beginning,
05:51it was already announced by the media,
05:54maybe at this time, Mr. Prabowo,
05:57on the first 100 days,
05:59wants to review the condition first,
06:01what is our country's financial situation?
06:03Because no matter what, we have a duty
06:05to pay debts, debts too.
06:08But for me, as an infrastructure person,
06:12the opportunity is extraordinary.
06:14Even though now the government announces
06:16that the president's priority is food security,
06:19there is still food security,
06:23water supply, food supply, energy,
06:26and also house rehabilitation, hospitals,
06:29and hillarization for commodities and mining.
06:32I think as an infrastructure person,
06:35I, we, in Kadin, position ourselves
06:38as government partners to find solutions.
06:41So, this is the first program that we want to run in the future
06:44to find solutions.
06:45Yes, the projection potential is still quite wide,
06:48but this is a form of adjustment and review.
06:51Well, from Celio himself, how do you see
06:54from the condition of our financial situation?
06:56So, is this a sign that our country's finances
06:59are still not enough for us to continue
07:02to expand the development of infrastructure,
07:05especially maybe the toll road, or how?
07:08Yes, the problem is indeed in Mr. Jokowi's time,
07:11our tax rate kept going down.
07:13Okay.
07:14At the same time,
07:16the export is getting bigger,
07:19so it's hard.
07:21Finally, to close the gap, it's the debt.
07:25Debt is okay for infrastructure,
07:28as long as it's a productive infrastructure.
07:32But if we look,
07:34to measure the productivity of infrastructure,
07:36there is an I-core indicator.
07:38Okay.
07:39In Mr. Jokowi's time, it was 6.6, 6.5.
07:43It means that the debt in Mr. Jokowi's time was borrowed.
07:47So, this is what I think needs to be evaluated by Mr. Prabowo,
07:51because of course we don't want to burden the future generation.
07:56We are in debt, but not productive
07:58and produce additional value.
08:00Especially for the industry.
08:01Okay.
08:02The infrastructure is shaken,
08:04but we see that the contribution of our industry sector keeps going down.
08:08So, there is a problem.
08:11Not the size of the budget,
08:14but the policy of our infrastructure is in the wrong direction.
08:19It doesn't reach the process of infrastructure development that pushes the industry.
08:24Another data that is quite worrying is that
08:28our infrastructure is increasing,
08:30but our logistic performance index is decreasing.
08:33So, this is the problem.
08:35This infrastructure is not planned well.
08:37I think this is what needs to be evaluated by the government of Mr. Prabowo in the future.
08:42Okay.
08:43Mrs. Hardini, then you see that this policy is correct for us to do an evaluation,
08:47then how do we see from the point of view of state financial ability
08:50to be able to continue the infrastructure.
08:53Even though you said earlier,
08:54there are also some focus from our new government target.
09:00Yes.
09:01What Mr. Media said is true.
09:03Our high core is one of the bad plans that needs to be considered.
09:08That's why we are now with Mr. Nas,
09:12we will create a PMO office,
09:15PMO office, Project Management Office,
09:17which we want to consolidate these plans
09:21because no matter what, the government's ambition for the economy
09:24is the private sector.
09:27So, what needs to be seen is that
09:29if now,
09:31if the pandemic,
09:33in fact, the development of toll roads is not stopped.
09:36There are airfares that have been run.
09:40But in fact, what has been planned,
09:43there is a solution.
09:44Because there is already a pair price 38 in 2015
09:47regarding the cooperation between the government and the business sector.
09:50Maybe if the project is solicited,
09:52it can become unsolicited,
09:54the privatization.
09:55Now, the innovation of the sector
09:57that can be cooperated with the private sector
09:59there are 22 sectors.
10:01I think, yes, it becomes a solution
10:03how we implement development
10:06with a scheme of public-private partnership unsolicited project.
10:10We also encourage creative financing
10:14for innovation, financing, development.
10:16Because no matter what,
10:17we are a development country
10:19that will always develop
10:21and we have to find a solution.
10:23That's why Mr. Nas' field
10:25is present to help on this side.
10:28Yes, the mechanism or pattern later
10:32meeting or sitting together to do research
10:35where does it go
10:36if we talk about infrastructure?
10:39So maybe what's amazing
10:41I saw the World Bank review
10:43Indonesia is not one of the countries
10:45whose unsolicited is successful.
10:47We lost like Africa, Senegal, Kenya.
10:50We lost to India
10:52and we have 1,000 unsolicited projects.
10:56I see that this is the time
10:58for our nation to rise.
11:00Not to be a nation of spectators,
11:02but a nation of players.
11:05The sons and daughters of entrepreneurs
11:06join together to build
11:08the infrastructure of 22 sectors
11:10in 38 provinces, 514 regencies.
11:13This is the innovation of financing
11:15that we are currently looking for
11:18how to orchestrate this
11:20to become a transaction project
11:23and also to inspire the entire region
11:25governor, regents, mayors.
11:27Our APBN, APBD is not enough
11:29to finance the needs of this infrastructure.
11:32So we need creativity and cooperation,
11:35collaboration, entrepreneurship in the region,
11:38the center and the government
11:40and the head of the region.
11:42Okay, this is interesting
11:43if we respect it like that,
11:45that there is an effort to increase collaboration
11:47between the government and entrepreneurs.
11:50In other words, the private sector
11:51to be able to work together
11:53or contribute to building the infrastructure.
11:55Seriously, as you can see,
11:58this is related to the public policy itself.
12:00Do you see this as a step
12:02that will be a solution?
12:03Or is it that the involvement of the private sector
12:05must be increased
12:08with standards that are good enough
12:10from the point of view of the infrastructure development process
12:14as well as supervision
12:15and the project is already done, for example?
12:18Yes, I agree with Mr. Hardini
12:20and the private sector must be involved.
12:22So there is a multi-stakeholder collaboration
12:25that must be done.
12:26Because what is a missing link right now
12:29is the qualification study.
12:31So basically, the qualification study is thinking.
12:35When Mr. Jokowi works, works and works,
12:39he should think, work, think, work.
12:42So there needs to be a technocratic study
12:45based on the solutions of the private sector,
12:50including academics and advisors
12:54who can then help the government.
12:56So I think this should not be repeated.
13:00The failure of the infrastructure project
13:02during Mr. Jokowi's time
13:04which then became a monument.
13:07And I think the fiscal policy
13:10during Mr. Prabowo's time
13:12is not as broad as the Jokowi era.
13:15And this must be thought together
13:17by involving the cadin,
13:19especially other stakeholders,
13:21including I think the community.
13:23Because today, many projects are not profitable
13:27because the analysis of how the MSMEs can develop,
13:31the industry can develop,
13:33is not done well.
13:35So I think the challenge is more to the planning.
13:38So when the planning is good,
13:40we can actually meet the needs of the infrastructure
13:43and encourage the interest in private investment.
13:49Interesting, if we look at the efforts of the government
13:52to do an evaluation related to budget use,
13:55but on the other hand, there are also solutions
13:57offered by business owners to involve
13:59or increase the portion of the involvement of the private sector
14:02to play an active role in infrastructure development.
14:05What will the cooperation be like
14:07between national and regional business owners?
14:09We will discuss it in the next segment.
14:11Mr. Media, let's take a short break.
14:13And Mr. Minister, make sure you are still with us.
14:24Minister of Infrastructure and Rural Development Coordinator,
14:28Yudhoyono, stated in August that
14:30infrastructure development will be prioritized
14:33in accordance with the budget that has been provided.
14:37MENKO-AHI stated that the development of a number of infrastructure projects
14:41that are prioritized will be continued
14:43even with a limited budget.
14:45This will be a major challenge in government projects.
14:49The decision is a follow-up action
14:51from the direction of President Prabowo Subianto
14:54which emphasizes the importance of priority scale
14:57in the completion of government infrastructure projects.
15:01Therefore, the government will continue to strive
15:03to attract investment from both domestic and foreign countries
15:06in order to fund various infrastructure projects.
15:12In the future, the infrastructure development
15:15will also be more targeted
15:20and directly impacted on economic development
15:23and also the distribution of history throughout the region.
15:29That's all for today.
15:58Mrs. Hardini, this will be a new step forward
16:01to maintain our infrastructure development.
16:04Mrs. Hardini, how about the readiness of the entrepreneurs themselves,
16:09both nationally and locally,
16:12to ensure the continuation of our infrastructure development
16:15that can also support the national economy?
16:20Yes, because this is an extraordinary financial potential.
16:22Our RPGMN alone is Rp6,445 trillion.
16:26The government's target is 8%.
16:29With Mr. Prabowo's target, poverty is 0%.
16:33I think this is not an easy job.
16:35This is also a difficult job for us.
16:37But I'm sure this can be achieved
16:39as long as we have a coordination between regions
16:43in all fields,
16:46from rural areas,
16:49then funding, development plans.
16:51What's extraordinary is that we have been opened
16:54through the 2015 38th Fair Press.
16:57At the moment, it's still not very popular.
17:01Not many people know about the Fair Press.
17:06I'm sure our local entrepreneurs in this country
17:10have the ability to be government partners,
17:14especially to help unsolicited projects in Indonesia.
17:17But this is what will be our focus in the future,
17:21which is to provide a success story.
17:24Then how to deliver the process from the preparation of the project
17:28to the transaction.
17:30Actually, if you want to be an investor,
17:33for example, there is an investment value of 100 billion or 1 trillion.
17:37Minimum as an investor only has 5-6%.
17:41What is it for?
17:42Because there must be legal research, technical research.
17:48So there is F, S, D, E, D, master plan,
17:51handling the concession, which is the same for insurance payment.
17:54That 5-6% is the basic capital to get a loan.
17:58Because there are so many institutions that will provide financing
18:02if it becomes a commercially viable document.
18:06Here, Kadin will also play a role in inspiring
18:09how the regional governments and investors
18:13for unsolicited projects,
18:15private partnerships,
18:16get the financing to make a commercially viable document.
18:21Yes, that's it.
18:22Funding is certainly a crucial issue
18:24for non-governmental companies.
18:27So, what do you think, Media?
18:29In order to access stability,
18:31how can we get funding for infrastructure projects?
18:35Because the funding is not little.
18:38Yes, that's right.
18:39Actually, there are many factors that affect funding.
18:43It's not just about political parties,
18:46but also how direct discussions can continue
18:52between private investors and the government.
18:57It also means that the government must be aware of
18:59many obstacles on the ground
19:01and solve them together.
19:04Because this infrastructure is different from other projects.
19:09Infrastructure such as bridges,
19:12cannot be withdrawn after it is started.
19:15So, the planning of the project must be well integrated,
19:19including financial aspects, planning, and budget.
19:23Let's say, for example, in terms of financing, it's safe.
19:27But when in the implementation process,
19:30there are land issues, policy issues,
19:34there are many non-financial factors as well.
19:43I also want to say that
19:46decision-making in this infrastructure project
19:51must also be credible with clear calculations.
19:54So, the alternatives that are chosen are the best alternatives.
19:59So, don't make a decision without going through a tender, for example.
20:04This is also a problem.
20:06So, it needs cooperation, quick decision-making,
20:09and well-calculated calculations to minimize the risk of existing infrastructure projects.
20:14Okay, if we talk about the steps to set up a new infrastructure project,
20:19including toll roads,
20:21then we know the priority scale of the infrastructure project,
20:25what is the main thing that needs to be solved immediately?
20:31Yes, the government must focus on the infrastructure that can support the industry.
20:36So, ideally, Indonesia must focus on sea transportation.
20:41Because logistical costs for sea transportation are much cheaper,
20:45even only 1 in 10 of land logistics costs.
20:48I'll give you an example.
20:49For example, in Merauke, I'm from Merauke last week,
20:52the commodity is extraordinary.
20:53And Merauke is closer to Australia.
20:56But because of the sea infrastructure,
20:58the sea toll does not run significantly,
21:01finally the goods do not run.
21:03So, I think we need to return to the basic principle of infrastructure
21:09in the long-term development of Indonesia to push the sea toll road.
21:13Then, we also need to look at how the efficiency of production
21:18and the strengthening of infrastructure in the industry area in Java and abroad.
21:25The infrastructure can be digital infrastructure, electric infrastructure,
21:30including housing, transportation, health facilities.
21:35So, the investment ecosystem is not just building toll roads,
21:42but also building a strong ecosystem,
21:45not just physical roads, but also other infrastructures.
21:50And lastly, I also emphasize the improvement of SDM quality.
21:55This is also important because the infrastructure will not be good
22:01if the training of vocation in industry areas,
22:06around areas that are prioritized by the national infrastructure,
22:11does not develop well.
22:12So that the infrastructure can be effective.
22:14Mas Media, so in your opinion, is it right for us to do a moratorium
22:17on new infrastructure projects, including toll roads?
22:20Yes, because at the beginning of the government,
22:22I think it's already fast and accurate.
22:24Restart everything.
22:25If all the players can be evaluated,
22:28which ones do not work well,
22:30which feasibility studies fail,
22:33it's not optimal.
22:34Just cancel it instead of damaging the country's budget.
22:38Okay.
22:39Mr. Ardini, lastly, how do you see the projection of potential
22:41and also your optimism for the future of infrastructure projects?
22:44While earlier, the efforts to improve the evaluation
22:47that continues to be internalized and carried out by the current government.
22:52Yes, as I see it,
22:54whatever the infrastructure is, it must continue.
22:57Because our economic growth is influenced by our infrastructure.
23:01Everything has been said in detail by Mas Media.
23:04I agree.
23:05We review again.
23:07But what's amazing is that behind every problem, there is an opportunity.
23:12So, if we see that the government is burdened
23:15with the toll road must be stopped,
23:18there is an alternative solution.
23:20Well, this alternative solution, I hope,
23:23the role of Kadin can be a concrete step
23:26to be, for example, the one that was heavy,
23:29solicited, re-reviewed from the feasibility study,
23:32become unsolicited,
23:34so that this can be financed,
23:37the main thing is the insurance problem.
23:40How is the insurance in Indonesia through PT Penjamin Infrastruktur,
23:44maybe there is also from MIGA,
23:46Multilateral Investment Guarantee Agency from World Bank,
23:49maybe from China too.
23:51This must be collaborated, Mas.
23:53And I'm sure, whatever it is,
23:55infrastructure still has an extraordinary impact on economic growth
24:00and must remain synergistic and concrete.
24:03That's it.
24:04The most synergistic, the most important,
24:06as done by the government,
24:08is to make an effort to maintain,
24:10maybe we need to do the evaluation,
24:12how do we wait for the evaluation results from the government,
24:14so that later we will do the starting point,
24:16which is also more ready,
24:18to lay another strong foundation
24:21for the development of Indonesia's future infrastructure
24:23and the right target too.
24:25Okay, Mrs. Ardini, thank you very much for the review,
24:28the information that has been conveyed, Mas Media.
24:30Thank you also for the analysis that you have given
24:32to the viewers of IDX Channel today.
24:34Congratulations on continuing your activities in Bali.
24:36Salam sejahtera, see you again.
24:38Mrs. Ardini, Mas Media, thank you.
24:40Good night, good night.
24:42Okay, Mrs. Mirsa, it's been an hour,
24:44I accompanied you in the market review
24:46and continued to discuss your information
24:48only on IDX Channel,
24:49Your Transport and Comprehensive Investment Reference.
24:51Because of business, the future must be ahead.
24:54I am an investor in stock market.
24:56I am a partner of Wibowo,
24:58as well as all employees who are on duty.
25:00Goodbye.
25:01Thank you, see you again.
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