Sri Mulyani: Construction Of IDR 1.3 Trillion Youtefa Bridge In Papua Using Sharia Instruments

Youtefa Bridge, Papua (Photo: Special)

JAKARTA - Minister of Finance (Menkeu) Sri Mulyani informed that the construction of the Youtefa bridge in Papua has completed construction period. The Minister of Finance also said that the 1.3 kilometers of infrastructure cost no less than IDR 1.8 trillion.

"The construction of the Youtefa bridge uses the State Budget (APBN) through State Sharia Securities (SBSN) or better known as State Sukuk (Islamic financial certificate) of IDR 1.3 trillion", she said via his personal Instagram @sminrawati seen by VOI, Sunday, February 21.

Meanwhile, the difference of IDR 500 billion from the budget required is met by the Papua Province Regional Budget (APBD) and the City Government of Jayapura. Thus, 72 percent of the construction of the bridge was supported by sharia-type government debt instruments whose funds were collected from communities throughout Indonesia.

For information, SBSN is one of the government financing tools to support the APBN. Several instruments are similar to Sukuk but with conventional characteristics, such as Government Securities (SUN), and Retail Government Bonds or Indonesian Retail Bonds (ORI).

"This is one of the APBN's contributions to equality in Indonesia", she said.

For information, the Youtefa bridge is one of the newest strategic objects in the Land of Papua. This bridge has a length of 1.3 kilometers that connects the Holtekamp district with Hamadi.

Before this facility existed, the trip from Jayapura to the Skow border (Papua New Guinea border) had to be taken in 2.5 hours. But now, travel time can be shortened to just 1 hour.

"We will continue to ensure that the APBN is managed effectively and very carefully for the prosperity of Indonesia", she said.

"Have a good activity, stay alert, and always apply 5M (wearing a mask, washing hands, keeping your distance, staying away from crowds, and reducing mobility", concluded Sri Mulyani.