JAKARTA - Head of the Environment Agency, Asep Kuswanto, said that one of the obstacles that caused the construction of the Sunter ITF to stall because it was difficult to get investors was the condition of Jakarta which was often flooded and the land subsided.
That's why the potential investors who had been hooked up, namely the power plant company from Finland, Fortum Power Heat, and Oy, left the Sunter ITF project.
"Obstacles (difficult to get investors) such as flood-prone conditions, information that Jakarta is prone to land subsidence. They also need certainty that this project will have no obstacles", Asep told reporters, Tuesday, May 24.
The construction of the Sunter ITF apparently did not receive a guarantee from the central government for the ability to borrow funds from international financial corporations. This fact has been conveyed by the DKI Provincial Government to potential investors before.
"Indeed, looking for investors with very large investment funds requires certainty from the project. In terms of readiness from the government, then investors' confidence that the funds they will invest in the project will be safe. This is what investors are still doubting", he said.
VOIR éGALEMENT:
Therefore, in a meeting with council members, Monday, May 23, Commission D of the DKI Jakarta DPRD suggested that the construction of the Sunter ITF use funds taken from the Regional Budget through regional capital participation (PMD) to the BUMD PT Jakpro as the project contractor.
In response to this, Asep said he was happy. This is because the DKI Provincial Government no longer needs to find it difficult to find funding from investors or other loans. As is known, DKI had planned to borrow the national economic recovery fund (PEN) from the central government through the state-owned company PT SMI, but this request was rejected by the Regional House of Representatives (DPRD).
"We are very happy if there will be Regional Budget support for the construction of the Sunter ITF. So, at least we can confirm when the ITF can be built. If the funding is with the Regional Budget and we can maintain it for the next three years, the allocation of funds will not be hampered, hopefully, ITF Sunter wakes up", he added.
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