Hockey announces Indonesia infrastructure financing plan
The newly-elected government has taken the first steps towards a regional infrastructure financing market with Indonesia, it announced last week.
At the APEC Finance Ministers' meeting in Bali, treasurer Joe Hockey outlined plans to build a private partnership centre in Jakarta to support infrastructure investment, which would be bolstered by an advisory panel made up of finance experts from APEC economies.
He said it would help to deliver an estimated $8 trillion to Asian economies by 2020 by offering "more stable" investment flows.
"These key initiatives target the major infrastructure problem in the region, where economically viable projects fail to attract adequate funding from investors," Hockey said.
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