Jakarta, Indonesia — Japan and Indonesia have signed and exchanged notes for two yen loan projects amounting to 90.456 billion yen (approximately Rp9.35 trillion), which will support two key development projects in Indonesia.
The signing ceremony was conducted by Yasushi Masaki, Ambassador of Japan to the Republic of Indonesia, and Amb. Abdul Kadir Jailani, Director General of Asia-Pacific and Africa at Indonesia’s Ministry of Foreign Affairs. The announcement was confirmed through a press statement from the Ministry of Foreign Affairs of Japan, received in Jakarta on Saturday.
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Project Funding Details
- Strengthening Apparatus Management and Development Project
- Funding: 7.048 billion yen (Rp728.7 billion)
- Objective: To promote effective management practices and enhance the capacity of administrative officials in Indonesia. This initiative also aims to strengthen the capabilities of central and regional government organizations, contributing to the country’s development priorities.
- Patimban Port Development Project (III)
- Funding: 83.408 billion yen
- Objective: To improve logistics infrastructure in the Jakarta metropolitan area by constructing a new port at Patimban, including container and automobile terminals. This project will support Indonesia’s economic growth by improving the investment environment.
Overview of Loan Terms and Cooperation
The loans will be provided under favorable conditions, including low interest rates and long repayment periods, ensuring sustainable development for Indonesia. Japan’s financial support demonstrates its commitment to fostering bilateral cooperation and aiding Indonesia’s efforts in achieving self-sufficiency and economic resilience.
Broader Context
These agreements underline Japan’s dedication to advancing Indonesia’s economic development while strengthening ties between the two nations. The projects are expected to drive progress in governance, logistics, and infrastructure, further cementing Japan and Indonesia’s partnership for mutual growth.
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