Prime Minister Stephen Harper today announced Canadian support for a pilot Public-Private Partnership (PPP) Centre in Indonesia, with a view to promoting private sector investment in infrastructure in the country. The announcement was made in Bali, where the Prime Minister is attending the Asia-Pacific Economic Cooperation (APEC) Leaders’ Meeting.
“Quality infrastructure is critical to promoting enhanced economic growth and development in Indonesia and across the entire APEC region. The private sector can play an important role in supplementing government spending on such initiatives, but the right investment conditions must be in place,” said Prime Minister Harper. “The support being announced today for a pilot PPP Centre in Indonesia will help the country identify priority infrastructure projects that require private investment, and will help to address economic and coordination impediments to their completion.”
This pilot PPP Centre will be housed within Indonesia’s Ministry of Finance, as agreed to by the APEC Finance Ministers during their meeting in Bali on September 19-20, 2013.
Together with Australia, Indonesia, the Asian Development Bank and other partners, Canada’s support will help the Government of Indonesia identify a conduit of investment ready infrastructure projects within the country, and help them overcome the challenges with domestic coordination on a project-by-project basis.
Canadian companies and investors will be able to bid on new projects that result from this initiative.
The pilot PPP Centre will receive assistance and guidance from the APEC Experts Advisory Panel, which will include members from the APEC economies with developed institutions and expertise in the preparation and delivery of public-private partnerships, such as Canada.
The Asia-Pacific region is a priority for Canada, and Canada has been actively pursuing a number of important initiatives with Asia-Pacific Economic Cooperation (APEC) member economies and within the larger Asian region.
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