MP3EI Projects under way

Jakarta : Indonesia | Aug 16, 2012 at 11:54 AM PDT

By TaufanTasch

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MP3EI Projects under way

Jakarta (ANTARA News) - Around 135 projects under the Indonesian Economic Development Acceleration and Expansion Master Plan (MP3EI) programme have started since its launch.

"Since it was launched on May 27, 2011, up until July 2012, the MP3EI programme has made a lot of progress. The groundbreakings of 135 projects, worth a total investment of more than Rp490 trillion in infrastructure development and real sector, have already been done," President Susilo Bambang Yudhoyono said in his state of the nation address before the Parliament here on Thursday, a day before the 67th anniversary of Indonesian independence.

"The MP3EI programme is necessary to narrow the existing development gap in regions, to reduce the unemployment rate, and to boost the nation`s economic growth through innovation," he added.

"The infrastructure development acceleration and expansion strategy is also crucial to avoid a middle-income trap," the head of state explained.

http://www.antaranews.com/en/news/84002/135-mp3ei-projects-under-way

TaufanTasch is based in Jakarta, Jakarta, Indonesia, and is a Reporter for Allvoices.

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