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Bisnis Indonesia - Pengembangan PSN baru: Laju ekonomi lebih merata
28 March 2024
By Jessica G. Soehandoko and Tegar Arief
Bisnis, Jakarta – The recent government decision to designate 14 new national strategic projects (PSNs) aims to realise equity. These projects are strategically distributed across different regions.
The regions include Riau Islands, Banten, Jakarta, West Java, East Java, East Kalimantan, Central Sulawesi, and Southeast Sulawesi.
The 14 PSNs encompass a range of sectors, featuring 8 industrial estates, 2 tourism areas, 2 toll roads, 1 educational, research, technology, and health hub, and 1 offshore oil and gas project.
This was stated by a spokesperson for the Coordinating Ministry for Economic Affairs, Haryo Limanseto, in response to Bisnis’ article on Wednesday (27/3) titled Kongsi di Proyek Strategis (Merging in Strategic Projects).
He elaborated that the 14 newly designated PSNs have undergone comprehensive studies and are backed by Ministerial Commitment Letters, funding plans, study results, and action plans. These will be assessed against various basic, strategic, and operational criteria.
When it comes to proposing PSNs, all parties have the opportunity to submit their proposals through ministries, institutions, state-owned enterprises (SOEs), and regional state-owned enterprises (BUMDs). This process tends to be bottom-up in nature.
“Not all infrastructure project proposals can be approved to be a PSN. All proposals will be studied and analysed further by the KPPIP (Committee for the Acceleration of Priority Infrastructure Delivery),” he said on Wednesday (27/3).
Haryo added that the development of the 14 new PSNs was guided by four strategic objectives. These objectives include promoting regional development-based equity, expanding job opportunities, ensuring equality in the development sector, and encouraging private sector involvement in financing independently without relying on the state budget (ABPN).
For example, the PSN BSD is meant to advance the educational, biomedical, and digital sectors with support from the Health Ministry. The total investment in the PSN BSD reaches Rp18,54 trillion. Projections indicate that it will provide employment for 10,056 individuals, reduce foreign exchange outflows by Rp10.1 trillion, and generate foreign exchange earnings of Rp5.6 trillion.
Meanwhile, the PSN PIK 2 aims to propel the green tourism sector, especially the mangrove tourism area, with support from the Tourism and Creative Economy Ministry.
The total investment in the PSN PIK 2 amounts to Rp65 trillion. Projections suggest it will create job opportunities for 6,235 individuals, with an additional 13,550 individuals expected to be engaged thanks to its multiplier effect.
“There is no non-technical consideration in making the decision to designate a project as a PSN. All decisions go through a complete study and a clear parameter,” he stated.
Regarding PSN development, policyholders play a crucial role in facilitating a smooth permit acquisition process, enabling projects to commence promptly and offer substantial support to the public.
Streamlining the permit acquisition process aligns with the national vision of offering both opportunity and certainty to all business players. This approach is considered a key strategy by the government to enhance national competitiveness.
This is in line with Presidential Regulation No. 3 of 2016 on Accelerated Implementation of National Strategic Projects and Presidential Regulation No. 109 of 2020 on the Third Amendment to Presidential Regulation No. 3 of 2016 on Accelerated Implementation of National Strategic Projects.
Meanwhile, the evaluation of PSNs encompasses several stages, including sustainability monitoring and impact assessment of potential problems.
PSNs tend to have several main issues, involving land procurement, spatial planning, permits, construction, and financing.
“The government will persist in monitoring and expediting the completion of PSNs to ensure that they are delivered on schedule,” he stated.
Haryo affirmed that PSN management by the Coordinating Ministry for Economic Affairs was extremely transparent and accountable. Moreover, reports and publications are made periodically to ensure that decisions are made impartially with the involvement of all relevant parties, free from conflicts of interest.
All requirements required to develop these infrastructure projects are sourced from the private sector without the involvement of the APBN.
It is a breath of fresh air for policyholders that require investment to create a multiplier effect on the economy. Moreover, the investment value of the 14 PSNs is forecasted to reach Rp500 trillion.
On a separate occasion, Fiscal Policy Agency (BKF) Macroeconomy Policy Centre Head of the Finance Ministry Abdurohman said that the current investment value of the 14 new PSNs was still being calculated by the National Development Planning (PPN) Ministry/National Development Planning Agency (Bappenas).
There is a possibility that state funds will be involved in the development if contribution from the private sector stops. “Regarding the [14 new] PSNs, Bappenas is still calculating [the funds required],” he said to Bisnis on Tuesday (26/3).
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